Malta: Hili Properties, a division of Hili Ventures, has appointed Margrith Lütschg-Emmenegger to chair its board of directors.
Ms Lütschg-Emmenegger is a career trade finance banker and a specialist in forfaiting and factoring. She has been president of the Malta-headquartered trade finance banking group FIMBank plc since 2004.
Hili Properties comprises an extensive portfolio of strategic assets held by Hili Ventures in Malta and around Europe. The portfolio is dominated by commercial real estate in prime locations, among which the Hili Ventures head office in Marsa. It also features residential property with key addresses locally and in cities including Riga.
The portfolio includes property housing McDonald’s restaurants in Latvia, Estonia, Lithuania, and Malta. The restaurants are operated by Premier Capital plc, another division within Hili Ventures.
Educated in Switzerland, Ms Lütschg-Emmenegger joined the board of the Swiss Association of Forfaiters in 1983, and was founding chairman of the Association of Forfaiters in the Americas in 1995. In 1999, she co-founded the International Forfaiting Association and served as deputy chairman until September 2003.
Ms Lütschg-Emmenegger has written extensively on forfaiting and has lectured about forfaiting and factoring around the world. Euromoney published her book “A Guide to Forfaiting” in 1998.
“With her extensive experience in international finance, Margrith is a perfect fit for the chairmanship of Hili Properties,” Hili Ventures chairman and chief executive officer Melo Hili said. “We are set to position Hili Properties on an accelerated growth path to meet specific strategic objectives – to acquire real estate in prime locations for long-term lease. We are confident her knowledge of property financing and her expertise in multinational trade will steer Hili Properties on the right course.”