Mr Borg is a fellow of the Chartered Institute of Bankers (UK) and holds a banking degree and a Masters degree in financial legislation from the University of Malta. He is also the Chairman of IG Finance plc, Virtu Finance plc, and a director and CEO of PG plc. He retired from Malta’s Bank of Valletta in 2015 following a career of 34 years during which he occupied various senior management positions, including that of Chief Executive Officer between 2011 and 2015. He has occupied directorship positions of listed companies in Malta and was appointed Chairman of the Housing Authority during the period 2008 to 2011. He also chaired the Audit Boards of the European Investment Fund and of Mapfre Middlesea Insurance. Mr Borg has served as a director on the World’s Savings Bank in Brussels and was also the President of the Institute of Financial Services and the President of the Malta Bankers Association.