Senior management appointments at BoV

Bank of Valletta’s board of directors recently appointed Tonio Depas­quale as chief executive officer.

Michael Galea was also appointed chief officer, Operations, and member of the executive committee after Igino Xuereb, who retired this month after 41 years of service.

Albert Frendo is chief officer, Credit, and member of the executive committee, succeeding John Soler, who will retire in December after 42 years of service.

Mr Depasquale expressed his gratitude and appreciation to the board for its full support. He welcomed the new chief officers to the senior executive management team of BoV, saying he was sure they would inject energy, experience and commitment into the organisation.

Mr Galea joined the bank in 1987 and has since held a series of senior management positions within the group. In 2008, he was appointed executive head responsible for cards business.

He served as PR and communications officer and was also the bank’s spokesperson. He was head of marketing, communication and quality, with responsibilities ranging from brand management to corporate reputation, internal and external communication, and the development of the bank’s corporate responsibility programme.

Mr Galea is a graduate in business management and has read for Master’s degrees in European Studies and Integrated Marketing Communications at the University of Malta. He is also an Associate of the Trinity College of London.

Mr Frendo has been employed with BoV since 1984, except for a two-year stint in the private sector. Since 2008, he held the post of executive head, Risk Management, responsible for the management of financial and non-financial risk within the group.

An accountant by profession, Mr Frendo holds a Master’s in Business Administration, specialising in management consulting.