Valletta Fund Management becomes BOV Asset Management

Valletta Fund Management Ltd has changed its name to BOV Asset Management Ltd.

This change in name reflects the fact that BOV Asset Management is now a fully-owned subsidiary of Bank of Valletta plc, following the acquisition by Bank of Valletta Group of the 40 per cent shareholding of Insight Investment Management Ltd

Speaking about the rebranding, BOV Chief Business Development Officer Kenneth Farrugia said: “This change reflects the bank’s strategy to focus on the long-term sustainability of our business in terms of the new asset management strategic initiatives that will be taken forward by the bank through its subsidiary. Since it was set up in 1995, Valletta Fund Management has established itself at the forefront of the fund management industry in Malta and reinforces the bank’s position as a fullyfledged financial services provider that provides tailormade and specialised portfolio management solutions to retail and institutional clients.”

BOV Asset Management Executive Head Mark Agius said that today the company is strongly positioned as Malta’s leading organisation in the asset management area, providing innovative solutions to its clients. In fact, earlier this month, the company launched on the market three new portfolio funds under a common contractual fund structure. These new investments, namely the BOV Conservative Portfolio Fund, BOV Balanced Portfolio Fund and BOV Growth Portfolio Fund, are portfolio funds of the BOV Investment Fund.

These highly innovative investment products have been structured mindful of the fact that the level of uncertainty in capital markets changes over time. Consequently, the Portfolio Manager will be investing in an array of asset classes to help diversify the portfolio whilst seeking to maintain it at the same level of risk tolerance.

BOV Asset Management shares the same vision and strategic goals of the BOV Group, which pivots on customer-centricity. “Harnessing innovation as a means of ensuring that our financial solutions are tailored to address clients’ changing needs in today’s dynamic environment and increasingly digitalised world remains a prerogative for BOV Asset Management,” explained Mr Agius. He also revealed that BOV Asset Management is in the process of extending its current licence to asset management services offerings beyond collective investment schemes, in order to be able to meet the growing demand for bespoke portfolio management services to institutional clients.

“This is an important milestone, not only for BOV Asset Management but for all the BOV Group,” said Mr Farrugia in conclusion. “It dovetails with the bank’s focus on customercentricity, driven by good corporate governance and financial sustainability, thereby adding value to our customer proposition.”