Corporate Governance
The Memorandum & Articles of Association of Malita Investments p.l.c. allows for the company to be run by an autonomous board of 7 directors such that 5 directors will be appointed by the Government of Malta and 2 by the public shareholders.
Malita Investments p.l.c. is currently managed by a Board of Directors consisting of six non-executive members, which is entrusted with the overall direction, administration and management of the company. The responsibility of the Directors is a collective one, although within the structure of a unitary board, the main functions of the Directors are in practice complementary.
Dr Johan Farrugia, based in Malta, is currently a Commercial Lawyer at Peak Point Advisory, bringing experience from previous roles at DF Advocates and Malta Financial Services Authority. With a robust skill set that includes Research, Legal Research, Microsoft Office, Outlook, Microsoft Excel and more, Johan Farrugia contributes valuable insights to the industry.
Dr Robert Suban is the head of the Department of Banking and Finance of the University of Malta. He holds a bachelor in business administration, a masters degree in European economic Studies, and a Ph.D. in accounting & finance from the Alliance Manchester Business School. Dr Suban has also completed the ACCA qualification. Dr Suban regularly attends and presents his research at various internationally peer-reviewed academic conferences in the area of finance. He has considerable experience as a practitioner having worked at the Central Bank of Malta, Jobsplus and a leading private travel organisation. Dr Suban also held the position as a non-executive director of Mapfre Middlesea p.l.c. (C 5553) and is currently a non-executive director and Chair of the Risk Committee of Bank of Valletta p.l.c. (C 2833).
Dr Desiree Cassar is a corporate and tax lawyer at DC-Advocates. Dr Cassar’s experience in advising local and internal clients across a variety of key industry sectors, predominantly in financial services, spans more than twenty years. She also provides legal advice to Maltese listed and regulated entities of which she also acts as company secretary. Dr Cassar graduated as a lawyer from the University of Malta in 2003 and was admitted to the Maltese Bar, Superior Courts of Malta in 2004. Dr Cassar then moved on to work as a tax and corporate lawyer at PricewaterhouseCoopers in Malta, where she was also assigned to work in the private wealth department of PricewaterhouseCoopers in the Netherlands. Dr Cassar has delivered presentations at a number of seminars and conferences in Malta and overseas. Dr Cassar was appointed member of the Board of the Malta Further and Higher Education Authority and secretary of the Malta Financial Services Advisory Council. Dr Cassar is a member of the Chamber of Advocates and the Institute of Financial Services Practitioners.
Victor Carachi is the president of the General Workers’ Union (GWU), a role which he has occupied since March 2008, following a long career in the banking sector that began with Mid-Med Bank (now HSBC Bank (Malta) p.l.c. (C 3177) in 1978. During his banking career, Mr Carachi held various managerial posts in the ICT division and was later appointed head of the operational risk department within HSBC Bank (Malta) p.l.c. (C 3177). Mr Carachi holds various directorship roles with a number of local private companies and government entities including Malta Enterprise and the Occupational Health & Safety Authority. Mr Carachi is a chartered IT professional having obtained his qualification from the British Computer Society. Mr Carachi also holds a master’s degree in business administration (MBA) from the UK based Henley Business College and Brunel University.
Tania Brown has held various senior positions in the private sector, primarily in the telecommunications and information technology sectors with Datastream, GO p.l.c. and FGL Information Technologies Ltd, before moving to the public sector and leading the Ministry for Finance’s secretariat, followed by advisory positions with the Ministry for Tourism and the Office of the Prime Minister. Ms Brown has been engaged in senior roles at Identity Malta, and currently holds the position of Chief Policy and Strategy Officer. She has served as a director of the national airline, Air Malta p.l.c. (C 2685) and currently serves as a director of Automated Revenue Management Systems Ltd (C 46054). Ms Brown has read economics and management at the London School of Economics and holds a Master of Science in Business and Management from the University of Essex. Ms Brown is also certified in ITIL.
Miguel Borg advises clients operating in different economic sectors on risk management, sustainability, ESG and financial services regulation. Mr Borg acts as non-executive director in various companies and lectures at the University of Malta. Mr Borg served as the Chief Risk Officer and an executive director of Bank of Valletta p.l.c. (C 2833). He also served as a director in several other companies including BOV Fund Services Limited (C 39623), BOV Asset Management Limited (C18603) and Media Centre Limited (C 42258). He also acted as Chairman of the Central Cooperative Fund. Prior to joining Bank of Valletta p.l.c., Mr Borg worked at the Central Bank of Malta. Mr Borg holds a masters degree in economics from the University of Malta and is a member of a number of international risk management associations.
Jennifer Falzon is a certified accountant by profession and holds a Bachelor of Arts in Accountancy and Management from the University of Malta. Ms Falzon has also completed the ACCA qualification. Ms Falzon began her work experience with GO plc (C 22334) where she worked as an accountant for over five years before joining the Company wherein she has occupied the roles of accounts manager, and Chief Financial Officer. Ms Falzon also serves as a member on the Board of the Malta Tourism Authority.
Perit Desira is an Architect & Civil Engineer by profession, graduating with Honours in Structural Engineering Stream (2009) and later with a Master in Business Administration at distinction level from the University of Derby. Perit Desira has over 15 years of experience in the construction industry and has successfully held a senior position in relation to Project Green within the Projects Department. She also has extensive experience in leading projects with contractors and other public authorities and has led various major projects utilizing both local and EU funds, including residential and infrastructural developments, national parks, and industrial plants. Her expertise in project development ranges from concept design to feasibility studies, design development and permitting, procurement, project implementation and commissioning.
Michele Abela is a certified public accountant by profession and holds a Masters in Accountancy, and a Bachelor of Commerce in Accountancy and Economics from the University of Malta. Mr Abela is an experienced accountant with a strong background in accounting, corporate finance, internal audit and EU funding.