Benjamin Muscat and Steve Carter have been appointed chairman and managing director of Ricasoli Properties Limited. The company is developing and promoting The Shoreline, the new landmark project set to be developed at SmartCity Malta.
With a long career in finance and management positions at senior executive levels, Mr Muscat’s experience spans various industry sectors. He has been involved in initiatives aimed at raising project specific funding via banking facilities, third party investment, private placements and issue of equity and debt instruments through retail offers subsequently listed on the Malta Stock Exchange.
Mr Muscat was the chief executive officer with MIDI plc for 12 years during which time he was a senior member of the development team in charge of the design and roll out of several phases within the mixed use development at Tigné Point.
Mr Carter, who graduated in management is a businessman with a career in real estate projects in Malta and in Italy. He also worked in various industry sectors and sits on boards of companies operating in the fields of IT, investments, aviation, marine, hospitality, education and health.
The Shoreline is a €200 million project offering 400-plus modern apartments with an interesting mix of sizes and view orientations, all with extensive terraces, built on top of a two floor 30-outlet shopping mall, with ample space for underground parking.
APS joins Malta Stock Exchange
APS Bank is the latest member of the Malta Stock Exchange, a status which gives the bank direct access to the MSE’s trading platforms as well as the ability to offer full-service brokerage.
During a brief ceremony MSE chairman Joseph Portelli welcomed the APS Bank delegation and spoke of the progress marking the MSE’s development in recent years.
APS Bank CEO Marcel Cassar thanked Mr Portelli and his team for their support throughout the membership process. Noting that the bank has been offering trading and intermediation services for a number of years, he added that membership “feels like a homecoming for a bank which was formed over a century ago to provide channels of savings and investment for the community”.
The event also included the traditional ringing of the Exchange bell and was followed by drinks hosted by the chairman.