Audit Committee – Melite Finance PLC

The members of the audit committee are:

Paul Mercieca


Paul Mercieca is a certified public accountant and was the Chief Executive Officer of Deloitte, Malta for 23 years up to 31 December 2013. He was also Deloitte Malta’s first Risk and Reputation Leader. Whilst at Deloitte, Malta, Paul was responsible for a number of clients operating in various sectors of the economy including one of Malta’s largest banks and companies listed on the Malta Stock Exchange. He served as a member of the Malta Accountancy Board for eight years between 1988 and 1996 and is a former member of Council of the Malta Institute of Accountants. Paul was also the Chairman of the Institute’s Risk Management Committee and served on the Independence, Ethics and Regulatory Committee. Paul has also served on the board of directors of various companies and is currently a director of five insurance companies and a SICAV all regulated by the Malta Financial Services Authority, and also of two locally listed companies, besides other companies, where in some instances, he also chairs the board. Paul has experience of serving on audit committees and currently chairs the audit committees of five Maltese companies. Paul was recently appointed as liquidator of an insurance company registered in Malta which wrote business exclusively in Ireland and is responsible for the proper and orderly winding down of the company.

Stanley Portelli


Dr Stanley Portelli is a lawyer by profession and is a partner at a Maltese law firm. He obtained his doctorate in law from the University of Malta in 1995. In 1993 he was elected by popular vote in his district to serve as a local councillor for a period of four years. From 1994 to 2001, Dr. Portelli was employed with the Financial Services Unit at Coopers & Lybrand and eventually PricewaterhouseCoopers. He was a director of Malta Investment Management Co Ltd (MIMCOL) and Malta Government Investments Ltd between 2004 and 2008. In 2007 he was appointed member of the Port Workers Board representing Malta Freeport Terminals, and in 2008 was appointed member of the Board of the Lotteries and Gaming Authority, a post he held until April 2013. Between 2001 and 2009 he also held the position of executive Director for Human Resources, Legal and Corporate Affairs as well as Company Secretary at Malta Freeport Terminals Ltd. and Freeport Terminal (Malta) plc, where he was also on the Board of Directors from 1999 to 2004. Until March 2013 he was the Chief Executive Officer of the Authority for Transport in Malta (Transport Malta), having overseen the amalgamation in 2010 of what were previously three distinct transport regulatory entities. Dr Portelli currently also serves as a non-executive director on a number of Maltese companies involved in various cross-border and overseas activities, as well as listed and regulated entities. He is also a consultant to a number of family-owned businesses. He is a member of the Chamber of Advocates and the Institute of Financial Services Practitioners.

Jacqueline Briffa


Jacqueline (also known as Jackie) Briffa graduated with a Bachelor of Accountancy (Honours) degree from the University of Malta in 1989 and joined Manduca, Mercieca & Co (later, Deloitte Malta), working on various high-profile audit assignments, including those relating to Bank of Valletta plc and Merrill Lynch Bank London. She obtained a warrant to practice as a Certified Public Accountant (CPA) in 1990 and an Auditing Practising Certificate in 1992. During her time at Deloitte Malta, Jackie occupied other roles including in indirect tax advisory, corporate and financial advisory services. She also led Deloitte Malta’s regulatory and compliance function and served as the firm’s compliance director and money laundering reporting officer between 2003 and 2005.

Jackie was admitted as an associate member of the Malta Institute of Taxation in 1995, as an associate member of the Malta Institute of Financial Services Practitioners and as a fellow member of the Malta Institute of Accountants in 2000. During 2004 and 2005, she served as a member of the Anti-Money Laundering ad hoc Committee of the Malta Institute of Accountants.

Jackie joined the Alf. Mizzi & Sons Group in March 2005 and occupies the post of Executive Director and Chief Administrative Officer of Alf. Mizzi & Sons Ltd. She served as company secretary of a number of companies forming part of the group until 2014 and was a member of the Expenditure Monitoring Board of Alf. Mizzi & Sons (Marketing) Ltd until 2009. She is currently a member of the Internal Audit Committee and of the Finance and Treasury Committee of Alf. Mizzi & Sons Group. She also serves as a non-executive director on the boards of a number of companies forming part of the Alf. Mizzi & Sons Group and a number of associated and related companies thereof.