Leading economist Gordon Cordina has officially begun his new role as chairman of Bank of Valletta.

Dr Cordina took over from Deo Scerri, who resigned from his position in May 2020.

His nomination was formally approved and he officially began after a six-month cooling off period in view of his recent position as Director of the Board of another local credit and financial institution.

Dr Cordina is a leading economist on the Maltese Islands, with a professional experience spanning 25 years covering banking, policy-making, academia and private sector consultancy. He is a graduate of the University of Cambridge and the University of Malta.

His main area of academic interest is the growth and macroeconomic dynamics facing economies that are prone to heightened risks. Dr Cordina has several years of Board and Risk Committee experience in major financial institutions in Malta.

He served as Manager of the Research Department of the Central Bank of Malta, Director General of the National Statistics Office of Malta, Head of the Economics Department of the University of Malta and Economic Advisor to the Malta Council for Economic and Social Development.

Through the private consultancy firm he co-founded in 2006, he was involved in a number of local and international research projects and consultancy assignments with institutions including the EU Commission, Government ministries and authorities, NGOs and private sector entities. Gordon is a visiting senior lecturer at the University of Malta.

For the duration of Dr Cordina’s six-month cooling-off period, Mr Alfred Lupi too up the role of interim chairman with effect from 16th May 2020.

Mr Lupi was appointed to the Board of Bank of Valletta in December 2015 and currently chairs the Audit Committee and is a member of the Remuneration Committee.