Tonio Fenech (born 5 May 1969) is a Maltese politician who served in the government of Malta as Minister of Finance, Economy and Investment from March 2008 to March 2013,"New Cabinet sworn in"
''Times of Malta'', 12 March 12, 2008. and was a member of the

Parliament of Malta The Parliament of Malta () is the constitutional legislative body in Malta, located in Valletta. The parliament is unicameral, with a democratically elected House of Representatives and the president of Malta. By constitutional law, all gover ...

from 2003 to 2017.

Biography

Fenech graduated in

accountancy Accounting, also known as accountancy, is the process of recording and processing information about economic entities, such as businesses and corporations. Accounting measures the results of an organization's economic activities and conveys ...

at the

University of Malta The University of Malta (, UM, formerly UOM) is a higher education institution in Malta. It offers undergraduate bachelor's degrees, postgraduate master's degrees and postgraduate doctorates. It is a member of the European University Association, ...

in 1992. He is a warranted

accountant An accountant is a practitioner of accounting or accountancy. Accountants who have demonstrated competency through their professional associations' certification exams are certified to use titles such as Chartered Accountant, Chartered Certif ...

and

auditor An auditor is a person or a firm appointed by a company to execute an audit.Practical Auditing, Kul Narsingh Shrestha, 2012, Nabin Prakashan, Nepal To act as an auditor, a person should be certified by the regulatory authority of accounting an ...

.Profile at official website
He joined

Price Waterhouse PricewaterhouseCoopers, also known as PwC, is a multinational professional services network based in London, United Kingdom. It is the second-largest professional services network in the world and is one of the Big Four accounting firms, along ...

in July 1993 as an auditor, later moving on to the management consultancy practice,eurelectric
biography of Minister Fenech Convinced by former PN leader

Eddie Fenech Adami Edoardo "Eddie" Fenech Adami (born 7 February 1934) is a Malta, Maltese and Nationalist Party (Malta), Nationalist politician who served as the prime minister of Malta from 1987 until 1996, and again from 1998 until 2004. Subsequently, he was t ...

to get involved in politics, Fenech was elected as a

Birkirkara Birkirkara (abbreviated as B'Kara or BKR) is a city in the Eastern Region, Malta, Eastern Region of Malta. It is the second most populous on the Malta (island), island, with 24,356 inhabitants as of 2020. The town consists of five autonomous pari ...

local councillor for the Nationalist Party in March 1997. Following the 1998 election, Fenech was appointed Mayor of

. Fenech contested the local council elections three times. Among his political appointments, Fenech was also a member of the Housing Authority Board from 1998 to 2003, and member of the e-Malta Commission from 2001 to 2003. At the 2003 Maltese general election Fenech was elected Member of Parliament for the 8th electoral District, and was subsequently appointed as observer to the

European Parliament The European Parliament (EP) is one of the two legislative bodies of the European Union and one of its seven institutions. Together with the Council of the European Union (known as the Council and informally as the Council of Ministers), it ...

between May 2003 and March 2004. Fenech was appointed Parliamentary Secretary in the Ministry of Finance by Prime Minister Lawrence Gonzi on 27 March 2004. While at the Ministry of Finance, Fenech worked on Malta's convergence with the

Maastricht criteria The euro convergence criteria (also known as the Maastricht criteria) are the criteria European Union member states are required to meet to enter the third stage of the Economic and Monetary Union (EMU) and adopt the euro as their currency. Th ...

for accession to the

eurozone The euro area, commonly called the eurozone (EZ), is a Monetary union, currency union of 20 Member state of the European Union, member states of the European Union (EU) that have adopted the euro (Euro sign, €) as their primary currency ...

. Fenech was also given responsibility for the termination of works at Mater Dei Hospital. Following the 2008 election, Fenech was appointed as Minister of Finance, Economy and Investment in Lawrence Gonzi's cabinet. Fenech was responsible for managing Malta's economy throughout the international economic and financial crisis. Despite these challenges, Malta's economy continued to register growth, while the jobless rate remained among the lowest in the European Union. Fenech was also responsible for reforms, including the privatisation of Malta Dockyard and the restructuring of Air Malta. Fenech did not contest the 2017 Maltese general elections, deciding to leave politics, after 20 years, at 48 years of age.Times of Malta
5 May 2017 He has since worked in the private sector. In October 2017, Fenech was reprimanded by the Malta Financial Services Authority for negligence in his role as director of Falcon Funds, an investment fund which lost millions in Swedish pensioners' savings. Fenech was prohibited from taking on new appointments in financial services for two years.Malta Today
7 Oct 2017

References

{{DEFAULTSORT:Fenech, Tonio Members of the House of Representatives of Malta Living people 1969 births Nationalist Party (Malta) politicians Maltese Roman Catholics Place of birth missing (living people) People from Birkirkara Finance ministers of Malta Economy ministers of Malta 20th-century Maltese politicians 21st-century Maltese politicians