Edward Scicluna

Edward Scicluna


Governor of the Central Bank of Malta
Incumbent
Assumed office 1 January 2021
Prime Minister	Robert Abela
Preceded by	Mario Vella
Minister of Finance
In office 13 March 2013 – 22 November 2020
Prime Minister	Joseph Muscat Robert Abela
Preceded by	Tonio Fenech
Succeeded by	Clyde Caruana

Personal details
Born	(1946-10-12) 12 October 1946 (age 77) Rabat, Malta
Political party	Labour Party
Spouse	Astrid Bartoli
Children	Mark Katya
Alma mater	Plater College University of Malta University of Toronto
Website	edwardscicluna.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 1st January 2021 for a five-year term.

Biography

Education and private life

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

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 Change-over 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 Environmental Programme (UNEP) (1987–97), the IMF delegation, the governments of Albania, Croatia, Libya and Turkey and a number of credit rating agencies.

European Stability Mechanism (ESM), Member of the Board of Governors^[4]^[when?]
Asian Infrastructure Investment Bank (AIIB), Ex-Officio Member of the Board of Governors^[5]^[when?]
International Monetary Fund (IMF), Ex-Officio Member of the Board of Governors^[6]^[when?]

Political career

Member of the European Parliament, 2009–2013

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

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 and Chris Cardona, is subject of a magisterial inquiry over the deal with Vitals Global Healthcare.^[9]