The Malta Stock Exchange recently announced the approval of Joh. Berenberg, Grossler & Co KG of Hamburg as its first international member.
Berenberg Bank, as is it popularly known, will be the 13th member of the Exchange, and signifies an interesting development in its history – the result of the internationalisation strategy adopted by the MSE and the international networks that it has established through the Clearstream Banking custodial relationship, and the Xetra trading platform that was adopted in July 2012.
This new development, together with an increasing number of unlisted European companies using the Depository for registry as well as custodial services, augurs well for the development of new business for the Exchange, a statement by the MSE said.