03 July 2025
COMPANY ANNOUNCEMENT
The following is a Company Announcement by HSBC Bank Malta p.l.c. pursuant to the Capital Markets Rules issued by the Malta Financial Service Authority.
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HSBC Bank Malta p.l.c. (the 'Bank') refers to Company Announcement HSBC456 published on 25 April 2025 relating to the resignation of Ms Svetlana Maslova as the Bank's Chief Operating Officer.
Ms Svetlana Maslova will be replaced in the post of Chief Operating Officer of the Bank by Mr Mark Drago. The appointment of Mr Drago as Chief Operating Officer of the Bank is effective upon receipt of regulatory approval. Mr Drago presently resides at 59, Triq Victor Vassallo Attard ATD1903.
Mr Drago has over 38 years working experience with the Bank, spread across several leadership roles including mortgages, retail banking, information technology, security and fraud risk and financial crime. He successfully established and restructured key operational units such as Information Security and Security and Fraud Risk departments and enhanced operational resilience within the Bank. He was appointed Head of Financial Crime, Compliance and Money Laundering Reporting Officer of the Bank in 2017, a position which he holds today. Mr Drago is also the Chairman of the Financial and Cyber Crime and Fraud Standing Committee of the Malta Bankers' Association (the 'MBA') and represents the MBA on the European Banking Federation's Financial Crime Strategy Group.
Mr Drago is a seasoned leader with experience in managing technical resources, projects, transformation, risk assessments, designing and implementing controls, training, and good governance.
There are no matters concerning Mr Drago, which require disclosure under Capital Markets Rules 5.20.5 to 5.20.9.
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Dr Paula Mamo LL.D. Company Secretary
This Company Announcement is issued by HSBC Bank Malta p.l.c. Company Secretary Tel: (+356) 2380 2380