The Board of Governors of the Malta Financial Services Authority (MFSA) has announced that it has appointed Kenneth Farrugia as its new Chief Executive Officer (CEO), with effect from 12 April, 2023.
The MFSA Board stated that in its deliberations it took note of the several changes in the leadership of the Authority that took place over the last years, and acknowledged that these were not beneficial for the Authority. The Board agreed that the appointment of the right person to lead the Authority over the coming years was now a matter of urgency. The Board acknowledged also that the previous open and international call for applications for the position of CEO had not benefited the Authority to the desired extent, and agreed that a public call for applications for the post of CEO would not be in the best interests of the Authority at this point in time.
The Board concluded that Kenneth Farrugia has the required skills with proven leadership to provide…
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