The Malta Business Weekly

FinanceMal­ta to participat­e in 11 different events in London in Q4 of 2017

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As part of the strategy to enhance its drive to attract more financial service operators to Malta, FinanceMal­ta 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, NY, 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.

Commenting about these events FinanceMal­ta Chairman, Kenneth Farrugia said that “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 that, “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 pass-porting 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’ was held on the 26th and 27th September, This will be followed by another prestigiou­s event focusing on wealth management and family offices. On the 9th and 10th October, FinanceMal­ta 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 ClearView 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 fam- ily business investment opportunit­ies entitled ‘European Family Wealth Forum’ and held in conjunctio­n with the authoritat­ive media house Wealth Briefing.

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