John Bonello has been appointed the chairman of HSBC Bank Malta, replacing Sonny Portelli who had indicated that he wanted to step down after 12 years.
Mr Bonello was appointed as non-executive director of the Bank in July 2013 and is presently chairman of the bank’s Audit Committee and member of the bank’s Risk Committee.
He was formerly the chairman and senior partner of PricewaterhouseCoopers
in Malta from where he retired in December 2009.
Mr Bonello’s appointment will become effective upon approval by the regulator.
Andrew Beane, executive director and CEO said: “Sonny has chaired our bank with distinction through a period of unprecedented change in the financial services industry. He leaves with our thanks and admiration, and we wish him and his family well for the future."