Mediterranean Bank re-launched

The newly acquired Mediterranean Bank was officially relaunched yesterday at a reception held at St. John’s Cavalier, Embassy of the Sovereign Order of St. John, in Valetta.

Mediterranean Bank was acquired in July by AnaCap Financial Partners, the European private equity firm that specialises in the financial services sector. It has already announced plans to expand the bank's private wealth management operations.

Francis J. Vassallo a former Governor of the Central Bank of Malta was appointed chairman and Mark Watson a former co-head of Global Credit Markets of Citigroup became the CEO.

Since acquiring the bank AnaCap has started on the process of improving the bank’s operational performance, building up its capabilities in analytics, information and risk management and adding to its capital.

Mediterranean Bank is located in St. Barbara Bastion, Valletta. www.medbank.com.mt