Lombard Bank on Thursday announced that regulatory approval has been granted for the appointment of Peter Perotti as Non-Executive Director of Lombard Bank.

His appointment was first announced a month ago, following the demise of Michael Zammit in February.

Mr Perotti was also 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.

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