Curmi & Partners, together with Morgan Stanley, have hosted an event to explore wealth management opportunities in Malta. This represents an important milestone in the development of the local wealth management industry.
Curmi & Partners is one of the longest established wealth managers in Malta. Established in 1978, today it provides investment solutions to its array of institutional and private clients focusing on equity, fixed income and fund solutions. Going forward, Curmi & Partners’ clients will have the additional benefit of Morgan Stanley’s technical expertise, including its award-winning research, as well as its global investment insight.
Curmi & Partners managing director David Curmi said: “In the light of the challenging investment environment, it has become very clear to us that wealth management clients are increasingly demanding global investment insight and thought leadership. Morgan Stanley is an industry leader in this area and we are very pleased to be working alongside it to set new standards of investment strategies for our clients.”
Wealth management is one of Malta’s fast-growing sectors as a result of its competitive advantages in this area, including a flexible legal system that has created numerous different investment vehicles and structures with contracts drawn up in English; a strong and well-regulated industry; a robust banking system and professional legal and accounting service providers.
Pavlos Bailas, managing director and head of Morgan Stanley Private Wealth Management in Europe, the Middle East and Africa, said: “Malta is becoming an important wealth management centre for an increasingly large population of companies and individuals and so we are pleased to be working with an experienced local firm like Curmi & Partners to deliver focused investment insight to the wealth management market.”
Curmi & Partners Ltd is registered in Malta. It is licensed to conduct investment services business by the Malta Financial Services Authority and is a member of the Malta Stock Exchange.
Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals. The company operates in three segments: Institutional Securities, Global Wealth Management Group and Asset Management. It provides financial advisory and capital-raising services to a group of corporate and other institutional clients worldwide. As at 31 March 2012, the company’s Global Wealth Management Group had $1.7 trillion in client assets, making it one of the largest wealth managers in the world.