Global appointment

John Mark Rusher has been appointed as the head of private clients' division within the Global Capital group, to grow the services available for high net worth individuals for Maltese and international clients. Mr Rusher has held various senior posts in portfolio management for companies including Royal Bank of Scotland, Millfield Partnership Ltd and the Lifetime Group. With 27 years of experience, he specialises in wealth management, business leadership and taxation.

"Mr Rusher's appointment is a clear statement of the level of service that we want to give to our existing and prospective clients," chief office for business development Oliver Said commented.

"We strive to achieve international levels of service with the provision of independent financial planning solutions for high net worth clients. GlobalCapital can offer such service because of its experience in the local and international market, a highly professional team and vast array of products and services from the best international fund managers."

The company wants to use its private clients' team to make further inroads in the international financial services arena.

The private clients' team is based in the recently refurbished offices in Ta' Xbiex, where the team is supported by the group's treasury, stockbroking and fund research teams.




Debate Europe!

The European Commission's new interactive Debate Europe website is now live, offering people the chance to participate in an open debate on topics such as the future of Europe, energy and climate change, intercultural dialogue and miscellaneous other topics. The debate will be in all official languages, including Maltese.

The debate will continue 24 hours a day, seven days a week for the rest of the year. To ensure that there is a real exchange between the EU and the public, Commission staff can join in the debate at any time and experts will be invited.

http://europe.eu/debateurope/




New financial management company

MFSP Financial Management Ltd was granted a Category 2 licence by the Malta Financial Services Authority. Besides providing investments services, MFSP Financial is also a tied insurance intermediary of Middlesea Valletta Life Assurance.

MFSP Financial is led by four partners who have a solid and broad-based experience in the financial services sector. The company offers financial advice on a variety of investment products to help diversify and expand their clients` investments locally as well as internationally.




Gasan buys Maltapost shares

Gasan Mamo Insurance has bought shares in Maltapost pushing it over the five per cent threshold for shares with voting rights. The company said in an announcement that it now holds 1,591,160 shares, the equivalent of 5.683 per cent of the issue share capital in Maltapost plc.

The voting rights are partly held by Gasan Mamo (383,723 shares) while the balance are held in the name of custodians.




BOV increases voting rights

Following the allotment of 22,500,451 bonus shares of a nominal value of €0.75 each fully paid up on the close of business on January 15, the total number of voting rights has increased to 133,333,333 votes, represented by BOV's issued and paid up capital of €100 million, divided into 133,333,333 ordinary shares with a nominal value of €0.75 each fully paid up. BOV plc has an authorised share capital of €150 million, divided into 200 million ordinary shares with a nominal value of €0.75 each.

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