About the Company

Horizon Finance plc was incorporated on the 1st October 2018, and was set up to act as a financing and holding company. The Company is owned, in equal proportions between them, by Zircon Capital Ltd and Cornhill Capital Ltd with the respective ultimate beneficial owners being Drs Kevin Deguara and Jean C. Farrugia.

Meet the Board


Dr. Kevin Deguara

Executive director and Chairman

Dr. Deguara is a qualified lawyer and founder partner of DF Advocates. Dr. Kevin Deguara heads the Private Client Department within the firm. He specializes in international structuring for ultra-high net worth individuals, families, succession, asset protection structuring, citizenship and immigration issues. He has also considerable experience acting as a transactional lawyer specialising in real estate. He has over the last 17 years advised developers and landowners on a variety of residential, commercial, retail, leisure, educational and mixed use developments. He also occupies a number of posts as director on the boards of a number of companies involved in retail, manufacturing, real estate, corporate services and hospitality business.


Benjamin Muscat

Non executive independent director and chairman of the audit committee

Benjamin Muscat is a Certified Public Accountant by profession (Fellow of the Association of Chartered and Certified Accountants – FCCA) with a long career in finance and management at senior executive positions. He has worked in various industry sectors including switchgear manufacturing, food production, beer and soft drink brewing and production and bottling, international fast food franchising, hospitality and timeshare, construction and real estate development, including marketing and selling luxury condominiums. In his capacity as Chief Executive Officer of MIDI Plc a Maltese listed company, Benjamin was key in the development of the Tigne' Point Project. Benjamin was also instrumental in the promotion of the re-generation of part of Malta’s historical Grand Harbour including the development of a cruise ship porting facility locally known as the Valletta Waterfront project. He also has extensive experience in raising project specific funding via banking facilities, third party investment, private placements, and issue of equity and debt instruments through retail offers subsequently listed on the Malta Stock Exchange. Today Benjamin provides professional services as a freelance consultant and independent directorship services.


Dr. Jean C. Farrugia

Non executive director

Dr. Farrugia is a qualified lawyer and founding partner of DF Advocates, a Malta-based lawfirm. Dr. Farrugia has advised and still acts on an ongoing basis for major local and international companies including banks, insurance companies, private equity firms, funds, investment advisors and fund/asset managers, in the setting up and licensing of their business as well as on their regulatory and compliance needs. He also advises on an ongoing basis various entities on corporate related issues, including corporate governance, shareholder rights, directors duties, instrument listing and dematerialisation, private placements, restructuring and M&A operations. Dr. Farrugia also acts as non executive director for a number of regulated entities operating in the financial services sector, including funds and fund management companies with a particular focus on the legal and regulatory aspects of the various operations carried out by such companies, corporate governance, regulatory compliance and AML occasionally accepting appointments also as company secretary, MLRO and Compliance Officer thereby acting as liaison between such licensed entities and the regulator (the Malta Financial Services Authority)


Kenneth Deguara

Non executive director

Kenneth Deguara started his career working for an international ship management company between 1999 and 2006. Occupying the position of accounts manager he was responsible for management accounting, tax compilations and the financial administration of the company. In this position Kenneth became responsible for refit funding management, operational budgets, crew financial management and creditor control.

In 2006 Kenneth joined the DF Group (a group of companies operating in the provision of legal and corporate services) occupying the position of Chief Financial Officer. In this position he has and continues to head the finance department of the DF Group.