BoV appoints new chief officer

Charles Borg has been appointed chief officer, Financial Markets and Investments, of Bank of Valletta plc with effect from August 17. He takes over from Tony Camilleri, who has retired. The required regulatory procedures in respect of this appointment are in course.

The business areas that will fall under the responsibility of Mr Borg in his new role include the bank's Treasury Operations, Investment and Performance Management, Investment Banking and Custody, Fund Management and Administration, and Personal Wealth Management. As a chief officer, Mr Borg will also be a member of the bank's Executive Committee.

BoV's chief executive officer Tonio Depasquale welcomed Mr Borg to the senior executive management team of Bank of Valletta. "We are sure that, backed by his extensive knowledge and experience, Charles will spearhead the further development of Financial Markets and Investments as a major business area for the BoV Group.

"We extend our congratulations and wish Charles all the very best in his new role." Mr Depasquale also thanked Mr Camilleri for the most valid contribution he has given towards the successes registered by BoV in past years.

Mr Borg joined the bank in 1981 and held a number of key senior executive positions within the organisation. He was a key player in the setting up of Valletta Fund Management in 1995 and served as its general manager between October 1999 and January 2005.

Mr Borg served as president of the Institute of Financial Services (Malta) between 2000 and 2004.

For the past three years, Mr Borg occupied the post of executive head at the CEO's Office and was secretary to the bank's executive committee.

During this period, he led the broad-based, externally focused, strategic review highlighting new business opportunities for the BoV Group to enable it to take full advantage of Malta's rapid development as a financial centre.