Pace was named in the role during a re-appointment hearing earlier this week, but will not officially take on the position until it is published on Malta’s Government Gazette, an MGA source confirmed to iGB.
Lawyer Pace was deputy chairperson of the MGA throughout the past year and also took on the functions and responsibilities of chairperson when Heathcliff Farrugia stepped down in October.
Farrugia had served as chief executive and acting chairperson prior to resigning from the regulator.
He was appointed to the role in April 2018, having initially joined the MGA in 2014 as its chief operations officer.
Despite not being officially confirmed in the new role, Pace has been added to the board of directors on the MGA’s website, albeit under his existing position of deputy chairperson.