The Board of Directors of GlobalCapital p.l.c. has appointed Mr Joseph R. Aquilina as interim Chairman of the Company, replacing Mr Dawood Rawat who has tendered his resignation from the office of Director and Chairman of the Company after serving on the Board of Directors of GlobalCapital since March 2003.

The company said Mr Aquilina brings a wealth of experience as a senior executive and Director of several companies. He was appointed Director at GlobalCapital p.l.c. in 2011 and has since served uninterruptedly as a member of the Board of Directors of the Company. During this time in office, Mr Aquilina served as Chairman and member of several Company Committees including the Remuneration Committee, the Investments Committee and the Risk Committee. 

Mr Aquilina also serves as Director on a number of the Group’s regulated subsidiaries, including GlobalCapital Life Insurance Limited and GlobalCapital Health Insurance Agency Ltd.

In a separate company announcement issued on the Malta Stock Exchange, the Company has also stated that the business and operations of the GlobalCapital Group are totally separate and distinct from those of any of its shareholders, including BAI Co. (Mtius) Ltd (BAI). The Company noted that the appointment of conservators of BAI does not relate to the business, operations or assets of the GlobalCapital Group.

GlobalCapital wishes to reassure all its customers that it remains at their disposal for any information they may require via telephone number 21342342 and email [email protected].