APS Bank appoints new CEO

The Board of Directors of APS Bank appointed Marcel Cassar as Chief Executive Officer (CEO) with effect from 1st January 2016. Cassar, who has already joined the Bank, succeeds Edward Cachia who will retire in early 2016.

Throughout his career, Cassar held a number of senior positions, the most recent being as First Executive Vice President and Chief Financial Officer with FIMBank plc, the Malta-based international trade finance group. He previously held senior executive roles with Lombard Bank Malta plc (1996-2004), the Malta Financial Services Authority (1991-1996) and Price Waterhouse (1987-1991).

While wishing Cassar success in his new position, the Board further expressed its sincere thanks and appreciation to Cachia for his long years of dedicated service to the Bank, the last 18 of which in the position of CEO.