Get in touch - Bank of Valletta - BOV Group
Customer Service Centre - Bank of Valletta - BOV Group
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Our Executive Team
Our Executive Team
Our Executive Team

Rick Hunkin
Chief Executive Officer
Mr. Rick Hunkin was appointed as the Bank’s Chief Executive Officer on 1 January 2020. He is a vastly experienced financial services executive who has worked in all aspects of retail, commercial and corporate banking for over 35 years. Having started his career at NatWest and then Lloyds TSB, he has since covered a wide span of organisations and held seats on the Boards of several UK financial services companies including Tesco Bank, Cheltenham and Gloucester, Goldfish Bank, GE Money and National Bank of New Zealand. Post the 2007/08 crisis Mr. Hunkin was one of a small senior group hired to resolve issues at Northern Rock and subsequently joined the Executive team leading the establishment of Williams & Glyn (part of the RBS EU remediation programme). Prior to joining Bank of Valletta, he was Chief Risk Officer of Chetwood Financial.

Mr. Hunkin sits on the Bank’s Board of Directors as an Executive Director and he is a director on the board of MAPFRE MSV Life p.l.c. He chairs the BOV Executive Committee and the Asset Liability Management Committee and is also a member of various management committees. Mr. Hunkin is currently Chairman of the Malta Bankers’ Association.

Mr. Hunkin holds a Masters in Business Administration from Manchester University and a Financial Studies Diploma - a degree level qualification obtained via the Chartered Institute of Bankers and Sheffield Hallam University. He has been elected a Fellow of the Chartered Institute of Banking in both England and Scotland (FCIB, FCIBS) for services to Banking and Education.

Ernest John Agius
Chief Operations Officer

Mr. Ernest John Agius was appointed BOV’s Chief Operations Officer in May 2016. He is responsible for Change Management, the Bank’s Administration Function including Facilities, Security and Health & Safety, Procurement, the Architect’s Unit, the Transaction Monitoring Function, Investment & Custody Operations, Centralised Operations including, Cash, Cheque, ATM and Safe Deposit Lockers Management, SWIFT & SEPA Payments Processing and Reconciliations, Customer On-Boarding including Account Opening and the Customer Lifecycle Management unit.

Mr. Agius joined Bank of Valletta in 2015 as Change Management Executive with the specific target of setting up a Change Management Function aiming to implement the Core Banking System in 2019.

Mr. Agius’s career in the financial services sector spans more than thirty-four years during which he has held a number of senior executive positions within the business, migrating customers to digital channels and IT. He has vast experience in the banking operations, financial crime compliance, and has led major transformation projects involving complex technology, automation and de-risking.

He has been a member of the Executive Committee since June 2016, member of the Change Management Committee, the Internal Control and Risk Management Committee and the Incident Management Team, since January 2020.

Joseph Agius
Chief Technology Officer

Mr. Joseph Agius was appointed Chief Technology Officer in October 2014 and became a member of the Bank of Valletta Executive Committee in October 2016.

Since joining the Bank in 1985, Mr. Agius has garnered over thirty years’ experience in IT and Financial Services. In this time, he has been actively involved in the implementation of various mission critical projects, including the recent Core Banking Transformation. In his role as Chief Technology Officer, Mr. Agius is responsible for driving the Bank’s IT strategy. He is a strong proponent for modernisation in IT, digitisation and running IT as a business with its inherent business value.

Mr. Agius holds an Honours degree in Computer Science from the University of Reading and an MBA in eBusiness from Grenoble Graduate School of Business. He is also a Chartered Engineer and member of the British Computer Society.


Simon Azzopardi 
Chief Wealth Management Officer 

Mr Simon Azzopardi was appointed as Chief Wealth Management Officer and Executive Committee member in January 2021.

He is also a director at BOV Fund Services and chairs the Board of BOV Asset Management.

Simon Azzopardi holds a Bachelor of Commerce (Hons) issued by the University of Malta and a Master of Science from the University of Reading. He is also an associate of the Chartered Insurance Institute (UK) and a fellow of the Institute of Bankers (UK). Simon enjoys considerable experience in the area of investment services since he was responsible for setting up and running the Private Banking Division of BOV. He also sits on the Investment Committees of BOV Asset Management and Mapfre MSV Life.  Throughout his career at BOV, Simon has occupied various executive positions including Executive Head Risk Management and Executive Head International Corporate Centre.


Izabela Banas
Chief Financial Officer

Ms. Izabela Banas was appointed as the Bank’s Chief Financial Officer on 1 March 2021. She is an experienced Finance professional and has held a number of senior positions within the Financial Services industry in the UK and Switzerland. Izabela joined Bank of Valletta after five years with HSBC Group in London where her last role was as a Chief Financial Officer for Private Bank EMEA. Having started her career at General Electric Company as part of Financial Management Programme, she has since covered wide span of organisations, industries and geographies including Credit Suisse Group, Willis Insurance Brokers and Private Equity owned industrial companies in Germany and in the UK.

Izabela is a member of the Bank’s Executive Committee and a number of management committees. She is a director on the board of MAPFRE MMSV Life p.l.c and a member of MAPFRE MMSV Life p.l.c Audit Committee (both subject to regulatory approval) as well as an attendee at the MAPFRE Middlesea p.l.c. Audit Committee.

She holds a degree in Economics with specialisation in Finance from University of Illinois at Urbana-Champaign and is a certified Lean Six Sigma Black Belt.



Miguel Borg
Chief Risk Officer
Mr. Miguel Borg was appointed as the Bank’s Chief Risk Officer in November 2014.

He serves as the Deputy Chairman of the Executive Committee and chairs the Credit Committee, the Internal Control & Risk Management Committee and the Credit Sanctioning Committee of BOV. Mr. Borg was appointed to the Board as Executive Director in August 2017. He is a Director of BOV Asset Management Ltd and chairs the Risk Committee of the company. He also chairs the Risk Committee of MAPFRE MSV Life p.l.c. Prior to joining the Bank, he worked at the Central Bank of Malta.

Mr. Borg holds a Masters in Economics and is a member of a number of international risk management associations. He serves as a member of the Ethics Committee of PRMIA (USA). He lectures at the University of Malta.


Dr Vanessa Borg
Chief People and Change Officer

Dr Vanessa Borg has been active within the international management field for over two decades, having direct experience of the challenges faced by C-Suite Executives in growing their business and the acumen to engage senior management discussions to support organisations in achieving their strategic intent. Vanessa was previously appointed as Director, Strategy Advisory with KPMG, a position she had occupied since 2018. She also served as Chief Executive Officer with Argus, an insurance entity having presence in Malta, Gibraltar and Bermuda.

In 2007, Vanessa founded and headed Consultancy and Training Acumen Centre Ltd., whereby since conception, the company enjoyed a string of international awards. Vanessa has also held corporate senior positions within the hospitality industry and during her tenure with Corinthia Hotels International, she was mainly involved in the development and implementation of HR strategic initiatives, including the setting up of a Training Academy which was bestowed by notable awards recognising its outstanding quality standards. Vanessa was later appointed as General Manager, Research and Development within the hotel chain, playing a key role in the company’s endeavour for organisational excellence.

Vanessa holds a Doctorate in Business Administration, a Master’s in Philosophy, a Master’s in Business Administration (Maastricht School of Management) and a Bachelor of Commerce (University of Malta).

The appointment of Dr Borg is subject to regulatory approval. 

Kenneth Farrugia
Chief Retail Banking Officer
Mr. Kenneth Farrugia joined the Bank in 1985 and has since occupied various positions within the Group. Mr. Farrugia currently holds the post of Chief Retail Banking Officer and sits on the Executive Committee.

Mr. Farrugia is amongst others responsible for the improvement of the Bank’s market position, as well as the achievement of financial growth and long-term strategic business goals. He currently sits on the Board of Directors of BOV Asset Management Ltd and is also a director on the board of the Vilhena Funds SICAV p.l.c. Mr. Farrugia is a Fellow of the Institute of Sales and Marketing Management in the UK.

Albert Frendo
Chief Business Banking Officer 
Mr. Albert Frendo is an accountant by profession and is responsible for the stewardship of the Credit Function. His career at the Bank spans over thirty years with wide ranging experience in cost management and financial reporting, risk management and credit finance. For twelve years, he headed the Bank’s Risk Function and was later assigned with the management of the Bank’s overall Credit Portfolio, responsible for a number of key credit areas including Corporate, SME, Consumer and Trade Finance, Collections and Collateral Management. He was entrusted to launch Risk Sharing Instruments in Malta aimed at SMEs including JEREMIE, CIP, SMEG, SME Initiative (JAIME) and SME Invest.

Mr. Frendo is a member of the Bank’s Executive Committee and a number of management committees. He holds a degree in Accountancy from University of Malta and a Masters in Business Administration, with specialisation in Management Consulting, from Grenoble Graduate School of Business in France.

Anatoli Grech
Group Chief Compliance Officer

Mr Anatoli Grech holds the position of Group Chief Compliance Officer. Mr Grech previously held the position of Head of Strategy and Regulatory Affairs at BOV Asset Management Limited, the asset management of the Bank. 

Mr Grech also sits on the Executive Committee, the Internal Control and Risk Management Committee, Product Governance and Pricing Committee and Change Management Committee of BOV. He is a Director on the Board of BOV Asset Management Limited and the Chair of its Risk and Regulatory Committee.

Mr Grech is also a member of the Risk and Regulatory Committee of BOV Fund Services Limited and MAPFRE MSV Life plc. He is also a member of the board of the European Savings and Retail Banking Group and a member of the Banking Supervision Committee of the European Banking Federation and the Secretary of the Malta Asset Servicing Association.

Mr Grech holds an Executive MBA from the University of Malta and an MSc from Aberdeen Business School.


Peter Halsor
Chief Marketing and Customer Intelligence Officer

Peter Halsor holds a Bachelor of Science degree in Business from the University of Minnesota. Prior to joining Bank of Valletta, Peter held the position of Chief Customer Experience Officer at Riyad Bank and he has also led transformation initiatives at Barclaycard and LloydsTSB. Mr Halsor enjoys 20 years' experience leading marketing teams in designing and implementing digital products, services and campaigns that underpin business strategy, enhance customer experience and drive profitability. He was actively involved in a number of business transformation/change programmes, collaborating with C-suite executives in translating business strategy into compelling customer strategies.


Theodoros Papadopoulos
Chief Digital Officer

Theodoros Papadopoulosholds an MSc in Digital Communication and Media/Multimedia, an MA in International Business (Public Policy) and a BA in Public Relations and Communication Policy. Prior to joining Bank of Valletta, Mr Papadopoulos  held the position of Director of User Experience at Eurobank EFG in Athens, Greece. Between 2011 and 2016, he was engaged with in the Netherlands, initially as a Global Hotels Projects Team Member and appointed as Manager, Strategic Partnerships in 2013, a position which he occupied before moving to Eurobank, EFG. 



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Bank of Valletta p.l.c. is a public limited company regulated by the MFSA and is licensed to carry out the business of banking and investment services in terms of the Banking Act (Cap. 371 of the Laws of Malta) and the Investment Services Act (Cap.370. of the Laws of Malta).