Global Capital plc, the insurance and financial services company, has seen its pre-tax earnings nearly double to €4.6 million in 2017 from €2.8 million the previous year.

The results showed the group’s assets leap by 12.3 per cent to €127.1 million in 2017 compared to €113.1 million the previous year. Shareholder funds also increased by 19 per cent, while the group’s net asset value at the end of 2017 stood at €18 million, compared to €15.1m in 2016.

“The company is investing in technology and human resources and has just engaged a dynamic team at an executive management level who possess a successful international track record to continue growing the business,” chairman Paolo Catalfamo said.

The newly appointed Group Chief Financial Officer is Teuta Oruci-Bakalli, who has over 20 years’ experience in regulated financial markets covering investment banking, insurance, asset management and fintech. Among others, Ms Oruci-Bakalli previously covered the top financial positions in Europe for Willis, Vanguard and Worldpay.

As Group Chief Operating Officer, the company has appointed Pablo Perez-Fernandez. Dr Fernandez holds a PhD in applied mathematics from the University of California in Los Angeles and has wide experience in financial technology and quantitative portfolio management.

Meanwhile, George Onete, the newly appointed Group Chief Technology Officer, will be responsible for the implementation of the new and existing technologies at Global Capital.

Subject to regulatory approval, Ms Oruci-Bakalli, Dr Fernandes-Perez and Mr Onete will respectively act as Chief Finance Officer, Chief Operations Officer and Chief Technology Officer of the group’s regulated subsidiaries Global Capital Life Insurance Ltd, Global Capital Health Insurance Agency Ltd and Global Capital Financial Management Ltd.