MFSA appoints new Chairman and CEO

The Malta Financial Services Authority (MFSA) has recently confirmed the appointment of Professor John Mamo as its Chairman. This was announced in a statement by the Parliamentary Secretariat for Financial Services, Innovation and the Digital Economy, in which it was stated that the appointment of Professor Mamo is being made on the positive recommendation of the Parliamentary Committee for Public Appointments.

After graduating Bachelor of Arts in 1966, Professor Mamo was awarded a scholarship to Oxford University. He became a lawyer in 1972, and was a lecturer and Head of Department at the University of Malta. In 1991 Professor Mamo was appointed member of the Permanent Commission for Law Reform, and in 2002 he became Commissioner for Data Protection. Throughout his career Professor Mamo sat on a number of Boards of companies both in Malta and abroad.

During the same week, the MFSA Board announced the appointment of its new Chief Executive Officer, namely Mr Joseph Cuschieri, who will take on this role from the 24th April 2018. He will also sit on the Board.

The MFSA said in a statement that this is the first time in its history the MFSA will have a Chief Executive Officer and non-executive Chairman, following changes made last year to the MFSA Act. The statement adds that this structure conforms to those of other European regulators, and has been implemented following consultation with the European Central Bank.

As Chief Executive, Mr Cuschieri will be responsible for the general management and services of the Authority, and its development and implementation strategy, including reforms in the financial services sector.

Mr Cuschieri is an accountant and a member of the Malta Institute of Accountants, with specialisation in management accounting, corporate finance, economic regulation and general and business management.

In the course of his career Mr Cuschieri has occupied a number of top posts, both in the private and in the public sector, including those of Chief Executive of Vodafone, Chief Executive of the Malta Communications Authority, consultant to EY, and Chairman and Chief Executive of the Malta Gaming Authority.

Mr Cuschieri is also a member of the task force on Blockchain, entrusted with setting up a regulatory framework for virtual currency.

Source: tvm.com.mt

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