Board of Directors
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 the Chairman of iSpot and SAD, the operators of 1923 Investments’ Apple Premium Resellers in Poland and Hungary, 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.
Mr Hili joined the family business in 1988 and was appointed managing director of Motherwell Bridge, then a joint venture with Motherwell Bridge Group of Scotland. He later also headed the company’s Italian operation and was a board member of Motherwell Bridge Bhicam in the Bahamas. Mr Hili was named Developmental Licencee for McDonald’s in Malta in 2005, for Estonia, Latvia and Lithuania in 2007, for Greece in 2011, and for Romania in 2016. He is Chairman of Premier Capital plc and Chief Executive Officer of Hili Ventures.
Mr Desira started out at the Hili family business in 1997 as an accounts clerk. He was promoted to Management Accountant with the group’s holding company in 2001 and later became financial controller at the group’s IT arm and MB Services. In 2008, Mr Desira graduated from the Association of Chartered Certified Accountants. A year later, he joined Premier Restaurants Malta as Finance Manager. On takeover of the Greek McDonald’s operation in 2011, Mr Desira moved to Athens. He returned to Malta as General Manager overseeing the McDonald’s operation of nine restaurants, including the opening of the Sliema restaurant in 2013. Mr Desira was appointed Chief Financial Officer for the Premier Capital group in May 2014. He was appointed Chief Financial Officer for Hili Ventures in January 2021. Mr Desira also sits on the boards of Premier Capital plc, Hili Finance Company plc, HV Marine Ltd and Motherwell Bridge Industries Ltd. He holds a CPA warrant and is a fellow of the Malta Institute of Accountants and the Association of Chartered Certified Accountants.
Dr Fenech is the Head of Fenech & Fenech Advocates’ Marine Litigation Department. She was elected to the helm of Fenech & Fenech in June 2008, holding the position of Managing Partner for 12 years. After qualifying in 1986 she joined the shipping and commercial firm of Holman Fenwick and Willan in London where she stayed until 1991 prior to joining New Orleans firm of Chaffe, McCall, Phillips Toler and Sarpy. Dr Fenech is the President of the Malta Maritime Law Association and Vice-Chair of the Yachting Services Trade Section at the Malta Chamber of Commerce and Enterprise. Dr Fenech served on the board of directors of Premier Capital plc, the McDonald’s business within Hili Ventures, between 2012 and 2020.
Mr Fritz has occupied key roles within the McDonald’s system around Europe since 1992. He has served as Chief Financial Officer for McDonald’s Central and Eastern Europe, Managing Director in Ukraine, Vice-President Southeast Europe with responsibility for eight countries, Project Leader for diversification and exit in Chicago and Switzerland, Managing Director in Italy, and Vice-President Chief Supply Chain Officer for McDonald’s Europe. After obtaining an MBA in Finance and International Tax from the Economic University in Vienna in 1985, he joined ITT Austria AG as internal auditor. He was later financial analyst at ITT Courier in Phoenix, Arizona, international controller at Alcatel Austria AG, and international controller at Austria-listed mining company VMAG. Mr Fritz is currently a franchisee with McDonald’s in Switzerland in the Canton of Zug.
Executive Team
Mr Busuttil joined 1923 Investments plc in 2020. Based in Malta, he is responsible for the company’s success in achieving its commercial and investment objectives. He also manages shareholder relations and supports the senior executives of the subsidiaries across the 1923 Investments group. Mr Busuttil joined the company from Oceanwood Capital Management of London where he was Portfolio Manager – European Event Driven Fund since 2014. He was previously a Partner (European Equity Absolute Return Fund) at Dalton Strategic Partnership, Vice-President, European Debt Restructuring at Blackstone Advisory Partners, part of the Blackstone Group, and a senior analyst within the Investment Banking Division at Credit Suisse in London. He holds a Master’s in Corporate Finance from SDA Bocconi Business School and is ACCA-qualified. Mr Busuttil is also a board member of Hili Ventures’ subsidiary Hili Finance Company plc.
Mr Mifsud Saydon joined Harvest Technology plc, part of 1923 Investments, in 2016 after a long career across a range of service lines at Ernst & Young in Malta. He has led various external audits in Malta and overseas and headed the Transaction Support Services Department, supporting clients in financial due diligence, business plans, government bid proposals, investigations, feasibility studies and regulatory compliance. Mr Mifsud Saydon has been involved in several risk management assignments and drafted numerous national strategies for online gaming, financial services, ICT and media strategy, and the Eco-Gozo project.
Lorn Chetcuti joined 1923 Investments in 2021 from De La Rue Currency and Security Print Limited, where he was Site IT Manager. He holds a Master of Science in Business Information Systems Management and is highly experienced in project management, business intelligence and knowledge management. At 1923 Investments he is responsible for providing leadership, direction, and guidance to stakeholders while managing operational activities to achieve long and short-range goals and business objectives. As Director of IT, Mr Chetcuti oversees the development and implementation of a strategy that enhances the business value derived from technology.
Deniz Fidanboy joined 1923 Investments in 2021 from McCormick & Company in the UK where she was Corporate Development Director. She was previously responsible for M&A in Eastern Europe for Assa Abloy and prior to that was an Associate Director at HSBC Investment Bank, based in London. She holds a Master’s in Business Administration and is highly experienced in mergers & acquisitions, strategy, and investments. As M&A Director at 1923 Investments, Ms Fidanboy is responsible for evaluating new investment opportunities, performingdue diligence and assuming operational and project management responsibility for the entire lifecycle of a transaction. She is also involved in analysing growth opportunities for existing portfolio companies.
Mr Cefai joined 1923 Investments plc as Director of Human Resources in 2021, having recently held the same role within Hili Ventures, 1923 Investments’ parent company. He has several years’ strategic management experience and has led the human resources function at major international organisations, including Qatar National Hotels Company, Starwood Hotels & Resorts, Camper & Nicholsons Marinas International, and Toly Products. A Six Sigma Green Belt, Mr Cefai has practised human capital management in sectors as diverse as manufacturing and hospitality to uphold the integrity of world-leading brands. He joined Premier Capital plc, Hili Ventures’ McDonald’s business, in 2012 as Director of Human Resources and later moved to the Hili Ventures human resources team with responsibility for various markets.
Ms Dandria joined 1923 Investments in 2019 from GO plc, where she was Content and Digital Media Manager. She is based in Malta and is responsible for the promotion of the 1923 Investments brand, as well as overseeing the overall marketing function, and assisting the subsidiary companies with the development and implementation of their plans. Ms Dandria was appointed Chief Operations Officer of logistics company Carmelo Caruana Company in 2020. She holds years of experience in marketing and product and business development in telecoms and media.
Company Secretary
Dr Miceli Demajo graduated Doctor of Laws from the University of Malta in 2002 and was admitted to the bar in 2003. She has a Master’s in Law specialising in Commercial and Corporate Law from University College London and a Master of Arts in Financial Services from the University of Malta. Dr Miceli Demajo has been a Partner at Maltese law firm Gonzi & Associates since 2012. She was previously Group Legal Advisor at M. Demajo Group, a multi-disciplinary group of companies.
Audit Committee
Karl Fritz
Ann Fenech
Dorian Desira