APS Bank’s board of directors has appointed Marcel Cassar as chief executive officer (CEO) with effect from January 1. Mr Cassar, who has already joined the bank, succeeds Edward Cachia who will retire early this year.
Throughout his career, Mr Cassar held a number of senior positions, the most recent being as first executive vice president and chief financial officer with Fimbank plc, the Malta-based international trade finance group. He previously held senior executive roles with Lombard Bank Malta plc (1996-2004), the Malta Financial Services Authority (1991-1996) and Price Waterhouse (1987-1991).
While wishing Mr Cassar success in his new position, the board further expressed its sincere thanks and appreciation to Mr Cachia for his long years of dedicated service to the bank, the last 18 of which were as CEO.