Board of Directors

Dr Christian Farrugia , Chairman

Dr Christian Farrugia obtained his Master’s degree in maritime and insurance law from the University of London (UCL) and his doctorate in Maltese law from the University of Malta in 1986. Dr Farrugia has been appointed an examiner of doctoral thesis at the Faculty of Laws of the University of Malta. He has also been a member of the Chamber of Advocates since 1988 and of the Chamber of Commerce since 1998. He is a Director and secretary of several companies, including Alliance Trust Company Ltd., an MFSA licenced fiduciary and trustee, as well as a Director of iMovo Ltd. and Abbey International Insurance PCC Ltd. He is an independent non-executive Director and the current Chairman of the Board of BAWAG Malta Bank Ltd.

Mr. Ferdinand Steinbauer

Mr. Steinbauer is currently the Treasurer of MFC and the Managing Director of MFC Commodities GmbH. He has held this position since 1998. At the MFC Group, he has been instrumental in building Supply Chain structured solutions and client acquisition. Previously he served as Treasurer for 20 years with KNP Leykam Austria (later acquired by SAPPI). Mr. Steinbauer holds a degree from the Austrian Commercial Academy in Graz and has over 35 years of experience in banking, structured trade finance and risk management. 

Mr. Samuel Morrow

Mr. Morrow was appointed Chief Financial Officer of MFC Industrial Ltd. in 2014.  Mr. Morrow is a Chartered Financial Analyst and was most recently a Vice President of MFC in Vienna, Austria. He has been a key participant in the acquisitions of FESIL AS and F.J. Elsner & Co. in 2014. Before joining MFC, Mr. Morrow was Vice President of Tanaka Capital Management and Treasurer, Chief Financial Officer and Chief Operating Officer of the Tanaka Growth Fund. Mr. Morrow is a graduate of St. Lawrence University and has completed credits towards a Masters in Business Administration (Langone Program) at the Leonard N. Stern School of Business at New York University.

Mr. Friedrich Hondl

Mr. Hondl is currently the Deputy Head of Large Corporates Banking Unit which provides relationship management and business advisory for Austrian and International Headquartered multinationals at Erste Group Holding. Prior to his involvement with Erste Group, in 2012 Mr. Hondl was Head of International Corporates Relationship Management at Unicredit Group and held various senior positions at a number of European banks including Bank Austria, Deutsche Bank Austria and Creditanstalt. Mr. Hondl is also the former Chairman of the supervisory board of Intermarket Bank and was previously a member of the supervisory board of Österreichische Kontrollbank.

Dr. Otto Karasek

Mr. Otto Karasek is currently the Managing Director of the Bank. From 2003 to 2014 Mr. Karasek held a range of responsibilities including CEO, Executive Director, member of the Personnel, Remuneration and Nomination Committee and the Credit Committee. Mr. Karasek was responsible for the operation and the business of the BAWAG Group in Malta and the implementation of its business strategy. Prior to 2003 Mr. Karasek filled various roles at BAWAG Austria in Vienna for over 20 years. He holds a Masters Degree in Business Administration.

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