Albert Mizzi retires as chairman of HSBC Malta

Albert Mizzi will be retiring as chairman and director of the HSBC Malta with effect from May 31. "It is with great regret that after 14 years I step down as chairman of the bank. However, I always believed life is about priorities and at present my priority is my wife. Now is the time to look after her and give her my support. “It has been a great honour and privilege to have worked with the HSBC Group, of which the bank in Malta is an important part of its European operations. The arrival of HSBC in 1999 has helped change the landscape of banking in Malta and to have been part of this process has been one of the highlights of my career," Mr Mizzi said. Mark Watkinson, director and chief executive officer said that both himself and the previous four CEOs relied on Mr Mizzi’s wise counsel and support over the years. The bank announce the appointment of Sonny Portelli as non-executive chairman of HSBC Malta. Mr Portelli is currently a non-executive director and chairman of the audit and risk committee. His appointment will take effect on May 31.