Malta-based Bank of Valetta has chosen former Northern Rock executive Rick Hunkin as its CEO.
Hunkin will start at the role on 1 January 2020. He will also sit on the bank’s board of directors as an executive director. His appointment is subject to regulatory approval.
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The first Bank of Valetta CEO to be hired from outside the bank’s ranks, he replaces Mario Mallia following Mallia’s retirement.
Hunkin has decades of experience in international, retail and the corporate banking sector, having worked with major banks in the UK and overseas over the last 40 years. He has extensive time in retail banking, mortgages and savings, risk management, change programmes and corporate governance infrastructure. Prior to joining the Bank of Valetta, Hunkin was the chief risk officer of Chetwood Financial. He also occupied senior management positions at GE Money, Northern Rock, Tesco Bank, Williams & Glyn (Royal Bank of Scotland) and Provident Financial.
The bank is 25% owned by the Maltese government and currently has around 2,000 employees.
It recently welcomed over 40 new employees within its retail network, thus bringing the total workforce close to the 2,000 mark. The new employees followed an onboarding process which included an intensive training programme, branch experience and on-the-job training.
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By GlobalDataNew employees were welcomed by Ray Debattista, Executive, Human Resources and Geoffrey Ghigo, Head, Branch Network at Bank of Valletta. A number of other Bank professionals gave an introduction to the Bank’s operations and the current challenges faced by the Bank and other financial institutions locally and abroad.
It’s not the only bank making big hires today. Credit Suisse has named David Miller as the CEO of Investment Banking and Capital Markets (IBCM) as part of a broader overhaul, and many hires, at the unit.
Miller replaces James Amine, who will now become the head of private credit opportunities.
Miller has held various roles at the bank, latterly as the global head of credit, head of global credit products and part of the global markets management committee.
Both Miller and James Amine have been working at Credit Suisse for 22 years.
