HedgeNews Africa Symposium is the must-attend event in the African alternative asset management calendar, bringing together leading managers, investors and service providers to discuss shifting investment landscapes amid a year of great challenges and great change. From the developed market of South Africa to the nascent economies across Africa, leading industry players both interrogate and inform helping the industry to achieve new levels of accountability, transparency and excellence based on high-level peer-to-peer interaction. This year’s event which took place last month and was attended both by Kenneth Farrugia, Chairman of FinanceMalta and George Grech, Senior Vice President of Institutional Trading EXANTE as both organisations flew the flag for the island. The event was followed by the HedgeNews Africa awards dinner, recognising the best risk-adjusted performance amongst South African and African hedge funds in the calendar year 2012. “FinanceMalta has been attending this event in South Africa for three years now, in that time we have seen a steady increase in the setting up of funds emanating from South Africa as including South Africa fund administrators servicing their clients from Malta. Clearly there is an interest in Malta from South Africa which not only includes funds but also extends into wealth management structures and residency for HNWI’s.” stated Bruno L’ecuyer, Head of Business Development, FinanceMalta. “Our presence at this event is a testament that the South Africa market, whilst still in its infancy for Malta, is forming part of our global outreach programme aimed at promoting Malta’s efficient legal, regulatory and fiscal position as a growing international financial centre of repute within the European Union On-shore framework. EXANTE, next generation brokers attended the event for the first time, the company has seen huge growth since its beginning in 2011. "With a robust regulatory structure and experienced financial sector, Malta is a natural gateway for South African hedge funds to access European and global capital markets." stated George Grech. "It was interesting to hear success stories that paralleled Malta’s financial industry development of the late 90's and early 2000's. We are in a unique position to understand these concerns and opportunities as South African investment professionals look to avail of opportunities outside rather than inside their country." EXANTE offers world-class execution solutions from Malta. EXANTE clients can trade all products on one account. Our all-in-one multi-product platform ensures optimal portfolio overview and an extensive global reach.EXANTE provides institutional clients with institutional terms and conditions regardless of size. The trip was a huge success for both organisations that look forward to the event next year.
Malta stands out from the crowd for its steady economic development and could be the future Dubai of the EU, with financial services making up about 12 percent of Malta’s GDP of $8.89 billion, as well as double-taxation treaties put in place with 58 countries worldwide.