Deo Scerri nominated to become Bank of Valletta chairman

Bank of Valletta has announced that the current chairman of the board of directors of BOV 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 16 December 2016.

The bank issued a company statement confirming a report published on the front page of MaltaToday Midweek on Wednesday.

The government has nominated Taddeo Scerri as chairman and Anita Mangion as director on the board of Bank of Valletta p.l.c. for a period of one year with effect from 16 December 2016, subject to regulatory approval.

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 16 December 2016, subject to regulatory approval.

Deo Scerri was appointed to the board of Bank of Valletta in April 2013. Scerri 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. A qualified accountant, Scerri was the managing partner of RSM Malta, the auditor of the Labour Party, until his retirement in end 2015.

Anita Mangion, an MBA post-graduate, is currently a board director at Malta Industrial Parks and heads business development of an IT company. Mangion started her professional career at the Malta Stock Exchange whilst reading a B.Sc (Business and Computing) and consequently at MFSA following the attainment of a B.Com Hons (Management).

During the last 14 years she has helped various organisations in different industries, mainly financial, ICT, telecommunications, manufacturing as well as government entities and NGOs develop their business, successfully build or re-structure their business processes and streamline their operations through strategic consultancy and ICT solution implementation.

Antonio 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). Piras was a director of Equitalia Centro S.p.A. (Florence). He also held various senior management positions at UniCredit Group.