The Malta Stock Exchange will have a new general manager in place by September - five months after his appointment was approved. 

Economy Minister Chris Cardona made the announcement in reply to parliamentary questions by Nationalist Party MP Kristy Debono. 

Mr Sammut is expected to take up his new MSE role in September. Photo: LinkedInMr Sammut is expected to take up his new MSE role in September. Photo: LinkedIn

Dr Cardona said the decision to reintroduce a general manager grade at the MSE after a 25 year absence came about due to new, increased requirements by the EU as well as changes in IT management.

The new general manager is expected to be Alfred Sammut, a 17-year MSE veteran whose previous roles have included leading the stock exchange's human resources and corporate service departments.

Dr Cardona said the five month delay was due to the need for a transition period, given that the general manager role would also incorporate Mr Sammut's existing responsibilities as part of the job description.

 

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