Malta, as a hedge fund jurisdiction, has been expanding in the last few years, and avoided the
contraction suffered by many during the credit crisis. In fact, from about 4 registered funds in 2004, the state now has more than 400. Its government and its financial regulator are working hard to support the financial industry, and to promote the Republic as an attractive location.
Malta used to be an
offshore centre, but its adhesion to the European Union transformed it into an onshore centre.
Among its population of around 400,000, many acquire financial services skills at schools and
university, as well as experience abroad before moving back to its warm Mediterranean climate.
Malta is also attracting many foreign financial experts these days.
Maltese and English are the two official languages of the state, which is composed of three major islands, not far from Sicily. In our first ever Roundtable in Malta, find out why and how:
EU passporting, which will be running in parallel with private placements for a while may lead to
confusion
Malta is seeing more managers domiciling than funds
The UCITS revolution will also take place in Malta
Maltese authorities have created and continue to create a very attractive environment for investors
Malta, as a European domicile, differentiates from Luxembourg and Dublin
Attracting quality funds is better than attracting a quantity of them for Malta
Malta saw no bank failures during the financial crisis
Malta’s financial body, the MFSA, authorizes and supervises the industry
The role of the financial services industry in Malta’s GDP
The Malta funds industry is expected to grow externally
Malta is not regarded as a tax haven
Repatriation is important for its industry
The Roundtable took place in late October 2010 at the offices of Malta Financial Services Authority,
and included the following experts:
Ronnie Tanti, Chief Risk Officer, ML Capital
Piotr Skoczylas, Managing Director and Fund Manager, Scotchstone Capital Fund
Prof. J. V. Bannister, Chairman, Malta Financial Services Authority (MFSA)
James Sanders, Managing Director, Plan B Funding Ltd (Malta)
Joseph Taussig, Founder, Taussig Capital AG
Raymond Busuttil, Managing Director, IIG Bank (Malta) Ltd
Many thanks to our 2010 Roundtable Series sponsors Taussig Capital and Custom House Group.
Enjoy “listening in” to the 2010 Opalesque Malta Roundtable!
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