APS Bank plc announces that Joseph Rapa has been appointed as Non-Executive Director, effective from 1 January 2023, filling the seat to be vacated by Victor Gusman following his notice of retirement at the end of the year. Mr Rapa has been appointed to the office by the Diocese of Gozo, as Qualifying Shareholder, following also the receipt of regulatory approval from the MFSA.
Mr Rapa holds a B.A. (Hons) degree in Public Administration from the University of Malta, and a Master Business Administration degree from the Rotterdam School of Management Erasmus University. He started his career in 1990 at the Economic Policy Department, Ministry of Finance, Malta. In 2012 he was appointed Director General, responsible for leading teams providing technical economic and financial analysis, including advice to the Ministry on macroeconomic management, fiscal policy and on macro-prudential issues. Between March 2013 and May 2022, he served as Permanent Secretary at the Ministry for Health and was responsible for general management functions within the Ministry, with responsibilities for human resources management, strategic management, financial budgeting/planning and management as well as for the exercise of internal control. He currently carries out duties of oversight over the management of EU funds in Malta, within the Ministry for the Economy, European Funds and Lands.
The Board expresses its appreciation of Mr Gusman’s commitment and contribution as Director and wishes him well for the future. Martin Scicluna, APS Bank Chairman, commented, “I am very pleased to welcome Joseph to the Board. His appointment will broaden and deepen expertise in risk management, internal controls and finance strategy. We look forward to working with him.”
