News Release - Wednesday 8 March 2017

News Release - Wednesday 8 March 2017

The Board of Governors of the National Development and Social Fund (NDSF) has appointed Mr. Ray Ellul as Chief Executive Officer of the NDSF following a public call for applications.

Mr. Ellul holds a B.A. (Hons.) Banking and Finance with 1st Class Honours from the University of Malta and an MBA from Henley Business School, University of Reading. Mr. Ellul is also an Associate of the Chartered Institute of Bankers.

Mr. Ellul joins NDSF after a career of 36 years with Bank of Valletta p.l.c. where he has held a number of senior management appointments, the most recent being those of Head Investment Strategy and Foreign Bank Relationships and Head Compliance, Advisory and Regulatory Services. Mr. Ellul is also a Visiting Senior Lecturer at the Faculty of Economics, Management and Accountancy at The University of Malta.

Reporting to the Board of Governors Mr. Ellul will be responsible for the direction and coordination of the day-to-day operations and financial affairs of the NDSF.

Mr. Ellul commenced his employment with NDSF on 1 March 2017.

The National Development and Social Fund is a government agency established for the purpose of managing and administering seventy per cent of the contributions received from the Individual Investor Programme of the Republic of Malta set up by virtue of the Malta Citizenship Act Cap.188.

The offices of the NDSF are situated at 46, West Street Valletta, VLT 1531, Malta.