APS Bank continues to strengthen its senior management team with the appointment of two heads for the Asset-Liability Management and Compliance functions respectively.
Marvin Farrugia, the new Head of Asset-Liability Management, joined APS Bank in 2005 as senior manager Treasury after a career at the Central Bank of Malta. He has held various roles in Wealth Management, Treasury and Asset Liability Management. Marvin holds a Master of Science in Finance from the University of Leicester and is a Certified Public Accountant.
Joseph Farrugia, the new head of Compliance, joined the bank in 2016 as senior Compliance officer after a 34-year banking career, the last 13 of which in senior Compliance positions at HSBC Bank Malta plc. He holds a Diploma from the Chartered Insurance Institute and a Diploma in Financial Services Operations and Compliance.
Appointments for two newly-created positions in the Risk and Asset-Liability Management departments have also been announced. Rodney Naudi, the new Business Continuity and Cyber Risk manager, graduated in Mathematics and Computing from the University of Malta and successfully pursed a Master's Degree in Advanced Software Engineering from the University of Sheffield. His career spans over 20 years, most of which spent at MITA heading the department of Information Security. He is also a visiting senior lecturer at the University of Malta.
Matthew Sammut, the new Syndicated Loans manager, who is also a qualified Chartered Financial Analyst (CFA), obtained a B.B.A. in Finance from Baruch College and a B.Sc. in Architecture from Cuny City Tech College in America. He subsequently held positions as a credit analyst with Sumitomo Mitsui Banking Corporation and BNP Paribas in New York with experience covering commodity trade finance, high yield lending and investment grade corporates.
"We see the appointments of Marvin, Joseph, Rodney and Matthew as further milestones in the strengthening of our organisation. They bring talent and experience to their respective areas and we are confident of their contribution to the bank's development," said Marcel Cassar, APS Bank's CEO.