CSB International Ltd, the Corporate Services arm of CSB Group, has recently announced the launch of its new Partnership & Profit-Sharing Framework as a way of sharing its profits with its Senior Managers and Key Executives. As keenly shared by the board of directors, this is an important milestone that will effectively tie together the recognition of high performing team members with the success of the company.
For this purpose, a trust will be established under the Laws of Malta. This will hold the share of profits attributable to the partners, which are then periodically disbursed to the beneficiaries.
A set of criteria along with an assessment process were put in place to enable an objective selection of the new partners and associates. Consequently, the first group of new appointees, who qualified under the set criteria, were presented with the partnership and profit-sharing handbook by Group CEO Michael J. Zammit.
Jean-Claude Cardona, CSB Group Operations and Finance Director, who joined the Group 13 years ago, was appointed at Senior Partner level. He was congratulated for his sterling work, leadership and support throughout the Group’s various achievements.
Director; Dr Franklin Cachia, Senior Managers; Malcolm Ferrante, Timothy Hampton and Michael Parlato Trigona were appointed at associate level whilst Senior Managers; Sacha J. Farrugia, Anne Marie Caruana, Keith Kerr and Sharon Grima were appointed at the first tier of those showing most promise to be appointed as Associates.
Michael J. Zammit remarked that careers and progression develop over a period of time and for this he congratulated the new appointees for their professional growth, loyalty and commitment. In addition, he confirmed that it is the company’s intention to keep appointing additional team members to this framework in order to keep this rewarding mechanism alive and everyone motivated.
As a final remark, he shared that the company believes this significant milestone will bring the team to work even closer besides reaching new heights. “I am very much looking forward to embark on this new chapter. I have full faith that everyone’s efforts are what will keep steering the company in the right direction”.
CSB Group, a family owned and run business, started off in 1987 as a small-scale business operating from a couple of offices in Valletta but with a vision and ambition to grow and evolve. Since then, various milestones have been reached. These include the growth of its headcount to 100+ team members and the expansion of its service portfolio. Such portfolio today includes Corporate, Trust, Accounting, Tax, Regulated Financial Services, VFA Agency Services, iGaming, Investment Migration, Ship, Yacht and Aircraft Registration, Intellectual Property and Recruitment by VC (VacancyCentre).
Attracting the world-class brands of Regus and Sotheby’s International Realty and managing their presence on the Island were other noteworthy milestones. These brands allowed the Group to offer premium serviced office space and prestigious residential and commercial property for sale or rental. Such a diversified range of services has made CSB Group a leading corporate services provider in Malta, uniquely able of offering its clients a 360° approach that efficiently covers all requirements involved when relocating or setting up their operations in Malta.