100 German Executives Briefed on Malta Jurisdiction

MEDIA ROOM

As read in The Times of Malta, around 100 senior executives from German law firms, banks, wealth management firms, fund managers and administrators attended an event at Villa Kennedy in Frankfurt showcasing Malta as a financial services jurisdiction.

The half-day seminar was organised by the Financial Times Global Events of London in collaboration with Finance Malta in the financial centre of Europe’s largest economy. Delegates represented banks, insurance and investment companies.

Finance Minister Tonio Fenech highlighted the key benefits Malta offers to international investors, such as a strong and diversified economy, a motivated, trained and highly-skilled workforce, top class ICT infrastructure, market access, stable social and political environments and a balanced financial regulatory regime. He also outlined the country’s plans to transform itself into a centre of excellence in six areas, Vision 2015.

Mr Fenech pointed out Malta and Germany already had a strong relationship with more than 50 German firms operating in the country in diverse sectors such as insurance, manufacturing and engineering, logistics, maritime, ICT and tourism. Direct investment from Germany totals €24.5 billion.

Finance Malta chairman Kenneth Farrugia was interviewed by seminar chair, Michael Imeson, editor of The Banker.

Promoting financial services in Malta

Mr Farrugia highlighted Finance Malta’s main objectives of promoting financial services, indicated some of this past years’ achievements and previewed its priorities for next year.

He explained how Finance Malta brings together resources from industry and government to ensure the continuous growth and prosperity of the sector, adding that it was looking at innovative ways of informing foreign investors about the potential benefits of doing business in Malta.

Other presentations were delivered by MFSA chairman Joe V. Bannister and economist Gordon Cordina. Panel discussions on insurance, banking, wealth and investment management were also led by Finance Malta members.