FECMA Officials

Josef Busuttil (President)

MBA (Henley), Dip. M MCIM, FICM, Chartered Marketer 

Josef was involved in the setting up of the Malta Association of Credit Management (MACM – www.macm.org.mt) and has been administering the Association since its establishment in June 2001. MACM provides a central national organisation for the promotion and protection of all credit interests pertaining to Maltese businesses. He was later appointed Director General of MACM.
Josef has been a member of the Council of FECMA - Federation of European Credit Management Associations (www.fecma.eu), representing the Maltese trade creditors in this European forum, since MACM joined FECMA in May 2003. He is an active council member and after twelve years occupying the role of FECMA Vice President, Josef was elected President of FECMA in November 2016.
Josef has sixteen years of experience in the Financial Services Sector, starting his career as a bank official and later joined a leading Maltese financial services company, specialising in financial advise. He is also a qualified financial advisor.
Josef read Marketing obtaining a Post Graduate Diploma of The Chartered Institute of Marketing (UK), and later became a Member of the Institute. In 2007, he has been awarded Chartered Marketer status by the Chartered Institute of Marketing.
Josef has obtained his Masters in Business Administration - Henley Management College (UK), focusing his thesis on ‘Granting and Managing Trade Credit’. In recognition to his work in the field of credit management, both in Malta and in Europe, the Chartered Institute of Credit Management - CICM of the UK awarded him with Honorary Fellowship.
Josef is an intuitive lecturer and speaker, specialising in trade credit management strategies that enable the credit function to gain and sustain competitive advantage in the market, whilst ensuring sound cash flow and long-term profit.
He lectures Advanced Credit Management and Business Studies at MACM Training Centre - The accredited Teaching Centre of The Chartered Institute of Credit Management (UK) for Malta.
He delivers in-house training for firms and workshops for organised groups. Josef has also contributed to a number of business workshops, seminars and leading conferences organised by highly reputable international organisations and institutions, such as The European Commission, in a number of countries, including Antwerp, Berlin, Bucharest, Dubai, Dublin, Johannesburg, Kuala Lumpur, London, Madrid, Malta, Mexico City, Moscow, Paris, and Vilnius. Josef is a regular contributor of business articles to the international business press.

Prof. Ludo Theunissen (Vice President)

Ludo Theunissen holds degrees in engineering (Ghent University) and Management (Vlerick Business School). In his career he combined academic and business assignments.

He has worked for large multinational organizations (Volkswagen, Unisys) as well as for SME’s in Belgium and abroad. He is president of the Instituut voor Kredietmanagement (www.ivkm.be), the Belgian Association for Credit managers, and an active member of the FECMA council.

He is a visiting professor at Ghent University and at the Royal Military Academy in Brussels.

He is active as a consultant and lecturer in different countries on topics such as Financial Statement Analysis, Credit Management, Investment Analysis.

Philip King (Vice President)


Philip has been the Chief Executive of the Chartered Institute of Credit Management  (www.cicm.com), the largest credit management association in Europe, since 2006.  Prior to that, he had 26 years practical experience in trade, consumer, and international credit management.

He is widely recognised in the UK and internationally as an expert and speaker on good business practice and, in particular cash-flow and credit management for businesses of all sizes.  Philip is the author of the Managing Cashflow Guides which were produced for the Department for Business, Energy & Industrial Strategy (BEIS) and of which there have now been over 500,000 downloads.

In addition to leading the Chartered Institute of Credit Management in its work to raise the profile and professionalism of credit management, Philip sits on a number of industry and UK government-led bodies, co-chairs the Prompt Payment Code Advisory Board and chairs the Joint Insolvency Committee.  The Chartered Institute of Credit Management also administers the Prompt Payment Code for BEIS, and works closely with it in supporting the development of late payment and enterprise policy.

Philip is active on social media using @CICM_HQ and @philipkingicm on Twitter.

Jan Schneider-Maessen (Treasurer)