By means of a resolution of its Council of Administrators, the Foundation for Affordable Housing established its own investment committee. Under the oversight of the same Council, the investment committee’s aim is to administer the first major initiatives of the Foundation with a view to the organisation’s longterm growth.
Commenting on the setting up of the investment committee, the Foundation’s CEO Dr Jake Azzopardi described it as an important signal of good governance and transparency in the organisation’s financial management which shall be the cornerstone for the Foundation’s sustainable growth.
“This is part of the ethical business orientation that this organisation brings to the fore which should ensure lasting social impact,” he said. The Foundation for Affordable Housing was set up in January 2022 but only fully started operating in June of this year.
It has recently published a study with a comprehensive outlook of the issues of affordability. In the coming weeks it is expected to launch its first major product on the local market. CEO Jake Azzopardi will chair the committee composed of members who bring significant experience in the banking and financial sectors.
The Secretary to the Committee and Administrator is Mr Raymond Filletti, and the executive members are Mr Herald Bonnici, Mr Joseph Darmanin and Mr Roberto Buontempo.
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