In view of the expiry of Mr Hunkin's contract as CEO of the
Bank in November this year, the Board of Directors has identified
Mr Kenneth Farrugia as the successor to the role. This followed an
extensive process which has utilised national and international
channels in order to identify the executive with the best possible
fit to the requirements of the role at this stage.
In his capacity as CEO, Mr Farrugia will also sit on the
Bank's Board of Directors as an Executive Director. The
appointment of Mr Farrugia will become effective upon receipt of
regulatory approval.
Mr Farrugia has vast experience in the banking and financial
sectors. He joined Bank of Valletta in October 1985, and over the
past 37 years has occupied various senior positions across the
banking group. He currently holds the post of Chief Retail Banking
Officer. Mr Farrugia, a Harvard Business School Alumni, is
responsible for the Bank's personal and micro-business customer
segments, and the
