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number of operators in the industry 15-20 years ago which primarily just focused on the domestic market.
FM is a member based organisation and is today represented by over 270 members operating in various sectors of the financial services industry. The members view FM as their “support partner” with an aligned interest in not only the organisation of initiatives to promote Malta as a financial centre outside our shores, but also a means of creating networking opportunities for them in their business development thrusts.
At the outset, it was strategically felt that it would be opportune to promote Malta within the European marketplace and the EEA. However, over these last two years, the events that FM organises are now being extended to countries beyond Europe. As a result the strategic focus has been widened in a way so that while we sustain initiatives in the European market with events being organised in a number of EU member states, FM also initiated the process to organise events and initiatives beyond the European borders. In effect, last year FM organised a number of events in the US market which saw initiatives held in New York to promote Malta and its financial services industry. These initiatives focus mainly on the insurance and asset management sectors and will also be extended to family offices/family businesses over the course of this year.
FM has also started to organise events in the Gulf with a number of events held in Dubai and Abu Dhabi. Last year a Memorandum of Understanding was also signed with the Abu Dhabi Global Market (ADGM) as the national regulatory and promotional body for Abu Dhabi’s financial services industry, with the first event planned to be co-organised with ADGM in May. Through this event delegates will be provided with information about Malta as a financial services juris- diction for European business and at the same time to introduce Malta-based operators to Abu Dhabi as a financial centre for financial services operations in the Gulf.
Over the course of this year, FM is also planning to hold events in Turkey, Singapore, Hong Kong and China. These are two relatively “new” markets where FM has in place plans to organise various initiatives to strengthen the visibility of the industry in these countries.
In parallel, FM has also initiated the process to co-organise events with its members particularly those members that also have a presence in FM’s target countries.