Bank of Valletta p.l.c. hereby announces that the Board of Directors has resolved to appoint Rick David Hunkin as BOV’s Chief Executive Officer with effect from 1 January 2020. In his capacity as CEO, Mr Hunkin will also sit on the Bank’s Board of Directors as an Executive Director.  His appointment is subject to regulatory approval.

Hunkin, the first BOV CEO to be appointed from outside the Bank’s ranks, will succeed Mario Mallia following his retirement from the Bank on the 31 December 2019.

Mallia had earlier this year informed the Bank’s Board of Directors that he will not be seeking renewal for a further term.

Hunkin has wide ranging experience in international, retail and the corporate banking sector, having worked with major banks in the UK and overseas over the last 40 years.  Mr Hunkin has extensive expertise in retail banking, mortgages and savings, risk management, change programmes and corporate governance infrastructure. 

Prior to joining the Bank, Hunkin was the Chief Risk Officer of Chetwood Financial. 

He also occupied senior management positions at GE Money, Northern Rock, Tesco Bank, Williams & Glyn (Royal Bank of Scotland) and Provident Financial.