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Home > Our Board of Directors
Our Board of Directors
Our Board of Directors
Our Board of Directors
Dr Gordon Cordina
Chairman
Non-Executive Director

Dr Gordon Cordina is a leading economist in the Maltese Islands, with a professional experience spanning 25 years covering banking, policy-making, academia and private sector consultancy. He serves as Chairman of the Board of Directors and ESG Committee and is also co-chairman of the Nominations and Remuneration Committee. Dr Cordina is a graduate of the University of Cambridge and the University of Malta. His main area of academic interest is the growth and macroeconomic dynamics facing economies that are prone to heightened risks.

Dr Cordina has several years of Board and Risk Committee experience in major financial institutions in Malta, amongst which at Bank of Valletta p.l.c. Dr Cordina served as Manager of the Research Department of the Central Bank of Malta, Director General of the National Statistics Office of Malta, Head of the Economics Department of the University of Malta and Economic Advisor to the Malta Council for Economic and Social Development. Through the private consultancy firm he co-founded in 2006, he is involved in a number of local and international research projects and consultancy assignments with institutions including the EU Commission, NGOs and private sector entities. Dr Cordina is a visiting senior lecturer at the University of Malta.

Dr Cordina was appointed Chairman of the Bank of Valletta p.l.c in October 2020, of MAPFRE MSV Life p.l.c in September 2021 and director of MAPFRE Middlesea p.l.c in September 2022.

 
Kevin J. Borg
Non-Executive Director

A graduate in Economics, Mr Kevin J Borg is an accomplished professional with almost 25 years experience in leadership of the business community with the Malta Chamber of Commerce, Enterprise and Industry, having occupied the position of Director General for almost 15 years and various other roles within the Chamber prior to that.  Over the years, though these positions, Kevin built himself a distinct reputation for integrity and professionalism with all stakeholders he has connected with including entrepreneurs, political leaders and social partners.

Mr Borg is currently member of the Nominations and Remuneration Committee. He is also the the Chief Executive Officer of the Malta Maritime Forum and Consultant to the Malta Employers’ Association.

Through his previous position, Mr Borg sat on a number of national boards including the MCESD, MEUSAC, Education Malta, Malta Business Bureau, and the Retail Price Index Board besides BusinessEurope and Eurochambres at the European level. Amongst other projects during his time at the Chamber, Kevin was actively involved in the EU accession preparations for Malta as well as in the merger process with the Federation of Industry which took place in 2009.

Appointed to the Board in May 2021, Kevin also serves on the Compliance and Anti-Financial Crime Committee since July 2021.
Miguel Borg
Executive Director

Mr Miguel Borg is the Chief Risk Officer and an Executive Director of Bank of Valletta p.l.c. He serves as the Deputy Chairman of the Executive Committee and chairs the Credit Committee, the Internal Control & Risk Committee and the Credit Sanctioning Committee of BOV. Mr Borg is a Director of BOV Fund Services Limited and chairs the Risk Committee of the company. He also chairs the Risk Committee of MAPFRE MSV Life p.l.c. Prior to joining the Bank, he worked at the Central Bank of Malta. Mr Borg holds a Masters in Economics and is a member of a number of international risk management associations. Mr Borg serves as a member of the Ethics Committee of PRMIA (USA). Mr Borg lectures at the University of Malta.

Appointed to the Board in August 2017.

 

 

 

 
Dr. Diane Bugeja
Non-Executive Director


Dr Diane Bugeja currently chairs the Compliance and Anti Financial Crime Committee. Dr Bugeja is a lawyer by profession practising primarily in financial services law, financial regulation and anti-financial crime compliance. She is currently a Senior Associate at Camilleri Preziosi Advocates. Prior to joining Camilleri Preziosi, Dr Bugeja held the post of Senior Manager at a Big Four audit firm, working in Malta and in London, and subsequently joined the enforcement departments of the UK Financial Conduct Authority and the Malta Financial Services Authority.

Dr Bugeja holds a Ph.D in law from King’s College London and a M.Sc from the London School of Economics and Political Science. Dr Bugeja is also a visiting lecturer at the University of Malta. 

Appointed to the Board in December 2019.
Elizabeth Camilleri
Non-Executive Director

Ms Elizabeth Camilleri is a member of the ESG Committee. She is a digital growth and transformation specialist, working with boards and C-Level executives across a number of B2C and B2B2C sectors worldwide.

Born and educated in Malta, Ms Camilleri subsequently moved to the UK for her MBA at London Business School specialising in strategy and digital innovation. It was there that she found her passion for data and digital transformation and its power to enable any organisation to compete in a fast-changing environment.

Ms Camilleri currently sits on a number of boards and advises others on digital transformation and the creation of exponential growth through the use of data and technological innovation. Before that, she had founded and built a market tech company (Shopological) which she sold in 2019. Previous roles encompassed working at global organisations such as Gartner (Head of Strategy Consulting), Orange Global (Growth Strategist for the Board), PWC (Consultancy, Malta) and mid-sized companies such as eDreams (Marketing Director) and Biochemicals (Malta, Export Marketing Manager).

Appointed to the Board in May 2021.
Kenneth Farrugia
Chief Executive Officer
Executive Director


Mr Kenneth Farrugia is the Chief Executive Officer of Bank of Valletta p.l.c. Mr Farrugia sits on the Board of Directors of the Bank as an Executive Director, chairs the Executive Committee and is a member of several management committees. Mr Farrugia also chairs the Board of Directors of BOV Fund Services Limited and sits on the Board of Directors of BOV Asset Management Limited.

Mr Farrugia began his career at Bank of Valletta in 1985. Over this period, he has occupied various executive positions covering the bank’s asset management, retail banking and credit business areas. Mr Farrugia also occupied various financial services related industry positions including Chair of the Malta Asset Servicing Association, Chair of Malita Investments p.l.c which is listed on the Malta Stock Exchange, board member of the European Fund and Asset Management Association as well as Chair of FinanceMalta, Malta’ national promotional body for the financial services industry.

Mr Farrugia is a Harvard Business School Alumnus, having completed a General Management Program at Harvard Business School.

 

 

 

James Grech
Non-Executive Director


Mr James Grech’s career commenced as a management accountant with a local accounting firm. He later joined the Bank in 1998 and is currently the Executive Head of Foreign Bank Relationships Department. He served on the Compliance, Risk Management and Audit Board committees. He was also a member of the ALCO management committee. He is a member of the Strategy and Advisory committee. Mr Grech was the Chairman of Malta Industrial Parks and to date is the Chairman of Gozo Channel Holding Company Limited and a director of other local companies. He holds an Honours Degree in Management and a Masters in Business Administration from Henley Management College (UK). His dissertation focused on the effectiveness of Board Performance and Corporate Governance. Mr Grech has lectured on Financial Services at the Malta College of Arts, Science and Technology, and on Corporate Governance at the University of Malta.

Appointed to the Board in 2004 till 2008. Re-appointed to the Board by the shareholders in the respective AGMs in December 2014 to date.

Alfred Lupi
Non-Executive Director

An Accountant by profession, with a university degree in economics, Mr. Lupi was the Chief Financial Officer on two major companies in Malta and the Executive Chairman of a supermarket group. He was also a director of the Central Bank of Malta, chairing its Audit Committee and also served as Acting Governor. For a number of years he chaired the Accountancy Board and was subsequently a member of its Quality Assurance Oversight Committee.  Mr Lupi has held a number of board appointments mainly in the financial sector.

Appointed to the Board in December 2015. Mr Lupi was Interim Chairman of the Bank from May 2020 until October 2020.  He currently chairs the Audit Committee and serves on the board of BOV Fund Services Limited.  

 

 

Anita Mangion
Non-Executive Director

Ms. Anita Mangion was appointed as Non-Executive Director to BOV's Board in December 2016. Since then, she served in various committees: Audit, Remuneration and Compliance Committee as well as chaired the Digitilisation and Fintech working groups and co-chaired the Board’s Strategy Advisory Group. Ms Mangion is currently serving in the boards of BOV’s ESG Committee; Compliance and Anti-Financial Crime Committee and the Digital Strategic Transformation Group. In November 2021, Ms Mangion was appointed Non Executive Director on the boards of Vilhena Funds Sicav and the BOV Joseph Calleja Foundation.

Ms Mangion is an experienced Strategy and IT consultant: specialised in Corporate Governance, Business Optimisation and Digital Transformation; passionate on ESG, FinTechs and Innovation. For almost two decades, she consulted in such matters diverse local and international entities where she successfully drove enterprise-wide projects and implemented sustainable profitable frameworks. Her professional career started at MFSA and the Malta Stock Exchange before moving to senior roles in the Telecoms and IT sector and subsequently to advisory, where she now collaborates with Tech Giants, C-suite executives and boards. Ms. Mangion holds an Executive MBA (eBusiness); B.Com. Management Hons and B.Sc. Business and Computing (University of Malta). She also studied Business and IT at Indiana University-USA; Technology Entrepreneurship and New Business Operations at University of Malta in collaboration with Oxford University-UK. She served as Non-Executive Director at Malta Industrial Parks Limited (today named INDIS) from 2013 to 2017, where she was appointed member of the Tenders Committee, Audit Committee and chair of the ICT Steering Committee. 

Alfred Mifsud
Non-Executive Director

Mr Alfred Mifsud currently chairs the Risk Committee and is a member of the Audit Committee. Mr Mifsud  was previously a member of the Compliance and Anti Financial Crime Committee. Mr Mifsud holds a Masters in Business Administration from Sheffield Hallam University and a Financial Studies Diploma by the former Chartered Institute of Bankers. From 2015 to 2017 he was Deputy Governor of the Central Bank of Malta, with main responsibilities of the monetary policy and banking operations. Prior to that, Mr Mifsud was Chairman of Crystal Finance Investments Limited, a position he held for 15 years. From 1992 to 1996 he was a Governor on the Board of Malta Financial Services Centre which now is MFSA. From 1996 to 1998, Mr Mifsud was Chairman of Mid-Med Bank p.l.c.

Appointed to the Board in December 2019.

 

 

Antonio Piras
Non-Executive Director

Mr Antonio Piras co-chairs the Nominations and Remuneration Committee and is a member of the Risk Committee.  He was previously a member of the Audit Committee. Mr Piras occupies the role of deputy chairman of the Board and is also the chairman of the Remuneration Committee of Banca UBAE (Rome).

Mr Piras was previously director of the board of Iacobucci Aerospace HF (Rome) and vice chairman of Eurofidi Soc. Consortile Garanzia Fidi s.c.a.r.l. (Turin). Until 2014, he was the CEO of Equitalia Centro S.p.A (Florence) and chairman and CEO of other companies of Equitalia Group.

In 1971 Mr Piras started his career at UniCredit Group, former Credito Italiano, holding various key roles in the Italian commercial network until 1997. Afterwards, Mr Piras was appointed as CEO of UniCredit Factoring (Milan), Deputy General Manager of Banca dell’Umbria, Chairman and CEO of Pekao Leasing Sp.z.o.o (Warsaw) and Leasing Fabryczny Sp.z.o.o (Lublin), CEO of UniRiscossioni S.p.A. (Turin), all companies held by UniCredit, from where he ended his career as Senior Executive Vice President in 2009.

Appointed to the Board in December 2016.  

 
Deborah Schembri
Non-Executive Director


Ms Deborah Schembri is a Certified Public Accountant, holds a Masters in Business Administration from Henley Management College (UK) and holds an Advanced Diploma in Retirement Provision pursued with the UK Pensions Management Institute.

Ms Schembri served as the Chairperson of the Malta Association of Retirement Scheme Administrators and possesses successful experience in strategy formulation, corporate governance, business & product development, customer relationships and employee engagement. She has over twenty years experience in the financial services, gaming, caring, construction & property development, oil & fuel, transport, pest control, hospitality & travel industries, holding C-level positions. She worked with one of the Big Four audit firms and for ten years she also served as the CEO & Managing Director of a financial services organisation.

Currently Ms Schembri holds the role of Group CFO of a major local diversified group of companies operating locally and internationally and also sits on committees within the Malta Chamber of Commerce and the Institute of Financial Services Practitioners.

Appointed to the Board in June 2022 and also serves on the Audit Committee since October 2022. 
Godfrey Swain
Non-Executive Director

Mr Godfrey Swain is a member of the Bank’s Risk Committee, ESG Committee and a Director on the Board of MAPFRE MSV Life p.l.c. He is an international executive with thirty years of banking experience, recently serving as CEO of Myanmar Citizens Bank (MCB) based in Yangon tasked with executing a banking transformational strategy in partnership with the International Finance Corporation (IFC), an arm of the World Bank. Mr Swain previously served as Deputy CEO, Head of Retail Banking and Marketing based in Ho Chi Minh City delivering a growth and modernization mission for Vietnam International Bank (VIB), a large-scale bank with Vietnamese and Australian shareholding.

Mr Swain served as a senior Hong Kong and Shanghai Bank (HSBC) international executive for twenty years holding key roles as Managing Director and Country Head of Retail Banking and Wealth Management for HSBC in Japan, Vietnam and previously Malta where he also held roles of Head of Marketing and Communications and founding CEO/MD of HSBC Life Assurance (Malta) Limited. Mr Swain was a member of the Hong Kong based HSBC Asia Pacific Regional Management team, director on various boards including Life Assurance and Fund Management subsidiaries and EXCO, ALCO, Risk Management and Governance Committee member in the countries and territories where he worked. Mr Swain started his financial services career in Adelaide and Sydney with National Mutual Life, Australia.

Mr Swain is a business graduate from Monash University, holds a diploma in strategic management from Henley School of Management and participated in HSBC executive programmes in London, Hong Kong and Singapore.

Appointed to the Board in May 2021.
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Bank of Valletta p.l.c. is a public limited company regulated by the MFSA and is licensed to carry out the business of banking and investment services in terms of the Banking Act (Cap. 371 of the Laws of Malta) and the Investment Services Act (Cap.370. of the Laws of Malta).
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