Financial risk assessment professional Edward Bonello has been promoted to Head of Group Impairment and Stress Testing Analytics at HSBC's London office, he announced on Monday.

Through this, he will be responsible for the development of wholesale credit risk models and methodology frameworks used for impairment calculations and stress testing exercises.

Mr Bonello has more than 12 years of experience at HSBC, during which time he served in various roles. While he was initially Risk and Performance Analyst in Asset Management at HSBC’s Malta operations, he then relocated to London, where he has stayed since, working at its global headquarters. During his time there, he worked in a variety of positions apart from his new one, including Manager of Wholesale Credit Portfolio Analytics, among others.

He holds a Bachelor of Science in Mathematics and Statistics from University of Malta, and also a Master of Science in Financial Risk Management from Reading-based International Capital Market Association Centre. He is also a qualified Financial Risk Manager from Global Association of Risk Professionals.

HSBC is a financial services organisation that has a network covering 63 countries and territories, serving more than 40 million customers, ranging from individual savers and investors to companies and governments. It has been operating in Malta since 1999 through HSBC Bank Malta plc, offering services related to commercial banking, wealth and personal banking, and global markets. Through a number of specialised subsidiary companies, it is also active in the areas of life assurance and fund management.

Social Image: HSBC's global headquarters in London / Website