Andrew Manduca has been confirmed as the president of the Institute of Financial Services Practitioners at the IFSP's annual general meeting.

Also confirmed were the Institute's vice-president, Chris Naudi, secretary Austin Sammut and treasurer Lino Buttigieg. Juanita Bencini, Rosanne Bonnici, Juanita Brockdorff, Jean-Philippe Chetcuti, Chris Curmi, Austin Demajo, Tonio Ellul, Adrian Gabarretta, Kevin Valenzia and Diane Vella Bianco were also returned to council, while Laragh Cassar and Pierre Galea Musu were elected for their very first term on the IFSP governing body.

In his report to members, Mr Manduca thanked all the members who contributed valuable work and time to the IFSP. "Without their efforts, we would have achieved nothing," he said.

"Make no mistake about this: the robust development of the financial services sector owes no small debt to the world class legal and regulatory infrastructure laid down by successive governments of Malta, but is mostly due to the quality of service provided by practitioners," Mr Manduca added.

The IFSP actively contributes to the continued development of the financial services industry, providing input and feedback to the regulatory and legislative processes and protecting the professional and business interests of its members. The institute, now in its 21st year, continues to grow with a membership of close to 300 practitioners from all the professions that make up financial services.