Corporate Governance

 

Michael Frendo, Non-Executive Chairman

Chairman of the Board since May 2013. A former Speaker of the House of Representatives, Parliament of Malta (2010-2013) and a former Minister for Foreign Affairs (2004-2008). Dr Michael Frendo also held various other Ministerial portfolios including Information and Communication Technologies, Transport and Civil Aviation, and Culture, Broadcasting and Consumer Protection. Dr Frendo is a lawyer with a postgraduate specialisation in European Union law who has also worked in the private sector in both Malta and the United Kingdom. Dr Michael Frendo is a signatory of the Treaty of Lisbon and was a member of the European Convention on the Future of Europe. He has published widely including a number of books and articles on European, diplomatic and legal issues.

 

 

Sheikh Mohammed Faisal Q.F. Al Thani, Non-Executive Deputy Chairman

Sheikh Mohammed Faisal Q.F. Al Thani has been Vice Chairman of the Board of Al Faisal Holding since 2010 and also sits on the Board of Directors of Al Khaliji Bank. He is a member of the Board of Trustees at the American University of Sharjah (UAE) and of the Arab Academy for Banking and Financial Sciences (Egypt), as well as being Honorary President of the Italian Chamber of Commerce in Qatar. He holds a Bachelor's Degree in Business Administration from Carnegie Mellon University, Qatar.

 

 

Michael Collis, Chief Executive Officer and Managing Director  

Mr Collis has extensive banking experience having worked in the banking industry in the UK and Middle East in excess of thirty years. During this time he served on a number of bank boards and held senior positions in a number of banks with responsibility for a wide variety of activities including retail and wholesale banking, corporate finance and private banking. He has served as CEO and Executive Director of Ahli United Bank (UK) Limited, a UK licensed bank regulated by the FSA. He also served as Senior Deputy Group CEO of Ahli United Bank B.S.C. (Bahrain). Prior to that he served as executive director and head of European corporate finance at Nikko Bank, a UK licensed bank regulated by the FSA. He originally started his banking career with Lloyds Bank p.l.c and subsequently joined Mizuho Bank where he held various senior positions and headed the bank's UK corporate banking and corporate finance activities for over ten years.

Prior to this latest appointment, Mr Collis served as Chief Executive Officer of Al Faisal International for Investment QPSC (Qatar), the ultimate majority shareholder of the Bank, a position which he has since relinquished. He had occupied this position since 2015 during which time he was also responsible for AFII's proprietary trading and strategic financial investments, including the acquisition of Banif Bank (Malta) p.l.c in 2016.

 

 

Sheikh Turki Faisal Q.F. Al Thani, Non-Executive Director

Sheikh Turki Faisal Q.F. Al Thani is Chairman of Al Sawari Holding Company and is also a member of the Board of Al Faisal Holding since 2014. Sheikh Turki Faisal Q.F. Al Thani is also Founder and CEO of Catalyst Company.  He holds a Bachelor's Degree in Economics from Georgetown University Qatar.

 

 


 

 

Mario P. Galea, Non-Executive Director

Mr Galea has been a member of the audit committee since 2013.  A fellow of the Association of Chartered Certified Accountants and the Malta Institute of Accountants. Mr Galea Sits on the Accountancy Board, which is the accountancy profession regulator in Malta.  He founded and served as Managing Partner and Chairman of Ernst & Young in Malta specialising mainly in auditing, until his retirement in 2012. Served on the Council of the Malta Institute of Accountants as Officer and President.  Served on the Council of the Federation des Experts Comptables Europeens (FEE).  More recently serving as independent non-executive director on the boards of a number of companies listed on the Malta Stock Exchange.  Served as Chairman of the Malta Resources Authority.  Serves as a member or chairman on a number of audit committees in both regulated and non-regulated sectors.  He is engaged also in assisting the boards of a number of family businesses with governance, organisational and financial matters.  Sits on a number of finance committees and currently serves as Chairman of the Ethics Committee and member of the Anti-Money Laundering committee of the Malta Institute of Accountants.

 

 

Maurice Mizzi, Non-Executive Director

Director on the Board since April 2008. He read law at the University of Malta where he obtained a Diploma of Legal Procurator. He joined the family business in 1957 and was appointed on the Board of a number of Mizzi Organisation companies. He is currently Managing Director of Continental Cars Limited, Mizzi Limited and Titan International Limited. He has held a number of chairmanships for the government including Mediterranean Film Studios (1984-1990) and the Malta Development Corporation (1997-1998). He has been Honorary Consul of Iceland since 1978. He also served as a Director on the Board of Plaza Centres p.l.c, Allcom Limited, Technical and Management Services Limited, Datatrak Holdings p.l.c, Datatrak Systems Limited, Datastream Limited, and Maltacom p.l.c. He is currently also inter alia Director of Mizzi Associated Enterprises and President of Mizzi Organisation and of the Maltese Chinese Chamber of Commerce.

 

 

Kenneth Mizzi, Non-Executive Director

Director on the Board since April 2008. A qualified chartered accountant, after working with Touche Ross in London he returned to Malta to join the family business in 1971. He has served as Director on the Board of the Malta Development Corporation (1978-1980) and a number of other parastatal companies. He also served as Director on the Board of Mid-Med Bank Limited and of HSBC Fund Management (Malta) Limited. He is also Managing Director of SAK Limited, franchisee of The Body Shop in Malta, Managing Director of Muscat's Motors Limited and United Acceptances Finance Limited and a Director of a number of other Mizzi Organisation companies.

 

 

Mark Portelli, Non-Executive Director

Director on the Board since April 2008. A graduate in Economics from the University of Manchester. He has served as Executive Chairman of Malta Freeport Corporation between 2002 and 2013 and as Chairman of the Grand Harbour Regeneration Corporation and Transport Malta between 2007 and 2013. He is currently employed as Chief Executive Officer of MIDI p.l.c and he serves as a non-executive director of a number of companies.

 


 

 

Charles Borg, Non-Executive Director

Mr Borg, a fellow of the Chartered Institute of Bankers (UK), holds a Banking and Finance Honours Degree and a Masters Degree in Financial Services from the University of Malta. He enjoyed a 34-year career at Bank of Valletta p.l.c until December 2015. During this time he occupied various senior management positions, including that of Chief Executive Officer from 2012 to 2015. Prior to that, Mr Borg also served as Chief Officer, Financial Markets and Investments at BOV, with responsibility for all retail and wholesale funding of the BOV Group, as well as the management of BOV's treasury portfolio. Mr Borg also served as a Director of Valletta Fund Management Ltd, of which he was also General Manager, Valletta Fund Services Limited and BOV Investments Limited. In addition, Mr Borg also served as a Director on other listed companies on the Malta Stock Exchange, including Mapfre Middlesea Insurance p.l.c. He also chaired the Audit Board of the European Investment Fund, a subsidiary of the European Investment Bank. He served as a Director on the World's Savings Bank in Brussels and was also the President of the Institute of Financial Services and the President of the Malta Bankers Association. Mr Borg is currently the CEO and an Executive Director of PG p.l.c which has recently been listed on the Malta Stock Exchange, and holds a number of other non-executive directorship positions in Malta. Apart from serving as a Non-Executive Director of BNF Bank p.l.c., Mr Borg will also be chairing the Bank's Credit Approvals Committee.

 

 

Juanita Bencini, Non-Executive Director

Juanita Bencini is an ex-KPMG partner where for 17 years she headed Risk Consulting Advisory within the Malta practice and for seven years was also Head of Risk Consulting within the KPMG international region of which the Malta practice forms part. Today, she works as a consultant to the financial services industry and is a professional director on boards of regulated entities. Her areas of expertise include risk management, financial services regulation, corporate governance and AML. She has also served as President of the Institute of Financial Services Practitioners and today is still a Council member. She acts as Chair of the AML Committee of both the Institute of Financial Services Practitioners and the Malta Institute of Accountants.

 


 

Paul  Johnson, Non-Executive Director

Mr Johnson has a wealth of experience in Banking and other Financial Service industries where he occupied various senior management roles and served on a number of boards. Mr Johnson first joined the Royal Navy where he gained experience in a wide variety of activities including technology, operations and change across a number of sectors including IBM Consultancy. His recent Senior and Executive positions have included, Chief Information Officer and Chief Operations Officer at GMAC, Lloyds Bank and Aldermore Bank. Mr Johnson was also involved in the design and setup of a FinTech Blockchain based Bank. In addition to serving in BNF's Board, he is also an Independent Non-Executive Director on the Board of a regulated Bank in the UK.

 

 

Dr Jean Noel Cutajar, Company Secretary

Dr Jean Noel Cutajar is a lawyer by profession with his areas of expertise being focused on banking, finance and corporate law. Further to obtaining his Doctorate of Laws from the University of Malta in 2010, Dr Cutajar also attained a Masters in Laws degree specializing in banking and finance from the University of London in 2017. Throughout his career Dr Cutajar occupied the position of company secretary in different companies and held various roles at the Central Bank of Malta and HSBC Bank Malta p.l.c, amongst others. Dr Cutajar also heads the Bank's Legal Department and is a visiting lecturer at the University of Malta. 

 

Audit Committee

Mr Mario P Galea - Chairperson 

Mr Mark Portelli

Mr Paul Johnson

 

Compensation and Nomination Committee

Mr Paul Johnson - Chairperson

Dr Michael Frendo 

Mr Kenneth Mizzi 

 

Risk Committee

Ms Juanita Bencini - Chairperson 

Mr Mario P Galea

Mr Charles Borg

 

Credit Approval Committee

Mr Charles Borg - Chairperson 

Mr Michael Anthony Collis

Mr Mark Portelli 

 


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