Lombard Bank has announced its appointment of Peter Perotti as a Non-Executive Director at the firm, following the demise of Michael Zammit earlier this month.

He will also be appointed as a member of the bank’s Audit & Risk Committee and Suitabilities & Evaluations Committee.

Mr Perotti has served in the financial services industry for over forty years having worked with the Bank of Valletta Group from 1979 until his retirement in 2020.

During these years, he occupied various positions including Chief Officer Retail Banking and Chief Officer Fund Business with direct responsibility for the bank’s subsidiaries BOV Asset Management Limited and BOV Fund Services Limited.

Mr Perotti is also an Associate of the Chartered Institute of Bankers (ACIB), and currently occupies other non-executive directorship positions.

The effective date of Mr Perotti’s appointment shall be confirmed upon receipt of regulatory approval.

He shall hold office until the bank’s next Annual General Meeting, and shall be eligible for re-election.

His predecessor, Mr Zammit, passed on 3rd February.

At the time, Lombard’s board expressed its appreciation for his “valued and positive contribution, commitment and dedication shown to the bank throughout the term of his office," while conveying its sincere condolences to his family.