The genesis of the Malta Asset Service Association (hereinafter “MASA”) goes back to 22 September 2003 by two of its current members, HSBC Global Asset Management (Malta) Limited and Valletta Fund Management Limited. At the time, MASA was known as the Malta Investment Management Association and, initially, it represented the common interests of fund managers. Following Malta’s accession to the European Union on 1 May 2004, the industry witnessed an increased interest by international fund promoters to domicile their funds in Malta.
The strong growth of the industry in these last few years subsequently necessitated that the Association reviews its statute to encompass a wider spectrum of practitioners actively involved in the funds industry.
This was without doubt driven by a number of success factors, which amongst others, included the presence of a comprehensive legal and regulatory framework, cost competitiveness and a professional business environment. As a result of these developments, the Association broadened its remit to represent the interest of fund administrators, following the initiative taken by the main market players at that time to set up specialist fund administration operations and with a clear distinction from fund management business.
The strong growth of the industry in these last few years subsequently necessitated that the Association review its statute to encompass a wider spectrum of practitioners actively involved in the funds industry.
MASA’s primary objective is to act as a channel of communication and to make representations to the Maltese Government and the Malta Financial Services Authority on legislative, regulatory and fiscal matters which amongst others, directly or indirectly, have an effect on the business and/or professional interests of its members.
MASA is also represented on the Financial Services Consultative Council and on the Board of Governors of FinanceMalta, a Foundation which was set up between the Industry and the Government of Malta with the core remit to promote Malta’s financial services industry in and outside Malta. MASA is a full member of the European Fund and Asset Management Association (EFAMA).
Kenneth Farrugia joined Bank of Valletta plc (BOV), Malta's largest banking group, in 1985 and has since occupied various positions within the Bank. Kenneth currently holds the post of Chief Business Development Officer at Bank of Valletta plc and sits on the Group's Management Board. Kenneth is amongst others responsible for the improvement of the Bank’s market position, as well as the achievement of financial growth and long-term strategic business goals. Kenneth is also the Governor of FinanceMalta, Malta's national promotional body for financial services, and also serves as Chairman of the Malta Funds Industry Association. He is also the Chairman of Malita Investments plc which is listed on the Malta Stock Exchange. Kenneth is married to Kathleen and has two children.
Anatoli Grech currently holds the position of Executive Head of Group Compliance at Bank of Valletta plc. He was previously Head of Strategy and Regulatory Affairs at Valletta Fund Management Limited, the asset management subsidiary of Bank of Valletta plc (now BOV Asset Management Limited). Anatoli participates in various working groups and committees on regulatory matters of the the European Savings and Retail Banking Group and the European Fund and Asset Management Association. Anatoli is the Executive Secretary of the Malta Funds Industry Association and Honorary Secretary of the Malta Institute of Financial Services and holds an MBA and an MSc.
Andrew is also a Director and Member of Senior Management within the Swissquote Group organisation. Since joining in March 2015, he is responsible for the Swissquote Group Malta Office operations which include the provision of Custody and Depositary services to Malta-based and non-EU/EEA-based Fund structures, and Brokerage services to Asset Managers, Fund Managers, Private Wealth Managers and Family Offices across the EU. Andrew has over 20 years of professional experience within the local financial services industry in senior positions and holds a Master degree in International Business Finance.
Chris joined Alter Domus in July 2010 to set up the Alter Domus Offices in Malta.
Before joining Alter Domus, Chris was a senior manager at PwC. He spent a significant part of his career within the Luxembourg office where he was responsible for managing assignments in the fund industry and large multinationals.
Chris is also director on a number of asset management firms in mainly venture capital, private equity and the real estate industries.
Chris is a certified public accountant and auditor and is a member of the Malta Institute of Accountants.
Appointed as Managing Director of HSBC Global Asset Management in January 2017. Wayne joined HSBC Malta in 2012, from HSBC UK, where he spent four years out of his nine years in London working in Global Markets. He has held significant roles in HSBC Bank Malta PLC, including Head of Global Banking and Markets between October 2015 and May 2016 and more recently led the Financial Institutional business. Prior to joining HSBC Mr Spiteri held a number of senior positions at Societe Generale Corporate and Investment Bank and Deloitte (Malta and Luxembourg). Wayne is a Certified Public Accountant holds a number of qualifications including a B.Accty (Hons) from the University of Malta and Fellow of the Malta Institute of Accountants.
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