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Edward Scicluna

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Edward Scicluna
Governor of the Central Bank of Malta
Incumbent
Assumed office
1 January 2021
Prime MinisterRobert Abela
Preceded byMario Vella
Minister of Finance
In office
13 March 2013 – 22 November 2020
Prime MinisterJoseph Muscat
Robert Abela
Preceded byTonio Fenech
Succeeded byClyde Caruana
Personal details
Born (1946-10-12) 12 October 1946 (age 78)
Rabat, Malta
Political partyLabour Party
SpouseAstrid Bartoli
ChildrenMark
Katya
Alma materPlater College
University of Malta
University of Toronto
Websiteedwardscicluna.com

Edward Scicluna (born October 12, 1946 in Rabat, Malta) is a Maltese economist and politician. Scicluna assumed the position of Governor of the Central Bank of Malta as from 1 January 2021 for a five-year term.

Biography

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Education and private life

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Scicluna holds a diploma in social studies from the Plater College, Oxford (1972) [1] and degrees in economics from the University of Malta (BA, 1975) and the University of Toronto (MA, 1976, and PhD, 1982).[2] Between 1981 and 1990 he was professor and head of the Department of Economics at the University of Malta where he still holds a lectureship post.

Scicluna is married with two children.[3]

Professional career

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Scicluna has held a number of posts in the public and private sector. He served as chairman of the Malta Council of Economic and Social Development (MCESD) (1999–2003) and of the Malta Financial Services Authority (MFSA) (1997–99), an Electoral Commissioner (1987–93), a Director of the Central Bank of Malta (1996–2003) and a member of Malta's National Euro Changeover Committee (NECC) (2005–2008). He was often selected by the Malta Broadcasting Authority to chair broadcast political debates. In the private sector he was Chairman of the HSBC Malta Bond Fund (since 2002) and of CWG plc and director of MIB Ltd.

Internationally he served on the Council of Europe's Development Bank Auditing Committee (1997–2000) and carried out consultancy and advisory work for the European Commission (particularly on the single currency), UNESCO, the United Nations Environment Programme (UNEP) (1987–97), the IMF delegation, the governments of Albania, Croatia, Libya and Turkey and a number of credit rating agencies.

Political career

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Member of the European Parliament, 2009–2013

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Scicluna joined the Labour Party in 2009 and was elected MEP at the 2009 European Parliament election in Malta. He was appointed vice-chairman of the Committee on Economic and Monetary Affairs, member of the delegation to the ACP–EU Joint Parliamentary Assembly and substitute member on the Committee on the Environment, Public Health and Food Safety and the delegation for relations with the countries of Southeast Asia and the Association of Southeast Asian Nations (ASEAN).[7]

Minister of Finance, 2013–2020

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Scicluna was then elected MP for the Labour Party at the 2013 Maltese general election. On 13 March 2013 he was appointed Finance Minister in the new Labour government of PM Joseph Muscat.[8]

Scicluna, along with then-Health Minister Konrad Mizzi, Former Prime Minister Joseph Muscat and former Chief of Staff Keith Schembri, is the subject of a Criminal Court Case over the deal with Vitals Global Healthcare.[9] "Chris Fearne, Edward Scicluna to appear in court on May 29". 14 May 2024.</ref>

Governor of Malta's Central Bank

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Scicluna assumed the position of Governor of the Central Bank of Malta as from 1st January 2021 for a five-year term.[10] In 2024, Scicluna was charged with fraud and misappropriation related to a 2015 deal that saw the management of three hospitals transferred to private firm Vitals Global Healthcare.[11] After various calls to resign,[12] a mutual agreement was reached between the Cabinet and Scicluna to temporarily step aside, whilst retaining his salary.[13][14]

Political offices
Preceded by Minister of Finance
2013–2020 		Succeeded by
Clyde Caruana

References

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  1. ^ "The Minister". mfin.gov.mt. Archived from the original on 18 May 2019. Retrieved 18 May 2019.
  2. ^ "Edward Scicluna". www.edwardscicluna.com. Retrieved 24 February 2018.
  3. ^ "Oaths and hats take centre stage at Parliament's official opening". MaltaToday.com.mt. Retrieved 18 May 2019.
  4. ^ Board of Governors: Edward Scicluna European Stability Mechanism.
  5. ^ Board of Governors Asian Infrastructure Investment Bank (AIIB).
  6. ^ Board of Governors International Monetary Fund (IMF).
  7. ^ "Search for a Member | MEPs | European Parliament". www.europarl.europa.eu. Retrieved 24 February 2018.
  8. ^ "PRESS RELEASE BY THE MINISTRY FOR FINANCE Minister for Finance Edward Scicluna in London for meetings". www.gov.mt. Retrieved 18 May 2019.
  9. ^ "Three ministers to face criminal inquiry over Vitals deal, appeal rejected". 29 November 2019.
  10. ^ Borg, Amy (29 December 2020). "Prof. Scicluna officially appointed as Central Bank governor". newsbook.com.mt. Retrieved 19 March 2023.
  11. ^ Cummings, James (8 May 2024). "Who's who: The people and businesses facing charges linked to hospitals deal". Times of Malta. Retrieved 26 June 2024.
  12. ^ "Edward Scicluna defiant amid calls for resignation: 'We have our own rules'". Times of Malta. 25 July 2024. Retrieved 31 July 2024.
  13. ^ "Edward Scicluna agrees to step aside - but keeps full salary". Times of Malta. 30 July 2024.
  14. ^ "Stqarrija għall-Istampa". Gvern ta' Malta (in Maltese).
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Media related to Edward Scicluna at Wikimedia Commons

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