Bank of Valletta p.l.c. announced that the Board of Directors has resolved to appoint Mario Mallia as Chief Executive Officer with effect from 1 January 2016.
Mario Mallia succeeds Charles Borg, who will retire from the Bank on the 31 December 2015 following the expiry of his contract and his application to take up early retirement. Mario Mallia joined Bank of Valletta in September 1979. He has been a member of the Bank's Management Board since 2005, during which time he has occupied the posts of Chief Finance Officer, Chief Risk Officer and Chief Operations Officer.