Bank of Valletta today announced that regulatory approval has been obtained for Mr Kenneth Farrugia as CEO of the Bank. In his capacity as CEO, Mr Farrugia will act as Executive Director on the Bank’s Board of Directors. Mr Rick Hunkin has therefore relinquished his position of CEO and Executive Director of the Bank. The Board of Directors extended its thanks to Mr Hunkin for his valid contribution under extraordinarily difficult circumstances and wishes him every success for his future endeavours.

Upon this official appointment, Mr Farrugia expressed his commitment to make a significant contribution to the success of the Bank in the coming years.

“I look forward to work alongside the Board, the Executive Team and all our highly valued employees in pursuing our strategy aimed at delivering the highest standards of service to our esteemed customers.  We will be working together to deliver a sustainable, compliant and secure Bank, focusing on our people, our operations, as well as our risk & governance infrastructure while at the same time accelerating the digital transition to achieve service excellence across our customer service touchpoints, to the benefit of all our stakeholders embedding ESG considerations in the process.”