Former partners from KPMG and EY have stepped into vacant non-executive director posts at Global Capital.

Mario Galea was the managing partner and chairman of Ernst & Young Malta until he retired in 2012.

Joseph Schembri, who was a former senior partner at KPMG, will also act as the chairman of the company’s audit committee.

The chairman and directors appointed by the Mauritius-based majority shareholder of Global Capital stepped down recently following an alleged Ponzi scheme involving a subsidiary.

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