Mediterranean Bank Network News

Nominations to Board of Directors at Bank of Valletta

Bank of Valletta, Malta

Wednesday, 02 November 2016

BOV announces that the current chairman of the board of directors of Bank of Valletta p.l.c. John Cassar White has informed the Government of Malta, as the main shareholder of the bank, that he will not continue to serve on the board after his term expires at the next Annual General Meeting of the bank that will be held on 16th December 2016. 

In accordance with the terms of the bank’s Memorandum and Articles of Association, the government has nominated Mr Taddeo Scerri as chairman and Ms Anita Mangion as director on the board of Bank of Valletta p.l.c. for a period of one year with effect from 16th December 2016, subject to regulatory approval. 

Mr Antonio Piras has been nominated by UniCredit S.p.A. to serve as its representative on the board of directors of the bank with effect from 16th December 2016 subject to regulatory approval. 

Mr Taddeo Scerri was appointed to the board of Bank of Valletta in April 2013.  Mr Scerri currently chairs the bank’s Audit Committee and is a member of the bank’s Remuneration Committee and of the bank’s Asset and Liability Committee. 

Ms Anita Mangion, Exec. MBA (eBusiness) post-graduate, is currently a board director at Malta Industrial Parks and heads the Business Development of an IT company. . 

Mr Piras occupies the role of Vice Chairman of Iacobucci Aerospace HF S.p.A.  Until recently he was Vice Chairman of Eurofidi Soc. Consortile Garanzia Fidi s.c.a.r.l. (Turin).  Mr Piras was a director of Equitalia Centro S.p.A.  (Florence). He also held various senior management positions at UniCredit Group. 

There is no matter concerning Mr Scerri, Ms Mangion and Mr Piras which requires disclosure under Listing Rule 5.20.5 to Listing Rule 5.20.9 

Member banks
  • The Bank of Valletta Group is a leading financial services provider in Malta, providing retail banking, investment banking, private banking, fund management, bancassurance, stockbroking and trustee services.

  • Spain’s fourth largest private banking group, covering all areas of the financial business sector under a common denominator: professional performance and quality.

  • One of the leading banks in the Kingdom of Jordan. A bank that has distinctly adapted continuous development and improvement schemes in all of its activities.

  • BPCE Banques Populaires network has 8,500,000 clients and customers (including 3,900,000 members), more than 3,338 branches, and is part of the second largest French banking group – the BPCE Group.

  • With the largest network of banking, the Banque Populaire Group is the leading banking network in Morocco .By the end December 2012, its network was 1145 branches and over 1323 ATMs.