Board Of Directors

The Board of Directors is made up of a mix of executive and non-executive professionals specialising in various financial services fields.  The Board of Directors meets on a regular basis to discuss policy, direction and strategy issues.

Dr. Patrick J. Galea – Chairman

Dr Patrick J Galea was called to the Bar as an Advocate in Malta in 1982. He is a senior member and co-founder of a set of advocates’ Chambers in Valletta.  He has practised very extensively in litigation.  Currently, Dr Galea combines private practice with academic activities. Over the past 32 years, he has worked and widely advised in the areas of financial services, banking and investment funds, intellectual property, urban and environmental planning,  He was also professionally active in the traditional areas of property and contract. Dr Galea has set on the Board of Directors of various companies, including some listed on the Malta Stock Exchange. He was actively involved in the setting up and launching of activities of two Austrian owned Banks in Malta in the early 1990s and has since then been continuously a member of the Board.

Dr Galea is also a lecturer at the University of Malta where he lectures on civil law and financial services.  He is also a visiting lecturer at the University of Salzburg.

Mr Anthony C. Schembri – CEO & Managing Director

Mr Anthony C. Schembri is a professional accountant with more than 25 years of banking experience. He started his career as a junior at Bank of Valletta plc and after graduating from the Malta Institute of Accountants he joined Melita Bank International Ltd, an offshore subsidiary of Istituto Bancario San Paulo di Torino, now San Paulo-Imi as assistant accountant. In March 1995 he joined First International Merchant Bank (FIM Bank), a trade finance bank based in Malta as Head of Finance (then a start-up operation). In December 1996, he joined Raiffeisen Malta Bank (also a start-up operation) plc as General Manager. He became Managing Director on 1 March 2010. Mr Schembri has a Masters’ Degree in Banking and Finance from the University of Malta and a degree in German from the Goethe Institute. He is currently researching for a Ph D in “Securitisation”.

Mr Matthias Kaindl – Non-Executive Director

Mr Matthias Kaindl holds a degree in Business Administration and Management from Babson College in the US.  As a student at Babson he specialised in economics and finance where he was selected to manage a $1.1 million endowment fund for Babson College. After graduating from Babson, he completed an internship at Candover Investments plc in London. He is currently a Board Member in various Kronospan companies responsible for general management, sales and marketing, purchasing, accounting, finance and human resources.

Mr Clive Stanford – Non-Executive Director

Mr Stanford is an English Chartered Accountant and Chartered Tax Adviser. After graduating from Trinity College, Cambridge University, with a degree in mathematics, he joined a predecessor firm of Deloitte LLP and became a tax partner in their London office in 1984. After a period between 1996 and 2001 when he was European Tax Partner representing Europe on the Global Tax Committee he returned to the Deloitte London office and retired from the firm in 2007. Mr Stanford now advises families on their business structures and financial affairs.

Dr. Christian Golsner, LL.M – Non-Executive Director

Dr. Christian Golsner holds a PhD in Corporate Finance, a Master’s Degree in Banking and Finance from the University of St.Gallen, Switzerland as well as a law degree from the University of Heidelberg, Germany. After graduation, he worked for Goldman Sachs within the investment banking division in London, focusing on advising large-cap, multinational companies on Mergers, Acquisitions and Financing. After Goldman Sachs, Dr. Golsner worked for Cevian Capital, one of the leading European active ownership hedge-funds where he helped in identifying and realizing value potential of publicly-listed companies. Dr. Golsner is currently advising professional investors on financial and strategic questions.

Mr Michael Mendel – Non-Executive Director

Mr. Mendel passed the traineeship program at Bayerische Vereinsbank and graduated as „Bankkaufmann“. At the university in Augsburg he specialized in finance, audit , controlling and operation research. After the master degree in economics he joined again Bayerische Vereinsbank and worked in the risk management, corporate banking and corporate finance. After heading the corporate finance division he became responsible for the group risk management . Before he became a member of the group management board of HVB-Group he joined as CRO the board of Bank Austria. In his function as CEO of Österreichische Volksbank AG from 2008 until June 2019 he was responsible for the restructuring of the banking group. Beside this he is up to now engaged in several supervisory boards , e.g. chairman of HETA-Asset Resolution AG, Bausparkasse Wüstenrot AG or ÖBAG-investment committee.

Ms. Dorothy Kim Vella – Non-Executive Director 

Ms. Dorothy Kim Vella is a regulatory, governance, risk and compliance specialist having worked in the professional and financial services sector since graduating with Honours in Accountancy in 2004. Throughout her career, Ms. Vella occupied various regulated positions of trust within banking and insurance subsidiaries of international groups (notably Raiffeisen Bank International, Renault, Auchan Retail). Among her appointments, she has been approved for the role of Chief Risk Officer, Compliance Officer, Internal Control Officer and responsible for oversight of the Actuarial Function. Prior to joining the financial services sector, Ms. Vella managed a team of systems and process assurance specialists at PwC, executing information systems and financial audits, internal control reviews, core business analyses and performance improvement engagements. Today Ms. Vella serves as an independent non-executive director on the boards of other financial services institutions where she plays an active role in Audit and Risk Committees providing steering on governance, risk and compliance matters.

Dr. Stefan Schmittmann

Dr. Stefan Schmittmann holds a PhD in Economics and a degree in Business Economics from the renowned University of St. Gallen in Switzerland. After completing his studies, in 1986, he joined Bayerische Vereinsbank AG, in Munich, Germany, where he served as a member of the divisional board and acted as a Chief Credit Risk Officer. In 2004, Dr. Schmittmann was appointed Chief Executive Officer (CEO) and Spokesperson of the Board of Managing Directors of Vereins- und Westbank AG in Hamburg where he oversaw the organisation’s complete merger into the Bayerische Hypo-und Vereinsbank. In 2006 he became Board Member at HVB responsible for corporate and Real Estate Banking. In 2008  Dr. Schmittmann joined Commerzbank AG, where he was appointed a member of the Board of Directors and held the role of a Chief Risk officer. From 2018 to 2020 he was chairman of the Supervisory Board of Commerzbank AG. Dr. Schmittmann is currently a freelance consultant and a non-executive board member of ECCM Bank plc, responsible for banking, regulatory and financial oversight.”

Dr Francesca Polidano – Company Secretary

Dr Francesca Polidano is a law graduate from the University of Malta and possesses a warrant to practice as an advocate in Malta. Since graduating as a lawyer, Dr. Polidano has been involved in the setting-up of companies and assisting with company secretarial duties. As the Bank’s junior lawyer she is also involved in compliance and AML & CFT obligations, drafting and vetting of commercial agreements as well as loan agreements together with the Bank’s senior legal counsel.
She has a deep interest in civil law, company law and banking law. She successfully completed her thesis entitled “Malta’s National Lottery Monopoly – is it Consistent with EU Law and CJEU Case Law?: A Comparative Study.” which touched upon and discussed issues relating to competition law and European Union law. In 2017, Dr Polidano has completed a legal training course with an international bank in Vienna.