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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 was previously a member of the Compliance and Anti-Financial Crime Committee. Mr Kevin J Borg 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. 
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.

Nicola Angeli
Non-Executive Director

Mr Nicola Angeli has an extensive knowledge of the European banking sector, accumulated in over 10 years of experience working on transactions in the private and public markets.

Based in Italy, he started his career in the Debt Capital Markets team of UniCredit S.p.A., where he assisted medium and large corporates in the execution of financing transactions in the fixed-income market.In 2015 he moved to his current position in the Group M&A and Corporate Development team, where his responsibilities focus on the carrying out of M&A proprietary transactions for the UniCredit Group. Nicola was involved in several transformational inorganic projects, including both M&A and capital markets deals.
Nicola has a significant knowledge of the European financial sector across several geographies (e.g. Italy, Germany, Central and Eastern Europe) and sectors (e.g. retail and corporate banking, investment banking, consumer finance and other product factories).
Nicola has a master degree cum laude in Banking, Business and Financial Markets and a bachelor of science cum laude in Economics, both from the University of Trento (Italy).

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. 

Robert Suban
Non-Executive Director

Dr Robert Suban is a full-time academic and Head of the Department of Banking and Finance at the University of Malta. He lectures at undergraduate and post-graduate level on subjects related to banking and finance. He holds a Bachelor in Business Administration, a Masters Degree, and a Ph.D. in Accounting and Finance from the Alliance Manchester Business School. He has also completed the ACCA qualification.

Robert regularly attends and presents his research at various internationally peer-reviewed academic conferences in the area of banking and finance.

Robert has considerable experience as a practitioner having worked at the Central Bank of Malta, Jobsplus and a leading private travel organisation in Malta. Currently, he is a non-executive director of Malita Investments p.l.c. 
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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