Michael Grech Financial Investment Services Ltd has announced the appointment of Stephen Muscat as its first non-executive chairman.

"We have invited Stephen Muscat to join our board of directors as we believe that as a past CEO and board director of a plc, he will share his know-how and blend with our culture and values of servicing private investors," managing director Michael Grech said.

"Michael Grech has been involved in the financial services industry for 28 years and has always kept high standards in service level and advice to his clients," Mr Muscat commented. "The strength of this company is its human resources and service driven culture."

The appointment of a non-executive chairman separate from the owner and managing director is the introduction of good corporate governance practice in a financial institution that is regulated by the MFSA.

Michael Grech Financial Investment Services has its main office in Victoria, Gozo and also has an office in Birkirkara. Michael Grech is a regular participant in investment-related programmes and is actively involved in various organisations having a direct bearing on the Gozitan economy.

Stephen Muscat is a certified public accountant managing his own finance, marketing, compliance and advisory services. As non-executive chairman he shall concentrate on the strategic issues facing Michael Grech Financial Investment Services plc.

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