Fimbank appoints new directors

First International Merchant Bank Ltd (Fimbank) has appointed Dr John C. Grech, former chairman of Bank of Valletta plc, and Emmanuel Ellul, former governor of the Central Bank of Malta, to its board of directors.
Dr Grech is a leading economist and consultant in business and management. His present chairmanships include the Malta Tourism Authority, EMCS Ltd, and Unipol Insurance Agency Ltd. He is a member of the board of directors of Middle Sea Insurance plc, and a visiting professor at the University of Malta. He is a past chairman of Middle Sea Valletta Life Assurance Co Ltd, and a former President
of the Mediterranean Bank
Network.
Mr Ellul is one of Malta’s foremost economists. He joined the Central Bank of Malta in 1968, and served as deputy governor and as governor. On his retirement from that role in 1999, he was appointed adviser to the government of Malta, and given responsibility for the Privatisation Unit in the Ministry of Finance. Mr Ellul sits on the board of Malta Government Privatisation plc, and also that of Middle Sea Valletta Life Assurance Co Ltd. Claude L. Roy, President of First International Merchant Bank (Fimbank) is hosting guests and other interested parties to a presentation on international trade finance and the bank’s activities in this field. It is of interest to exporters, nominee companies, and financial services providers. The presentation, which will be followed by drinks, will be held this evening at 6pm, at the Chamber of Commerce in Valletta. Those who wish to attend are asked to call on tel:220270 before 1pm.
Fimbank is Malta’s only merchant bank, and was set up in 1994 by a group of international investors. Its majority shareholding is Kuwaiti, and it has a paid up capital of US$20m.