Bank of Valletta yesterday announced that its strategic management is being given a more coherent structure with the setting up of a dedicated unit to be headed by one of its senior staff members, chief officer Joseph Camilleri.

The Strategy and Process Management Department will be responsible for the execution of the strategies approved by the board of directors as well as their periodic updating for the purpose of ascertaining efficient and effective business processes.

“The department will provide a crucial link between the strategies outlined by the board and their implementation by the Bank’s team of executives. Mr Camilleri’s broad experience with the bank – particularly his time in IT, human resources and wealth management – will enable him to take a macro view of all the bank’s processes and ensure that these reflect the bank’s commitment to innovation and customer-centricity,” chairman John Cassar White said.

Mr Camilleri’s current role as chief officer for human resources will be assumed by Anthony Scicluna, who has been serving as the chief officer for group internal audit.

In turn, the internal audit function of the group will be headed by executive head Moira Falzon.