Maltese fund administration business picks up in 2010
Fund administrators in Malta have seen a massive increase in business in 2010 from new start-up hedge funds as well as redomiciliations. Ucits IV and more custodians should increase 2011 prospects.
Malta’s wait to be bounced into the top tier of fund jurisdictions may be over if predictions from Brendan Conlon, business development director at SGGG Fexco Fund Services (Malta), come to pass.
He predicts that at least three fund platforms will be launched in Malta before the end of the first half of 2011. “These are very big names. Two are large North American banks,” he reveals. “This will put Malta in a different league altogether. So far it has not attracted top-tier names but in 2011 that
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