The Global Group, one of Malta’s leading financial services providers, has been renamed GlobalCapital. The new name is the outward face of an internal restructuring exercise that has strengthened the organisation to meet challenges yet to come.
The next few years will bring interesting opportunities in the field of financial services in Malta and the Mediterranean region, and GlobalCapital is well placed to take these up, both in Malta and overseas.
“Change is not just important for survival. It is
crucial to success,” said GlobalCapital’s CEO, Nicholas Portelli. “We are well placed to make the most of what lies ahead, and are seeking to expand the reach of our private health insurance, wealth management, life insurance, and property services, together with establishing ourselves as leading providers of private pensions. We have the right infrastructure and a very sound basis from which to work.”
The change of name has embraced all the individual companies within The Global Group, whose investment services arm, Globe Financial Management Ltd, has become GlobalCapital Financial Management Ltd. British American Life Insurance Ltd has become GlobalCapital Life Insurance Ltd. BUPA Agencies Ltd has become GlobalCapital Health Insurance Agency Ltd, retaining BUPA exclusively as the health insurance principal. MY Insurance Brokers Ltd is now GlobalCapital Insurance Brokers Ltd, and Quadrant Ltd, the group’s property
management and consultancy
services arm, is now GlobalCapital Property Management Ltd. Globe Fund Advisors Ltd has become GlobalCapital Fund Advisors Ltd.
At the forthcoming annual general meeting of Global Financial Services Group, which is listed on the Malta Stock Exchange, shareholders will be asked to approve
the change in name to GlobalCapital plc.
All marketing literature, advertising and other forms of public and personal communication will, as from today, carry the GlobalCapital name.
Operations will continue from the same offices in Gzira, Qormi, Balzan, Fgura and Gozo. “This change does not affect the position of our shareholders and existing clients, except positively in terms of more focus on service quality and communication,” said Mr Portelli. “We have moved, and are still moving, into different sectors, and entering into new initiatives outside Malta. Over the years, the group has experienced rapid change and our situation is now very different to what it was when we started out. As a result, this restructuring and rebranding exercise had become essential as part of our overall strategy. I believe that the new brand synthesizes the very essence of GlobalCapital. It encompasses what we stand for, what we do, what we aim at, and how we work with all our stakeholders.”
The change to GlobalCapital comes a few days before the announcement of the group’s results for 2005.
GlobalCapital Financial Management Ltd, Global-Capital Fund Advisors Ltd and GlobalCapital Insurance Brokers Ltd are licensed
by the Malta Financial
Services Authority (MFSA). GlobalCapital Life Insurance Ltd is authorised to transact Long Term Insurance Business and is regulated by the MFSA. GlobalCapital Health Insurance Agency Ltd is authorized as an Insurance Agent and is regulated by the MFSA.