Victor Rizzo Giusti has been appointed general manager of Volksbank Malta Ltd, the first time that the bank – a subsidiary of Österreichische Volksbanken AG in Vienna, Austria – has filled such a post with a Maltese banker.

Managing director Herbert Skok said after the announcement: “This appointment is another major step in our restructuring process. I am sure that the combination of unconditional support from our Austrian shareholder, plus the local knowledge and expertise of our top management, makes Volksbank an ideal and excellent partner in the business community. We can now truly say that we are a Maltese bank with an Austrian background.”

Mr Rizzo Giusti has over 32 years of experience in the financial sector. He has occupied various managerial posts in both retail and international banking, is a member of the committee of IFS Malta (Institute of Financial Services) and has lectured for the institute for a number of years.

Commenting on his appointment, Mr Rizzo Giusti said: “My vision is that Volksbank Malta will find its niche in the market and will continue to exceed customers’ expectations while at the same time giving adequate return to its shareholder. This will only be possible thanks to the dedication and effort of our human resources, from whom I know I have full support.”