MaltaCEOs Article - David Power
BNF Bank is undergoing a transformation and newly at the helm as CEO, David Power, is a seasoned professional banker, whose initial foray into the financial world began in South Africa with Africa’s largest bank. His numerous leadership roles in multiple jurisdictions, while significant, were a precursor to the larger responsibilities that awaited him.
Reflecting on his most recent transition to BNF Bank, David candidly shares, “there was a significant shift in responsibilities and expectations. Moving from a financial consulting role into banking at BNF Bank was like changing gears, but it was a journey I was prepared for.”
Indeed, as he discusses his responsibilities, David quickly hammers out an extensive list: from long-term goals such as stability, growth and improving shareholder value, to risk management, corporate governance, ESG, and understanding the market.
“Certainly, formulating any strategic vision today necessitates taking into account crucial factors including the recent turmoil in the global economy, regional conflicts, rising interest rates, the rise in cyber attacks, and black swan events,” David says.
When delving into the pivotal moments that shaped David’s career and propelled him to his current position, a hands-on approach becomes apparent. When based in South Africa, he contributed to pioneering Priority Banking for the largest bank in Africa. He was the first corporate relationship manager to go into the Priority Banking segment as a trial and to set it up; now it’s one of the largest priority banks in Africa.
He was also asked to set up an offshore banking operation for the same bank, which meant the consolidation of the bank’s assets in the Channel Islands and expanding it across South Africa.
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