Ex-PricewaterhouseCoopers partner Frederick Mifsud Bonnici was made chairman of Bank of Valletta yesterday .
Mr Mifsud Bonnici, who has vast financial service experience, recently retired as head of assurance at PwC.
Since 1982, the senior lecturer at the University of Malta has been an elected member on the Council of the Malta Institute of Accountants.
Finance Minister Tonio Fenech expressed confidence in Mr Mifsud Bonnici and said the government’s announcement follows regulatory clearance required by the Malta Financial Services Authority.