Manfred Galdes has been appointed as the new Chairman of HSBC Bank Malta, succeeding John Bonello who announced his decision to retire, after 11 years of service, during the AGM held in April. The retirement of John Bonello from Chairman and Director of the Bank and the appointment of Manfred Galdes as Chairman are with effect from 23 April 2024.

Geoffrey Fichte, Executive Director and Chief Executive Officer of the Bank, said: “I would like to pay tribute to our Chairman, John Bonello, after 11 years of service, 5 years of which as Chairman. He has chaired our bank with unwavering commitment, dedication and integrity. For this we are grateful, and we wish him and his family well for the future. I am delighted to congratulate Manfred Galdes on his appointment, as the next Chairman of HSBC Bank Malta. Manfred has been a Non-Executive Director of the bank for nearly three years and already knows our business very well. The high regard with which he is held locally and across the HSBC Group makes him ideally placed to lead HSBC Bank Malta’s board for the coming years.”

John Bonello said: “It has been an honour for me to serve on a board of a subsidiary of a great international bank that is HSBC. I am grateful for the ongoing support I have received from my colleagues on the board, the executives and bank employees in whichever role. I have met with only professionalism and dedication in a very respectful working environment. I know that Manfred Galdes will lead the board of the bank with enthusiasm and integrity. I wish him and this bank every success. I will look back at this chapter with fond memories.”

Manfred Galdes said: “I am deeply honoured by the trust that has been placed in me to lead the board of HSBC Bank Malta. While expressing my sincere gratitude to John Bonello who has been a truly inspirational figure for this bank and its people, I look forward to working with my fellow directors and the bank's executive team to continue to improve the bank's offering to better serve our customers.”