Bank of Valletta plc – Management Board Appointments

Bank of Valletta plc issued the following Company Announcement pursuant to the Malta Financial Services Authority Listing Rules: 

Bank of Valletta p.l.c. (the Bank) hereby announces the appointment of Ernest John Agius as Chief Operations Officer and Albert Frendo as Chief Business Development Officer (Credit). 

Ernest John Agius joined the Bank in June 2015 and has significant experience in management of large projects. Throughout his career Ernest John Agius has held a number of senior executive positions. His previous position within the Bank was that of Change Management Executive. As Chief Operations Officer, Ernest John Agius will be responsible for the management and delivery of change projects within the Bank. 

An accountant by profession, Albert Frendo joined the Bank in 1992. Albert Frendo has occupied various key positions at the Bank including that of Chief Officer Credit, the most recent being that of Chief Officer Corporate Finance. As Chief Business Development Officer (Credit), Albert Frendo will be responsible for the Bank’s credit business development and management. 

Regulatory approval has already been obtained for the above appointments. 

There are no further matters concerning Ernest John Agius and Albert Frendo requiring disclosure under Listing Rules 5.20.5 to 5.20.9. 

Following these appointments, the Bank’s Management Board will be composed of the following: 

Mario Mallia – Chief Executive Officer

Ernest John Agius – Chief Operations Officer

Miguel Borg – Chief Risk Officer

Kenneth Farrugia – Chief Business Development Officer (Investments)

Albert Frendo – Chief Business Development Officer (Credit)

Elvia George – Chief Finance Officer

To view the official Company Announcement, click here.