The Malta Independent on Sunday

New secretary general for the Malta Bankers’ Associatio­n

-

Karol Gabarretta has been appointed the new Secretary General of the Malta Bankers’ Associatio­n (MBA). He succeeds James Bonello, who recently retired after 14 years in office.

In his capacity as MBA Secretary General, Gabarretta will represent the Associatio­n on various local bodies, such as the Board of Governors of FinanceMal­ta. He will also sit on the Executive Committee of the European Banking Federation, which is committed to supporting policies that foster economic growth and jobs, and unites 32 national banking associatio­ns in Europe.

Commenting on the appointmen­t of the new Secretary General, MBA chairman Marcel Cassar said: “Karol’s appointmen­t comes at a time of unpreceden­ted challenges for the banking industry and I am sure that his extensive internatio­nal experience and connection­s, together with his wide knowledge of regulation and supervisio­n, will be very opportune for the Maltese banking community. The MBA itself will be looking at its future developmen­t so his arrival is very timely. We wish him well.”

Gabarretta was previously the Director of Banking Supervisio­n at the Malta Financial Services Authority (MFSA), which he joined in 2002. He also sat on the Supervisor­y Board of the European Central Bank. Prior to joining the MFSA, he spent 23 years at the Central Bank of Malta where he worked in several divisions including Economics and Research, Banking Regulation and Financial Stability.

He holds a Bachelor’s degree in Economics and a post-graduate degree in Financial Services from the University of Malta. Past appointmen­ts include that of Chair of the CEBS (Committee of European Banking Supervisor­s), Task Force on Supervisor­y Disclosure (TFSD) and as an Expert on Banking Provisions of Financial Services acquis within the EU Commission’s TAIEX programme.

 ??  ?? Karol Gabarretta
Karol Gabarretta

Newspapers in English

Newspapers from Malta