Toly Products, which manufactures luxury packaging for the beauty industry, has appointed Nick Xuereb as chief financial officer. In addition, Mr Xuereb will take up a seat on the executive management team.
Mr Xuereb started his career with Price Waterhouse in 1988, eventually moving into industry where he spearheaded the finance function at Dowty (Trelleborg). During this time he was also appointed non-executive chairman of the Lotteries & Gaming Authority, doubling the size of this industry within five years. More recently, he undertook a major restructuring exercise within the airline industry as CFO of Air Malta.
6PM targets Scottish market
Kim Rose has been appointed to head 6PM’s business development unit for the Scottish market.
6PM chief executive office Ivan Bartolo said there were already good contacts made which were expected to start bearing fruit in the third quarter of the fiscal year.
The intention is to set up 6PM Scotland in due course, with 6PM retaining 70 per cent of the equity and 30 per cent allocated to local partners who would manage the business on a day-to-day basis.
New partner at Fenech & Fenech
Josianne Brimmer has been made a partner at Fenech & Fenech Advocates. Dr Brimmer started her career with Fenech & Fenech Advocates in 2001, working principally in the international practice and financial services department of the firm, involved in privatisation and restructuring deals, advising overseas financial services institutions on the local regulatory framework, as well as being on the legal advisory team of the firm for Air Malta. In 2007, she moved to Tell Investments, a hedge fund manager with offices in Malta, London and Switzerland. When Tell wound up its operations in 2012, Dr Brimmer joined Z Investment Partners Malta, where she stayed until May 2014, before rejoining Fenech & Fenech Advocates.
Representative of Russian chamber
Anastasia Budykho, the executive director of U-Group (Malta) Ltd, has been appointed as Malta’s representative for the Russian Chamber of Commerce and Industry. “The presence of the CCI in Malta augurs well for the enhancement of business between Russia and Malta,” Ms Budykho said.
The Chamber of Commerce and Industry of the Russian Federation promotes the growth of the Russian economy and its integration into the world economic system and provides favourable conditions for the advancement of all business sectors.
One of its objectives is to foster good business practices and encourage business growth and represents the interests of small, medium and big business and encompasses all business sectors – manufacturing, domestic and foreign trade, agriculture, the finance system and services.
CEO for Global Capital
Reuben Zammit has taken over as CEO at Global Capital, replacing Bashar Khatib.
Mr Zammit was formerly the chief financial officer at Global Capital. He will also be responsible for the operating subsidiaries, Global Capital Life Insurance, Global Capital Health Insurance and Global Capital Financial Management.