Career
Vassallo started his career in Milan at the analysis department of Chase Manhattan Bank. He moved to New York teaching credit analysis,still at Chase. He was transferred to London in 1979 where he specialized in precious and non-ferrous metals. In 1983,he became marketing manager of Chase's Geneva-based private banking arm and to the boards of Chase Bank &Trust in the Channel Islands and Chase Manhattan SA in Luxembourg. He was transferred to Spain in 1988,and appointed general manager of Chase Manhattan Private Bank in Switzerland (overseeing Southern Europe) in 1991. [1]
In 1993,Vassallo left Chase Manhattan to take up the Governorship of the Central Bank of Malta. Vassallo was Governor from 1993 to 1997.
In 1998 Vassallo founded his own company,Francis J. Vassallo &Associates Ltd (FJVA),a corporate services provider licensed by the Malta Financial Services Authority (MFSA). The company group has since branched out,via FJV Fiduciary Limited and FJV Management Limited,into tax,trusts,foundations,regulatory advisory services and yacht registrations. [2]
In 2003,when BAWAG P.S.K. first opened a Maltese subsidiary,Vassallo took the chairmanship of the new company. [3]
Francis J. Vassallo was also a member of the board of directors of FIMBank plc in 2019. [4]
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