As part of the strategy to enhance its drive to attract more financial service operators to Malta, Finance Malta is undertaking a strong promotional initiative for the last quarter of 2017 consisting of the organisation’s participation in 11 direct and third party events in London.
These are apart from other initiatives in jurisdictions such as Switzerland, Milan, Dubai, Abu Dhabi, New York, Singapore and Hong Kong. The events are aimed to sustain the growth experienced so far in the key sectors of Malta’s financial services industry.
Finance Malta chairman Kenneth Farrugia said: “Our strategy to increase our presence in London is in line with that of the government, which earlier this month appointed a high-profile Malta-UK Business Promotion Taskforce which will be responsible for business promotion of Malta within the UK. Our plan covers various initiatives supporting the private wealth, insurance and asset servicing sectors. Other initiatives being planned will also cover subsets of the key financial sectors such as securitisations, pensions, protected cell insurance business, venture capital and private equity business and a number of related areas of business.”
Mr Farrugia added: “Brexit will bring about a significant change in the way business is conducted by UK operators currently servicing the financial services industry in the EU’s internal market. Clearly as a non-Member State the UK will be unable to benefit from the passporting rights currently enjoyed by such operators. This will create various opportunities for the Maltese financial services industry, as operators in the UK will be looking at the possibility of the setting up of operations through a branch or a subsidiary in an EU Member State, or to redomicile their business completely from the UK to another EU Member State.”
The first London event focused on ‘UCITS & AIFMD London 2017’ and was held on September 26 and 27. This was followed by another prestigious event focusing on wealth management and family offices. On October 9 and 10, Finance Malta participated in a Fintech event entitled ‘Lendit Europe’ and a captive insurance event entitled ‘European Gateway’ organised by the leading media house Captive Review.
Other events include ‘Malta Solutions for pan European structures’ a discussion event held in conjunction with media house Clear View Media, a roundtable meeting on the opportunities in asset management, wealth management and private banking organised by the Financial Times, an event in collaboration with the Malta Business Network and Malta Enterprise, entitled ‘Malta: European Solutions’ and finally a wealth management event on family business investment opportunities entitled ‘European Family Wealth Forum’ held in conjunction with the authoritative media house Wealth Briefing.