New president of Institute of Financial Services Practitioners

Andrew Manduca was elected president of the Institute of Financial Services Practitioners during the organisation's AGM held recently.

Chris Naudi was elected vice-president, Austin Sammut honorary secretary, and Lino Buttigieg treasurer. The other council members elected were Ruth Agius Scicluna Buttigieg, Juanita Bencini, Rosanne Bonnici, Juanita Brockdorff, Jean-Philippe Chetcuti, Chris Curmi, Austin Demajo, Tonio Ellul, Adrian Gabaretta, Michael Scerri, Kevin Valenzia and Diane Vella Bianco.

Mr Manduca presented the council report for 2008/2009 on behalf of outgoing president Kevin Valenzia, who was unavoidably absent. He reported that the institute's sub-committees on education, tax, trusts, prevention of money laundering and funding of terrorism and marketing and promotion had met on several occasions and worked hard to attain the institute's objectives. The IFSP has also witnessed a substantial increase in membership and currently has 265 members.

The institute has maintained an ongoing discussion with the MFSA, the Inland Revenue Department and the Ministry of Finance.

The IFSP has been at work in the financial services sector for the past 20 years. Its main aim is the further development of the financial services industry in Malta. It seeks to provide a forum for open debate and discussion which serves as an important vehicle for better cohesion among practitioners, particularly in the present environment.

For further information regarding IFSP membership or any forthcoming events, one may access the IFSP's website on www.ifsp.org.mt or contact the Institute of Financial Services Practitioners on 2569 6313 or by e-mail info@ifsp.org.mt.