Audit and advisory firm Mazars Malta has taken steps to reinforce its management team through the engagement of Enrico Federici as business development manager, while Michael Falzon will take over as the firm’s new human resources manager.

Mr Federici comes to Mazars following a five-year stint in business development at Malta Enterprise, prior to which he was following a career in sales, customer management and corporate affairs in Rome. Mr Falzon, on the other hand, boasts a long career in HR, corporate services and administration, including stints at Banif Bank, AX Holdings, Global Capital and Mid-Med Bank. Prior to joining Mazars Malta, Mr Falzon was working as a freelance consultant in the areas of HR, quality management and health and safety.

Dorelanbed Concept Store launched

Oxford House Ltd has launched the new Dorelanbed Concept Store in Notabile Road, Mrieħel, close to the Oxford House building. The 300 square metre designer showroom showcases an array of 100 per cent ‘Made in Italy’ products that range from beds, pillows and mattresses to bed linen.

Dorelanbed was founded in 1968 in Forlì by Pietro Paolo Bergamaschi and Diano Tura. It specialises in the production of mattresses, pillows, headboards, bed bases and linen that are widely used for domestic, hospitality and even naval use.

Marco Galea, managing director at Oxford House, said that thanks to the opening of this new concept store, the company would now be able to draw its clients towards the Dorelanbed brand philosophy of ensuring quality of sleep. This is not only through acquiring a bed or mattress, but in keeping in mind the complete ambience and comfort of your bedroom.

IIG Bank (Malta) Ltd profits rise

IIG Bank continued to grow its presence internationally despite the fact that during 2015, energy and related products hit 10-year lows and as a consequence there was a general slowdown in global commodity trade, primarily affected by the slowdown in China and the lower purchasing capacity of oil driven economies.

The bank generated a profit for the year before tax of $6,543,793, up from $2,838,714 in 2014. During 2015, net interest income increased to $5,083,909 and net fee and commission income to $556,185, a total net increase of 62 per cent over the previous year.