Tumas Investments plc on Friday announced that Joseph Schembri has been appointed independent Non-Executive Director. He has also joined the company's audit committee.

He replaces Kevin Catania, who resigned from the position and as Member of its audit committee.

Mr Schembri is also a Consultant at accountancy and business advisory firm Baker Tilly Malta, and is a Certified Public Accountant and Auditor.

Throughout his career, he has gained extensive experience in accounting, having served as Audit Partner at Joseph Tabone & Co and Senior Partner at KPMG Malta for around 40 years. He was also a Board Member at KPMG’s regional practice specialising in financial services. Additionally, he was actively involved in the setting up of a KPMG member firm in Libya, acting as Risk Management Principal along with Audit Principal for foreign owned oil and gas clients operating in Libya.

Aside from this, he is a Fellow of the Association of Chartered and Certified Accountants and the Malta Institute of Accountants.

Tumas Investments plc is a wholly owned subsidiary of property investment specialists Tumas Group, and was set up in 2000 to act as the group’s finance company. Over its more than 50 years of operations, the group has diversified its focus, and is today involved in corporate management services, property development and management, hospitality and leisure, transport, and gaming.

Social Image: The Laguna Portomaso / Tumas Group