CSB Group marks 25 years in business
Swatar-based CSB Group established its first representative offices in London and Brazil this year as it celebrated 25 years in business. The offices will promote the group’s brand and service offering internationally.
Established in 1987 by the group’s current chairman Tony Zammit in Valletta, CSB’s initial service lines were credit management and recruitment services. The portfolio widened to include specialised business and commercial services promoting, supporting and protecting larger and smaller organisations within the business community – locally and internationally.
Mr Zammit’s son Michael, now chief executive, joined the business to develop a wider vision for the group as a one-stop-shop for non-Maltese seeking to establish ventures in Malta or relocating to the island. In 2000, father and son ventured into the corporate and fiduciary sphere. Business competencies now include e-businesses, financial services, general trading, yachting, aviation and luxury real estate.
The chairman’s nephew Andrew Zammit, a lawyer, joined to develop the group’s corporate and regulatory consultancy. He is managing partner of the affiliate law firm CSB Advocates.
In 1999, CSB launched the first local job site, VacancyCentre.com, and in 2003 was among the first to support the igaming industry.
More recently it has been involved in the licensing of the first electronic money institution in Malta and the first internet-based foreign exchange trading business in Malta with the regulator.
The group moved to Tower Business Centre in Swatar in 2008.
“Earlier this year we acquired additional office space of 420 square metres for future expansion to introduce a new business service line within the Tower Business Centre and complimentary to the rest of our current service offering,” Michael Zammit said. “We continue to invest in our IT systems including a full off site disaster recovery, as well as in human resources.”
The brand launched its new corporate website earlier this year. Next year, it plans to grow its team from 50 to 60 as it continues to service household names in the aviation, marine, igaming and financial services industries.