Ray Ellul

The board of governors of the National Development and Social Fund (NDSF) has appointed Ray Ellul as CEO of the NDSF following a public call for applications.

Mr Ellul holds a BA (Hons) in banking and finance with First Class Honours from the University of Malta and an MBA from Henley Business School, University of Reading. Mr Ellul is also an Associate of the Chartered Institute of Bankers.

He joins NDSF after a career of 36 years with Bank of Valletta where he has held a number of senior management appointments, the most recent being those of head, Investment Strategy and Foreign Bank Relationships and head, Compliance, Advisory and Regulatory Services. Mr Ellul is also a visiting senior lecturer at the Faculty of Economics, Management and Accountancy at the University of Malta.

Reporting to the board of governors, Mr Ellul will be responsible for the direction and coordination of the day-to-day operations and financial affairs of the NDSF.

The National Development and Social Fund is a government agency established for the purpose of managing and administering 70 per cent of the contributions received from the Individual Investor Programme of Malta set up by virtue of the Malta Citizenship Act Cap.188.

The offices of the NDSF are in West Street Valletta.