Tonio Fenech (born 5 May 1969) is a

Maltese Maltese may refer to: * Someone or something of, from, or related to Malta * Maltese alphabet * Maltese cuisine * Maltese culture * Maltese language, the Semitic language spoken by Maltese people * Maltese people, people from Malta or of Malte ...

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 ( mt, Il-Parlament ta' Malta) is the constitutional Legislature, legislative body in Malta, located in Valletta. The parliament is Unicameralism, unicameral, with a democratically elected House of Representatives and the ...

from 2003 to 2017.

Biography

Fenech graduated in

accountancy Accounting, also known as accountancy, is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. Accounting, which has been called the "languag ...

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 Certi ...

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 is an international professional services brand of firms, operating as partnerships under the PwC brand. It is the second-largest professional services network in the world and is considered one of the Big Four accounting ...

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 Maltese politician and Nationalist politician who served as the prime minister of Malta from 1987 until 1996, and again from 1998 until 2004. Subsequently, he was the seventh presiden ...

to get involved in politics, Fenech was elected as a

Birkirkara Birkirkara (abbreviated as B'Kara) is a city in the central region of Malta. It is the second most populous on the island, with 24,356 inhabitants as of 2020. The town consists of five autonomous parishes: Saint Helen, Saint Joseph the Worker, Ou ...

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 General elections were held in Malta on 12 April 2003.Dieter Nohlen & Philip Stöver (2010) ''Elections in Europe: A data handbook'', p1302 The result was a victory for the Nationalist Party, which won 35 of the 65 seats in Parliament. Results ...

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 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 adop ...

between May 2003 and March 2004. Fenech was appointed Parliamentary Secretary in the Ministry of Finance by Prime Minister

Lawrence Gonzi Lawrence Gonzi, (born 1 July 1953) is a Maltese politician, retired Nationalist politician and lawyer, who served for twenty-five years in various critical roles in Maltese politics. Gonzi was Prime Minister of Malta from 2004 to 2013, and lea ...

on 27 March 2004. While at the Ministry of Finance, Fenech worked on Malta's convergence with the Maastricht criteria for accession to the

eurozone The euro area, commonly called eurozone (EZ), is a currency union of 19 member states of the European Union (EU) that have adopted the euro ( €) as their primary currency and sole legal tender, and have thus fully implemented EMU polic ...

. Fenech was also given responsibility for the termination of works at

Mater Dei Hospital Mater Dei Hospital (MDH; mt, Sptar Mater Dei), also known simply as '' Mater Dei'', is an acute general and teaching hospital in Msida, Malta. It was opened in 2007, replacing St. Luke's Hospital. It is a public hospital affiliated to the Universi ...

. Following the 2008 election, Fenech was appointed as Minister of Finance, Economy and Investment in

'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 Malta Dockyard was an important naval base in the Grand Harbour in Malta in the Mediterranean Sea. The infrastructure which is still in operation is now operated by Palumbo Shipyards. History Pre-1800 The Knights of Malta established dockyard ...

and the restructuring of

Air Malta Air Malta plc (stylized as airmalta) is the flag carrier airline of Malta, with its headquarters in Luqa and its hub at Malta International Airport. It operates services to destinations in Europe, the Middle East and North Africa. History ...

. 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 The Malta Financial Services Authority (MFSA) is a financial regulator of Malta. The MFSA was founded in 2002 when it assumed the responsibilities of the Central Bank of Malta, the Malta Stock Exchange, and the Malta Financial Services Centre. ...

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