The Malta Independent on Sunday
New chairman for APS Bank
APS Bank appointed Frederick Mifsud Bonnici as the new non-executive chairman at the annual general meeting held last month. He succeeds Emmanuel P. Delia, who has retired after 18 years at the helm. At the same general meeting, Joseph C. Caruana also retired as Director.
A Fellow of the Institute of Chartered Accountants (England & Wales), Mifsud Bonnici’s career spans over 42 years, mostly as a Partner with PricewaterhouseCoopers from where he retired in 2011 as Assurance Leader. He has served as non-executive chairman of Bank of Valletta PLC, Mapfre MSV Life and more recently as a non-executive director and Chair of the Audit Committee of Medbank Group Limited and its subsidiary Mediterranean Bank PLC. He was also chairman of the Malta Stock Exchange and president of the Malta Institute of Accountants, on which Council he sat for over 32 years. Other board positions held include Malita Investments PLC and Malta Freeport Corporation Limited. He retains the position of nonexecutive chairman of Blevins Franks Trustees Limited. Mifsud Bonnici is also a member of the S.M.O.M.
The bank paid tribute to the unstinted dedication and commitment of Chairman Delia. His vision guided the bank’s strategy and serves as a solid platform for its future growth. The important contribution of Caruana, a seasoned and experienced banker of many years’ standing, was also acknowledged. The Shareholders and Board of Directors wished Messrs Delia and Caruana the very best for the future.
The annual general meeting also approved the appointment of Deloitte Audit Malta as the bank’s new auditors. Appreciation was expressed to outgoing auditors EY Malta, for their long years of diligent service to the shareholders of the bank.