Arun Shankardass has joined the board of Global Capital as an independent non-executive director and member of the audit committee.
Mr Shankardass has been nominated to chair the audit committee and also nominated to the subsidiary board of GlobalCapital Life Insurance.
Mr Shankardass has extensive experience as a former senior executive of major multi-national insurance companies, including Aviva, Lex Service Group and IC Gas. Aviva plc is the world’s sixth largest insurance group and a Fortune 500 company.
GlobalCapital Group CEO Bashar Khatib said: “Our goal is to be the most valued insurer in Malta in our chosen markets by 2017 and to achieve this we need to deliver growth and innovation in our market-leading insurance propositions while maintaining profitability focus on more challenging areas of our portfolio.