Swiss asset managers look to Malta for a solution
Three firms from Malta presented “Malta – ahead of the curve” at an event organised by FinLantern for asset management firms in Geneva, at the Kempinksi Hotel.
The invitation-only event was attended by over 25 Geneva firms, mostly representing alternative investment managers who were there to learn about the solutions Malta has to offer as a fund management jurisdiction.
“It is very encouraging to see our members here to learn more about Malta as a fund domicile and we look forward to our next FinDating event in Geneva on 22nd June”, says Finlantern’s CEO Riccardo Esposito.
Malta’s fund management industry has grown substantially with over $100bn in AUM now managed by Malta domiciled investment managers, according to Joseph Camilleri from BOV Fund Services. “The Swiss asset managers were amongst the first firms to start engaging with Malta as a fund domicile and currently over 20% of our clients are Swiss fund managers and it is increasing year on year. Now, given the FINMA regulation change there are many more unregulated Swiss asset managers looking for solutions outside of Switzerland”, adds Camilleri.
“Malta represents itself as an ideal jurisdiction in terms of regulation, accessibility of the regulator and favourable tax environment from which reinvestment of profits can take place together with the EU passport which allows access to all member states”, states Nicholas Warren from Chetcuti Cauchi.
Malta also has a growing reputation as a domicile for EU Securitisation following substantial growth in the number of securitisation vehicles after the 2014 introduction of the Securitisation Cell Company Regulations, according to Philip Eaton Richards presenting MPG’s securitisation platform solution. “In addition to being an excellent choice of domicile for fund management activities Malta offers a robust regulatory and tax framework for securitisation of assets and the issue of Asset-backed securities. It has been a well-attended event here today and the level of interest shown by Geneva asset management firms in Malta is testimony to the solutions on offer here today”, says Eaton Richards.
Mauro Guerrini, a FinLantern member, comments: “I did not know Malta as a jurisdiction but I was impressed by its flexibility, accessibility and pro-activity; it has been an interesting morning.”
FinLantern, head-quartered in Switzerland, is an international community of finance professionals with the goal of facilitating effective business relationships for their members. With over 120,000 members FinLantern arranges events in the main Swiss and European financial centres.
For further info it's possible to contact:
Philip Eaton Richards
peatonrichards@managingpartnersgroup.com
+356 99866142
Nicholas Warren
nwarren@cclex.com
+356 9919 3510
Joseph Camilleri
joseph.camilleri@bov.com
+356 7908 4242
Riccardo Esposito
Riccardo@FinLantern.com
+41 792265496