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Michael C Bonello was initially
appointed Governor of the Central Bank of Malta on 1 October
1999. His appointment has been extended for five years with
effect from 1 October 2008. Previous to his appointment as Governor,
Mr Bonello was a senior official at the United Nations Conference
on Trade and Development (UNCTAD) in Geneva. Between 1983 and
1999 he served in various capacities, among them as Senior Economic
Affairs Officer in the International Trade Division, Chief of
the Policy Clearance Unit, Advisor in the Office of the Secretary-General
and Executive Assistant to the Deputy Secretary-General.
After obtaining a bachelor's degree in languages and economics
from the University of Malta in 1965, Mr Bonello pursued his
studies as a Rhodes Scholar at the University of Oxford, where
he took an honours degree in Philosophy, Politics and Economics
in 1969. In that year he joined the Central Bank of Malta as
a research assistant and later served as Senior Research Officer
from 1971 to 1978. Mr Bonello was also President of the Malta
Branch of the Chartered Institute of Bankers, now the Institute
of Financial Services. In 1978, he left the Bank to join the
private sector, where he held senior management positions and
sat on the Councils of the Chamber of Commerce and the Federation
of Industry until he joined UNCTAD in 1983.
Mr Bonello is a member of the Governing and General Councils
of the European Central Bank, a Fellow of the Institute of
Financial Services and a member of the Board of Governors of
the Malta Financial Services Authority (MFSA).
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