Joseph Cuschieri appointed as MFSA CEO
The Malta Financial Service Authority Board of Governors has appointed Joseph Cuschieri as the new Chief Executive Officer of the Authority with effect from 24 April 2018. He shall also sit on the Board of Governors of the Authority, the MFSA said yesterday.
This is the first time in its history that the MFSA will have a Chief Executive Officer and a non-executive Chairman following amendments to the MFSA Act announced by Government last year. The new structure which is in line with other European financial services regulators (e.g. Financial Conduct Authority in the UK) was implemented following a consultation with the European Central Bank.
In his new role as Chief Executive Officer of the MFSA, Cuschieri shall be responsible for the overall management and performance of the Authority, strategy development/implementation including reforms in the financial services sector.
A Certified Public Accountant by profession and a fellow member of the Malta Institute of Accountants, Cuschieri is specialised in management accounting, corporate finance, economic regulation and general/business management. He also holds a Masters Degree in Business Administration from Henley Management College, UK and an Advanced Diploma in Management Accounting from the Chartered Institute of Management Accountants (CIMA), UK.
Throughout his professional career spanning 25 years, he held various finance related roles, senior executive positions and directorships within the private and public sector amongst which Head of Corporate Affairs and then Chief Commercial Officer at Vodafone Malta, Chief Operating Officer at the Malta Communications Authority, senior consultant with EY and prior to joining the MFSA he held the position of Chairman and CEO at the Malta Gaming Authority since November 2013.
Cuschieri is also a member of the Blockchain task force where he was involved in the development of a new regulatory framework for virtual currencies and distributed ledger technology.
The new Board of Governors of the MFSA shall now be composed as follows: John Mamo, Chairman; Joseph Cuschieri – CEO; members Mario Borg, Joseph Brincat, Frans Camilleri, John Consiglio, Lauren Ellul, Andre Psaila, Mario Vella, Herbert Zammit Laferla.