Mediterranean Bank appoints CFO
Mediterranean Bank has appointed Edward Jaccarini as chief financial officer. Prior to joining Mediterranean Bank, Mr Jaccarini held positions as CFO for National Bank of Dubai - Investment Bank and for an equities derivatives boutique investment bank,...
Mediterranean Bank has appointed Edward Jaccarini as chief financial officer. Prior to joining Mediterranean Bank, Mr Jaccarini held positions as CFO for National Bank of Dubai - Investment Bank and for an equities derivatives boutique investment bank, Diwan Capital Ltd. Both entities were based in Dubai and regulated by the Dubai Financial Services Authority.
Before moving to Dubai, he was the finance officer for Bank of America Securities Ltd, a London based bank, and the Finance Director for 30 other Bank of America subsidiaries.
Previously, he headed the regulatory reporting department for the Bank of America EMEA region.
Earlier roles included financial controller at Credit Suisse Securities Ltd, as well as positions within the internal audit departments at the London offices of Credit Suisse and The Bank of New York.
For three years, he served as SVP, responsible for accounting policies and control, at Riyad Bank, Saudi Arabia.
Mr Jaccarini is a chartered accountant and obtained an MBA from City University, London. He is also a qualified member of the Association of Corporate Treasurers.
"He joins a highly experienced and specialised team of local banking professionals heading the Bank's growth, led by CEO Mark Watson. The team brings together the best in international expertise and local banking tradition, offering euro term deposit accounts, savings accounts and wealth management products," the bank said in a statement.
Mediterranean Bank is regulated by the MFSA and operates under the depositor compensation scheme established under the laws of Malta, which guarantees deposits up to €100,000 per person.
Mediterranean Bank plc is licensed by the MFSA under the Banking Act (1994).