company-announcement---full

Company Announcement

The following is a company announcement issued by Mediterranean Bank plc (the “Bank”) pursuant to the Malta Financial Services Authority Listing Rule 5.

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The Bank is pleased to announce that Mr. Michael Adrian Bussey has been appointed as an independent non-executive director and Chairman of the Bank and its parent Company, MeDirect Group Limited, effective 24th February 2017.  Mr. Bussey currently resides in the United Kingdom at 7 Sovereign Mews, Winkfield Road, Ascot, Berkshire SL5 7FY.  

Mr. Bussey had an executive career spanning 30 years in the financial services sector.  After 20 years at HSBC in a variety of international and UK senior executive roles, culminating in a role as CEO of HSBC Private Banking EMEA, Mike served as CEO of Schroders Private Banking, Rothschild Private Banking and Trust and Arbuthnot Latham & Co. over a period of ten years. 

Following his executive career, Mike has served and continues to serve as a non-executive director of Credit Suisse (UK) Ltd. (where he is currently Chairman) and Gentoo Genie Ltd.  He also served as a non-executive director of the UK Wealth Management Group until its disposition by way of a trade sale.

There are no matters concerning Mr. Bussey requiring disclosure under Listing Rules 5.20.5 to 5.20.9.

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Henry C. Schmeltzer

Company Secretary