Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

20256

JTC enhances Malta capabilities with trustee LICENCE

RELATED TOPICS​

JTC Malta has been awarded a licence by the Malta Financial Services Authority (MFSA) that will significantly enhance its institutional and private client services offering from the jurisdiction.

The new licence was granted to JTC in December 2015 and being authorised and regulated by the MFSA under the Trust and Trustees Act means that JTC Trustees (Malta) Ltd is now able to act as trustee or co-trustee and provide other fiduciary services, including acting as administrators of private foundations.
 
Having been granted Company Service Provider registration by the regulator early last year, this second licence for JTC Malta means that it is now authorised to provide and perform a wider range of services and reflects Malta’s position as a growing and important European and international financial centre.
 
JTC established a presence in Malta in 2014 in order to widen its geographical reach and strengthen its presence within Europe. Thanks to its robust regulatory and legislative framework, its membership of the European Union and inclusion in the Eurozone, Malta is considered a major financial hub in the Mediterranean region offering access to European markets and a convenient gateway to North Africa.
 
In particular, Malta has positioned itself strongly as a trust jurisdiction and introduced updates to its trust law in 2014. The amendments included the introduction of the Private Trust Company (PTC), which is proving appealing to High Net Worth Individuals (HNWIs) and their families who require tailor-made trustee solutions.
 
Stuart Pinnington, Group Head of Institutional Services, says: ‘Obtaining this registration in Malta reinforces our commitment to providing clients with a truly international offering that spans both private and institutional client services.  Many of our clients are interested in a strong European base for their corporate work that shares their global focus and, with its EU status and strong ties to Africa, Malta provides us with an excellent platform to meet those needs. This licence positions us strongly for future growth within Malta, and is another crucial step in continuing to expand our global footprint.’
 
Nadine Cachia (pictured), Managing Director, JTC Malta, adds: ‘This licence is the second to be granted to JTC Malta and reflects just how committed the business is to the jurisdiction. Malta has made great strides in positioning itself as a centre for private wealth business, able to offer its own cutting edge domestic trust law, high professional standards and authorisation for trustees. With this licence now in place we are firmly focused on developing our institutional and private client services offering further and on expanding our team in Malta.”

Latest News

EFAMA has commented on today’s vote by the European Parliament in favour of a new..
Morgan Stanley Investment Management (MSIM) has announced the launch of the MS INVF Systematic Liquid..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins..

Related Articles

Juan Nozal, Mapfre Asset Management
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024, in what he predicts will be an outstanding year for this asset class...
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024,..
n response to the increased attention to climate change risk, institutional investors, asset managers, and asset owners in the US are committed to implementing a variety of measures to address climate change and reach their net-zero goals, according to Cerulli Associates...
n response to the increased attention to climate change risk, institutional investors, asset managers, and asset owners in the US..
Lord Hollick, House of Lords
A House of Lords committee has raised “significant concerns” over the role of UK regulators, their ability to operate with genuine independence from government and how they are held to account...
A House of Lords committee has raised “significant concerns” over the role of UK regulators, their ability to operate with..
Rob Edwards, Morningstar
The complexities of assessing performance from responsible investment strategies have been laid bare after Morningstar’s ESG indices delivered a mixed bag in 2023...
The complexities of assessing performance from responsible investment strategies have been laid bare after Morningstar’s ESG indices delivered a mixed..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by