On Friday, FIMBank plc announced that John C Grech has been appointed Chairman, reconfirming a position he has occupied since May 2012.

In addition, Masaud M. J. Hayat was also reconfirmed as Vice-Chairman.

In accordance with FIMBank’s policy, its Chairman and Vice-Chairman are appointed by its Directors to hold office for a period of one year.

The FIMBank Board is now composed of: John C. Grech (Chairman), Masaud M. J. Hayat (Vice-Chairman), Majed Essa Ahmed Al-Ajeel, Rabih Soukarieh, Mohamed Fekih Ahmed, Rogers David LeBaron, Osama Talat Al-Ghoussein, Hussain Abdul Aziz Lalani, Edmond Brincat, Abdel Karim A.S. Kabariti and Claire Imam Thompson.

About John C Grech

Dr Grech is a Maltese national who graduated from the University of Malta in 1971 and 1974. In 1978 he also obtained a Ph.D. in International Economics from the Graduate Institute for International Studies of the University of Geneva.

He served as Chairman of the Bank of Valletta Group, Middle Sea Valletta Life Assurance Limited, the Malta Tourism Authority, Mizzi Organisation and as President of the Mediterranean Bank Network. He is currently Chairman of the MelitaUnipol Insurance Agency Limited, Chairman of Central Cement Limited and Chairman of the Board of Class Optical Ltd. He also served as visiting professor at the University of Malta.

About Masaud M. J. Hayat

Mr Hayat is a Kuwaiti National who obtained a Bachelor of Science (Economics) from the University of Kuwait and a Diploma in Banking from the Institute of Banking Studies in Kuwait.

Between 1998 and 2010 he was the Chairman of KAMCO Investment Company K.S.C.P. in Kuwait. Mr Hayat currently holds the position of Chief Executive Officer – Banking at KIPCO, which is one of the largest diversified holding companies in the Middle East and North Africa with holdings in commercial banking, investment banking, asset management, insurance, media, real estate and manufacturing.