Mr Power takes over from Michael Collis, who led the Bank from 2017 until 2022.
David Power was appointed Chief Executive Officer on 1st January 2023. He joins BNF Bank with extensive global experience both in Conventional and Islamic Banking spanning over 30 years.
He has worked in multiple jurisdictions, including South Africa, the Middle East, South East Asia and the UK, holding several executive positions with responsibility for a wide variety of functions including Retail, Commercial, Small Business, Private Banking, Wealth Management and Offshore Banking.
David began his career at Standard Bank of South Africa, where he spent 17 years holding several senior positions including Head of Priority Banking and the Offshore Banking Group. After this he served as Divisional Director for Private Banking at Nedbank, South Africa and then moved to Kuwait as the Deputy General Manager of Gulf Bank. He also held the positions of Group Chief Retail and Private Banking Officer for the National Bank of Oman and Head of Retail Banking for Commercial Bank International, Dubai. Mr Power was also the Group Chief Retail and Private Banking Officer of Kuwait Finance House, Kuwait and later, Chief Executive Officer of Kuwait Finance House, Malaysia.
David is a graduate of the University of Cape Town, South Africa and has several post graduate diplomas. He has a CPIF (Chartered Professional in Islamic Finance), from CIFF Malaysia, an MDP from Ashridge, UK, a PIM from Henley, UK and an OWP from IMD Switzerland.
Mr Power expressed his delight on his appointment. “I am very pleased to be in Malta and honoured to have been appointed Chief Executive Officer of BNF,” he said. “The Bank is embarking on a digital transformation journey over the next couple of years which is going to significantly enhance the customer journey as well as our staff engagement. All this will only enhance our strategy of putting our customers at the center of everything we do. We will continue to strengthen our current position, through our people and our brand, within the Maltese financial services landscape and beyond.”
Mr Power takes over from Michael Collis, who led the Bank from 2017 until 2022. David now heads the BNF Executive Committee, joining Chief Commercial Officer George Debono, Chief Financial Officer Mark Micallef, Chief Legal Officer Dr. Jean Noel Cutajar and Chief Technology Officer Daniel Cutajar in driving the bank forward.
BNF Bank is a key player in Malta’s financial services industry. Offering a wide portfolio of products for both personal and business clients. The Bank operates twelve branches across Malta and Gozo, a Corporate and Business Banking Centre and a trading room. Through the Commercial Banking arm, BNF Bank additionally offers a wide variety of services to retail, family-owned businesses, small to medium sized enterprises (SMEs) and other corporate customers.
BNF Bank was awarded the 2022 Bank of the Year for Malta by The Banker as announced by the Financial Times for the third consecutive year since 2020.