Public Notice - Competent Person for Pilatus Bank plc
JANUARY 13, 2021

As communicated by Public Notice 30-2018 on 22 March 2018, the Authority appointed a competent person in terms of Article 29(1)(c) and (d) of the Banking Act (Chapter 371 of the Laws of Malta) and Article 15A(1)(b) and (c) of the Investment Services Act (Chapter 370 of the Laws of Malta) for Pilatus Bank plc (“the Bank”).

On 13 January 2021, Mr Lawrence Connell, i.e. the person occupying the role of competent person for the Bank since the Authority’s decision dated 22 March 2018, resigned from his role as competent person for the Bank with immediate effect. In view of Mr Connell’s resignation, Mr Robert Ancilleri has been selected by the Authority to occupy the role of competent person for the Bank in Mr Connell’s stead with effect from 13 January 2021.

For the avoidance of doubt, the Authority’s decision dated 22 March 2018 to appoint a competent person as mentioned above is and shall remain in full force and effect until the Authority otherwise directs.

Any communication in relation to the Bank should be addressed to the Bank on the following number: 20145318.


Bio of Robert Ancilleri

Robert Ancilleri is an auditor by profession and runs his own practice providing accounting, business, and regulatory advisory services.

He holds a Bachelor of Accountancy (Honours) degree from the University of Malta and is a Certified Public Accountant with a practising Certificate in Auditing.

Robert Ancilleri served as the Chief Accounting Officer at HSBC Bank Malta plc up to July 2018, representing the bank at the Executive Committee of the Malta Bankers’ Association.

Earlier on in his career, he occupied senior management positions, responsible for finance at Banif Bank (Malta) plc and Volksbank Malta Group. He was part of the setting up team of Banif Bank following the acquisition of a licence from the MFSA to operate as a fully-fledged retail credit institution.

Prior to moving into banking in 2003, he worked in audit and business advisory at MSD & Co., representatives in Malta of Arthur Andersen and Ernst & Young.

Robert Ancilleri serves as a member of the Supervisory Council of a locally-based foundation. He also sits on the board of directors of three entities listed on the Malta Stock Exchange, is a fellow member of the Malta Institute of Accountants and sits on the Financial Services Committee of the same Institute.