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Our Executive Team
Our Executive Team
Our Executive Team

Kenneth Farrugia
Chief Executive Officer

Kenneth Farrugia is the Chief Executive Officer of Bank of Valletta plc. He 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. Kenneth also chairs the Board of Directors of BOV Fund Services Limited and sits on the Board of Directors of BOV Asset Management Limited. 

Kenneth 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. He also occupied various financial services related industry positions including Chair of the Malta Asset Servicing Association, Chair of Malita Investments plc 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.

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



Ernest John Agius
Chief Operations Officer

Mr Agius was appointed BOV's Chief Operations Officer, in May 2016. He is responsible for the Bank's Administration Function including Facilities, Security and Health & Safety, Procurement, the Architect's Unit, the Transaction Monitoring & Screening Function, Investment & Custody Operations, Centralised Operations including, Cash, Cheque, ATM and Safe Deposit Lockers Management, Core Banking System Development & Support, SWIFT & SEPA Payments Processing and Reconciliations, Customer On-Boarding including Account Opening and the Customer Lifecycle Management unit. 

Mr Agius joined Bank of Valletta in 2015 as Change Management Executive with the specific target of setting up a Change Management Function aiming to implement the Core Banking System in 2019.

Mr Agius’s career in the financial services sector spans more than thirty-seven years during which he has held a number of senior executive positions within the Business, migrating Customers to digital channels and IT. He has vast experience in the Banking Operations, Financial Crime Compliance, and has led major transformation projects involving complex technology, automation and de-risking.

He has been a member of the Executive Committee since June 2016, member of the Change Management Committee, the Internal Control & Risk Management Committee, Product Governance and Pricing Committee, Change Management Committee and the Incident Management Team, since January 2020. Ernest sits on the Board of Churchwharf Properties Ltd. 

Joseph Agius
Chief Technology Officer

Mr Agius was appointed Chief Technology Officer in October 2014 and became a member of the Bank of Valletta Executive Committee in October 2016.

Since joining the Bank in 1985, Mr Agius has garnered over thirty-five years’ experience in IT and Financial Services. In this time, he has been actively involved in the implementation of various mission critical projects, including the Core Banking Transformation programme.

In his role as Chief Technology Officer, Mr Agius is responsible for driving the Bank’s IT strategy. He is a strong proponent for modernisation of IT infrastructure and applications whilst running IT as a business with its inherent business value. He supports fellow EXCO colleagues in their technology initiatives.

Mr Agius holds an Honours degree in Computer Science from the University of Reading and an MBA in eBusiness from Grenoble Graduate School of Business. He is also a Chartered Engineer and member of the British Computer Society.

Mr Agius is a non-executive director on Malta Information Technology Agency’s (MITA) Board of Directors.

Simon Azzopardi 
Chief Wealth Management Officer 

Mr Azzopardi joined Bank of Valletta in 1987. He has served in various areas of the Bank including the retail network, corporate lending, strategic planning, and marketing. He holds a Degree (B.Comm Hons) in Banking & Finance from the University of Malta, and a MSc International Securities, Investment and Banking from the University of Reading. Mr Azzopardi is also an Associate of the Chartered Insurance Institute and a fellow of the Chartered Institute of Bankers. Simon enjoys considerable experience in investment services. During his career at BOV, he has occupied various senior positions at Risk Management, International Corporate Centre, Chairman's Office and the various subsidiaries. He was also responsible for the setting up and running of the Cairo representative office. As Chief Wealth Management Officer (appointment date 22nd January 2021), he is a member of the Bank's Executive Committee and currently sits on various Boards within and outside the BOV Group; these include Chairman of the BOV Asset Management Board and Director of the BOV Fund Services Board. He is also a member of various committees which include, the MMSV Investment Committee, the MMS Investment Committee, the Investment Committee BOV Asset Management and the Risk & Regulatory Committee BOV Funds Services.


Izabela Banas
Chief Finance Officer

Ms Banas was appointed as the Bank's Chief Financial Officer on 1 March 2021.

She serves as Deputy Chair of Asset and Liability Management Committee and is a member of the Bank’s Executive Committee and a number of management committees. Ms Banas is a director on the Board of MAPFRE MMSV Life p.l.c, a member of MAPFRE MMSV Life p.l.c Audit Committee and regular attendee at the BOV’s Board of Directors as well as BOV and MAPFRE Middlesea p.l.c. Audit Committees. 

Ms Banas is an experienced Finance professional and has held a number of senior positions within the Financial Services industry in the UK and Switzerland. Izabela joined Bank of Valletta after five years with HSBC Group in London where her last role was as a Chief Financial Officer for Private Bank EMEA. Having started her career at General Electric Company as part of Financial Management Programme, she has since covered wide span of organisations, industries and geographies including Credit Suisse Group, Willis Insurance Brokers and Private Equity owned industrial companies in Germany and in the UK.

She holds a degree in Economics with specialisation in Finance from University of Illinois at Urbana-Champaign and is a certified Lean Six Sigma Black Belt.

Miguel Borg
Chief Risk Officer

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.





Anatoli Grech
Group Chief Compliance Officer

Mr Grech holds the position of Group Chief Compliance Officer. He previously held the position of Head of Strategy and Regulatory Affairs at BOV Asset Management Limited, the asset management of the Bank.

He also sits on the Executive Committee, the Internal Control and Risk Management Committee, Product Governance and Pricing Committee and Change Management Committee of BOV. Mr Grech is a Director on the Board of BOV Asset Management Limited and the Chair of its Risk and Regulatory Committee.

Mr Grech is also a member of the Risk and Regulatory Committee of BOV Fund Services Limited and MAPFRE MSV Life plc. He is also a member of the board of the European Savings and Retail Banking Group, a member of the Banking Supervision Committee of the European Banking Federation, a member of the WSBI-ESBG Task Force on AML and the Secretary of the Malta Asset Servicing Association.



Theodoros Papadopoulos
Chief Digital, Strategy & Transformation Officer

Mr Papadopoulos was appointed as Chief Digital, Strategy & Transformation Officer in September 2021 and sits at the Executive Committee of the Bank. He sits on different committees of the Bank (CMC, PGPC. ICRM, Data Council). He holds an MSc in Digital Communications and Media/Multimediat of Stockholm's University, an MSc in International Business (Public Policy) from Södertörn University in Sweden and a BA in Public Relations and Communication Policy.

He is a Digital Transformation, Digital Banking, Innovation and Technology Executive who has worked for Fortune 500 companies recognized for strong people leadership and Change Management.  Prior to joining Bank of Valletta, Mr Papadopoulos  held the position of Director of User Experience at Eurobank EFG in Athens, Greece and helped the bank to increase the digital footprint in the market. Between 2011 and 2016, he was engaged with in the Netherlands, initially as a Global Hotels Projects Team Member and appointed as Manager, Strategic Partnerships in 2013, a position which he occupied before moving to Eurobank, EFG. He has extensive experience in redesigning and implementing digital products, in Customer Experience, Voice of the Customer, Design Thinking and Customer Journey Mapping. 

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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).