The Malta Independent 28 January 2023, Saturday
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BOV Asset Management named official representative of Fidelity International in Malta

Friday, 25 November 2022, 18:44 Last update: about 3 months ago

BOV Asset Management is now the official representative of Fidelity International in Malta, CEO of the BOV Group, Kenneth Farrugia, said during an event organized for all financial intermediaries of BOV Asset Management held on Friday. The conference was also addressed by Giordano Lafrate, Sales Manager at Fidelity International and Simon Azzopardi, Chief Wealth Management Officer at Bank of Valletta plc.

Upon welcoming the participants, Kenneth Farrugia said, “It gives us great pleasure to be with you today to mark this important milestone.” We are privileged to announce the appointment of BOV Asset Management as the representative of Fidelity Investments International. Speaking about the commercial partnership with Fidelity International, Mr Farrugia said that this will enable the Bank and appointed intermediaries of BOV Asset Management to provide customers with a broader range of investment products. The choice of products will also include a number of sustainable investment funds, meeting the ESG ambitions of the Bank to provide investors with access to sustainable investment products.

In his address, Kenneth expressed his confidence that BOV Asset Management will develop the relationship established with Fidelity International to launch innovative investment solutions on the market to meet the changing investment requirements of its customers with a particular focus on pension products. This proposition supports the Bank’s ambition to be the Bank of Choice for its customers, be they personal or corporate. The range of Fidelity products will be available through the Bank’s Private Banking division and Investments Centres in Malta and Gozo which are positioned as centers of investment expertise supporting the investment needs of the Bank’s customers.

Corroborating on Azzopardi’s comments, Mark Agius, Head BOV Asset Management, highlighted that since it was set up, BOV Asset Management has continued to make significant investment in the professional training and development of its people and systems. “Today, we have surpassed the EUR1 billion mark in assets under management,” he said. BOV Asset Management manages several ‘life cycle’ investment funds as well as investment management for Personal Retirement schemes, Occupational Retirement schemes and Retirement funds.

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