8th Annual Conference

Malta’s Financial Services Industry:

Building on Success, Reaching New Horizons

Hilton, Malta 20-21 May 2015

Supported by:

Guidelines

FinanceMalta welcomes you to the Hilton Malta, St.Julian’s, for its 8th Annual Conference. Below please find some guidelines for your reference:

ProgrammeThe conference programme is available on pages 6-7 in this brochure.

Name badgeOn arrival, you will be given a name badge. We kindly ask you to wear this for the duration of the conference. This helps delegates identify each other and allows for faster networking.

Refreshments and exhibitionTea and coffee breaks will be served just outside the conference suite.

A number of firms will be exhibiting in this area. We encourage you to visit the stands and meet with exhibitors.

LunchWill be served in the exhibitor foyer. Please advise any dietary requirements.

Interactive workshops When registering for this Conference you chose the preferred afternoon workshop. You are kindly requested to attend the opted workshop as places in the sessions are limited. We encourage you to partici-pate and contribute at this workshop.

Presentations slidesSlides will be uploaded to the FinanceMalta website post-conference and will be available for our members to download from the login area. These presentations are password-protected.

Evaluation formThe evaluation form is available at the back of this brochure. Kindly complete this form throughout the conference and deposit this on the registration desk on your way out. Alternatively you may submit this by email, fax or post.

Continued Professional EducationCertificates will be issued to delegates to claim 6 CPE hours the day after the Conference.

SafetyIn case of a fire alarm, you are kindly asked to proceed to a nearby fire exit, which will lead you out of the building. Hotel staff will direct you to an assembly point while further information will be given by the Hotel Management.

Wi-FiWiFi is available at the Conference Centre. Please check at the Registration Desk for further details.

MembershipNon-members are more than welcome to speak to any FinanceMalta associate to find out more about membership.

Mobile Phones Please ensure your mobile is switched to silent during the day.

Copyright Notice FinanceMalta retains copyright on the FinanceMalta Annual Conference and all materials relating to it, unless other-wise stated. © FinanceMalta 2015 3

WelcomeDear Delegate,

Welcome to FinanceMalta’s 8th Annual Financial Services Conference.

In the course of penning down this welcome address, the organisation of this year’s Annual Conference is well underway and is actually in its very final stages.

This year’s Conference bears the title “Building on Success, Reaching New Horizons” reflecting Malta’s vision to build on the success that has been achieved so far in the financial services industry and at the same time extend the reach to new areas of business as well as new markets in order to further strengthen the overall value proposition and international standing of the industry.

A lot of thought and effort has been given to this year’s conference program which included consideration to the recommendations tendered by the delegates’ feedback at the end of last year’s Conference as well as current themes revolving around the state of play of the industry in Malta and in Europe to include new potential areas of business going forward.

In fact, as you will see from the Conference program, the planned agenda will address a number of important topics. Centre stage are a number of new potential financial services business facets to include International Pensions, Islamic Finance and Malta’s Capital Market. The program also features three workshops that will address the fast changing developments in the asset management, insurance as well as residency and citizenship matters. Another important theme which forms an integral part of the Conference program is that related to the industry’s human resource requirements and the evolving need of specialist skill sets being sought by the various industry stakeholders. In addressing the different topics, we have carefully invited a number of high calibre local and international speakers to the Conference.

On a final note, I am confident that you will find this year’s Conference to be highly informative and trust that you will equally find this to be relevant to your own field of operation. As always we welcome your feedback at the end of the conference as we find this invaluable in preparing the agenda for next year’s event.

Kenneth FarrugiaChairman

Exhibition Plan

4

19

11

18

12

20

10

17

16

1521

Coffee Tables

& Lunch

14

13

5

Stand 1 Argentarius ETI Management Ltd-----------------------------------------------------------

Stand 2 VacancyCentre-----------------------------------------------------------

Stand 3 Linedata-----------------------------------------------------------

Stand 4 MSV Life plc-----------------------------------------------------------

Stand 5 Castille-----------------------------------------------------------

Stand 6 PKF Malta-----------------------------------------------------------

Stand 7 WH Partners-----------------------------------------------------------

Stand 8 Dmaxepaper.com-----------------------------------------------------------

Stand 9 BMIT Ltd-----------------------------------------------------------

Stand 10 RiskCap International Ltd-----------------------------------------------------------

Stand 11 Regus Malta Management Ltd-----------------------------------------------------------

Stand 12 CDDS Mediterranean Ltd-----------------------------------------------------------

Stand 13 BDO Malta-----------------------------------------------------------

Stand 14 Konnekt Search & Selection Ltd-----------------------------------------------------------

Stand 15 Bank Of Valletta plc-----------------------------------------------------------

Stand 16 WDM International-----------------------------------------------------------

Stand 17 Valletta Fund Services Ltd-----------------------------------------------------------

Stand 18 Frank Salt Real Estate Ltd-----------------------------------------------------------

Stand 19 Malta Stock Exchange plc-----------------------------------------------------------

Stand 20 HSBC Bank Malta plc-----------------------------------------------------------

Stand 21 Fenech & Fenech Advocates-----------------------------------------------------------

1

9

2

8

3

4

5

6

7

6

Programme

08:00 Registration

08:45 Welcome Address Kenneth Farrugia, Chairman, FinanceMalta

09:05 Keynote Address Hon. Louis Grech, Deputy Prime Minister of Malta

09.15 Regulation and Malta as an International Financial Services Centre Bryane Michael, Oxford University and University of Hong Kong

09:45 Capital Markets Union Fabrice Demarigny, Chairman of the European Capital Markets Institute, Brussels

10:10 Coffee break

10:30 Malta: Innovation through Regulation Prof Joseph V. Bannister, Chairman, Malta Finacial Services Authority (MFSA)

11:00 Islamic Finance: How Plausible is it for Malta? Sohail Zubairi, CEO, Dar Al Sharia

Panel session: Moderator: Reuben Buttigieg, President, World Islamic Finance Institute Adil Hussain, Partner, Clyde & Co David Zahra, Partner, David Zahra & Associates Advocates Sohail Zubairi, CEO, Dar Al Sharia

11:45 Pensions in Malta: New Opportunities for Multinationals and Individuals Bethell Codrington, Chairman, Malta Association of Retirement Scheme Practitioners

12:10 Malta’s Capital Market: Growing the Critical Mass Chris Meilak, Senior Manager, Valuation, Business Modelling & Economic Advisory, EY Malta

Panel session: Moderator: Chris Meilak, Senior Manager, EY Malta Clifford Pace, Product and Business Development Manager, Malta Stock Exchange plc. Edward Rizzo, Director, Rizzo, Farrugia & Co. (Stockbrokers) Ltd. Martin Webster, Head of Equity Research, Curmi and Partners Olga Finkel, Founding Partner, WH Partners

13:00 Lunch Break

14:30 - 15:30 Workshops: Please proceed to your chosen Workshop (kindly refer to the next page)

15:30 Coffee Break

15:50 Is “Building on Success” a Habit or a Goal? Douglas Goldstein, CFP®, President of Profile Investment Services Ltd. Israel 16:20 Financial services skills: present and future Panel session: Moderator: Chris J. Naudi, Outgoing President, IFSP Philip von Brockdorff, Head of Department, FEMA, University of Malta Silvio De Bono, Chairman, Malta College of Arts, Science & Technology Matthew Camilleri, Managing Director, Castille John Consiglio, Chairman, MFSA Educational Consultative Council

17:00 Malta’s Vision for the Financial Services Industry and the Wider Economy Hon. Jose’ Herrera, Parliamentary Secretary for Competitiveness and Economic Growth

17:10 Closing Address Kenneth Farrugia, Chairman, FinanceMalta

17:15 End of Conference

7

Workshops

Workshop 1 - Funds

Challenges and opportunities posed by the new regulatory environment. What next for Malta?

Sponsored by

14:30 - 14:50 Introduction Agathi Pafili, Senior Regulatory Policy Advisor, EFAMA

14:50 - 15:30 Panel session Moderator: Christopher P Buttigieg, Director, Securities and Markets Supervision Unit, MFSA

Panelists: James Farrugia, Partner, GANADO Advocates Chris Casapinta, Country Executive Malta, Alter Domus Robert Coates, Fund Services Sales Director, Deutsche Bank, London Joseph Camilleri, Head, Business Development Division, Valletta Fund Services Limited Agathi Pafili, Senior Regulatory Policy Advisor, EFAMA

Workshop 2 - Insurance

The Solvency II regulation and its impact on the Maltese Insurers

Sponsored by

14:30 - 14:50 Introduction Lynsey Schembri, Senior Statistician, PKF Malta.

14:50 - 15:30 Panel session Moderator: George Mangion, Partner, PKF Malta

Panelists: Neil Coulson, PKF LittleJohn (London) Sarah Goddard, CEO, Dublin International Insurance and Management Association Elizabeth Carbonaro, Account Director, Willis Management (Malta) Limited Stephen Portelli, Senior Vice President, Marsh Management Services Malta Ltd.

Workshop 3 - Residency and Citizenship

The new Investor Immigration world

Sponsored by

14:30 - 14:50 Introduction Nadine Goldfoot, Partner, Fragomen LLP, London

14:50 - 15:30 Panel session Moderator: Bruno L’ecuyer, CEO, Investment Migration Council

Panelists: Joseph Vella-Bonnici, Executive Chairman, Identity Malta John A. Huber, Governor, FinanceMalta Nadine Goldfoot, Partner, Fragomen LLP, London Rosanne Bonnici, Partner, Fenech & Fenech Advocates

OR

OR

Conference Chairman:

Kenneth Farrugia joined Bank of Valletta plc, Malta’s largest banking group, in 1985 and over the years has occupied various positions within the Bank and its subsidiaries. He currently holds the post of Chief Business Development Officer and sits on the Management Board of the BOV Group. Kenneth is also the Chairman of FinanceMalta, Malta’s national promotional body for the financial services industry 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.

8

Speaker profiles

Speakers (in order of appearance):

Louis Grech is the Deputy Prime Minister and Minister for European Affairs and Implementation of the Manifesto. He also served in the European Parliament between 2004-2013. Mr Grech graduated in Economics at the University of Malta and then obtained a Masters from the University of Oxford where he was a Rhodes Scholar. Mr Grech was one of Air Malta’s pioneers in 1973, and held various senior positions in the airline, culminating in his appointment as CEO and Chairman of the airline and the Air Malta Group. He was also the Chairman of Lufthansa Technik, whom he attracted to Malta, and a director of the board of several companies. He has also been awarded the Tourism Personality of the Year by Skἅl International and Best MEP in 2007.

Bryane Michael is currently at the University of Oxford and Hong Kong University’s Law Faculty. He has over 20 years experience advising on financial sector reform, including 5 years with the World Bank and OECD and another 10 years serving as Cabinet-level advisor to governments in Russia, Turkey, Bulgaria, and elsewhere. He has also advised over 600 companies around the world and over 45 government agencies. His investment experience includes time with a top 3 Wall Street investment bank and work raising over $90 billion through the years on various advisory engagements. He also has board-level director/trustee experience with companies and/or charities in the UK, Hong Kong, Turkey, and India. He has done his graduate work in economics at Harvard and Oxford, holds US stockbroker and investment advisor licenses and a Certified Internal Auditor’s accreditation.

Fabrice Demarigny, a French attorney, PhD in Political Sciences, is a graduate in Law and Economics. Fabrice worked for 11 years in the French Securities Market Authority (AMF) where he was member of the Steering Committee of the College of Supervisors of Euronext and one of the drafters of the IOSCO Principles of Securities Regulation. In 2002, he has been appointed the Secretary General of CESR – today ESMA. During his tenure, he contributed to the adoption of all EU Directives and Regulations regarding Markets of financial instruments (MIFID), Prospectuses, Transparency obligations of listed companies, Takeover bids, Market Abuse and UCITS. In 2008, Fabrice became a member of Mazars’ international partnership and a partner of Marccus Partners in Paris. He is the Global Head of Financial Advisory Services and Capital Markets of Mazars’ group.

Joseph V. Bannister is Chairman of the Malta Financial Services Authority, a position he has held since 1999.He also held the post of Chairman of its predecessor the Malta Financial Services Centre between 1995 and 1997. From 1990 to 1994 he was Chairman of Malta’s inward investment authority (Malta Development Corporation). After graduating in science from the Universities of Malta and Oxford (UK), he held positions at both Universities and at the Cranfield Institute of Technology (UK), and was Pro-Rector at the University of Malta from 2002 to 2006. He has served as Chairman of Tri-Med Fund Management Limited and Mid-Med Bank Overseas Limited (both subsidiaries of Mid-Med Bank Ltd).

9

Sohail Zubairi is the CEO of Dar Al Sharia Legal & Financial Consultancy, a subsidiary of Dubai Islamic Bank (DIB) launched in July 2007. Before that he served with DIB as Sr. Vice President and Head of Sharia Structuring, Documentation and Product Development and in charge of syndication and Sukuk at corporate banking. He has held senior Corporate, Structured & Project Finance and Risk Management positions in prestigious financial institutions in the UAE. He has over 2 decades of experience in the GCC markets acquired mainly in the fields of Large Corporate Finance (Syndication, bonds/Sukuk) and Risk Management. Since joining Islamic banking in 2001, Zubairi has taken several initiatives in promoting the noble cause of this industry, including writing several articles in print media and conducting workshops. He is a regular participant in various Islamic finance conferences.

Adil Hussain is a partner and the Global Head of Clyde & Co’s Islamic Finance practice. Based in the Abu Dhabi office, Adil focuses particularly on Islamic finance matters and has been involved in a number of leading Islamic financing transactions in the Middle East region and internationally. He has also advised on the structuring and development of a number of Islamic financing products. Adil has built up a wealth of Saudi finance experience having previously lived in Riyadh for 3 years. Adil is regularly cited in legal directories as being a leading banking lawyer and draws particular praise for his Islamic finance expertise.

Bethell Codrington started his career in 1984 as an Independent Financial adviser, and by 1990 had moved into the Pensions Arena, working for a number of ‘blue chip’ companies including Lonrho plc (Trustee and EBC), Alexander Forbes (EBC) Swiss Life (Investments) in various capacities, before joining what is now TMF Group in 2004 where he concentrated solely on the International Pension Fund Market. Codrington launched the first ‘commercial’ QROPS in 2007, and has been involved from the very early days in helping to build Malta’s nascent Pension Fund Industry and currently act as Chairman of the Malta Association of Retirement Scheme Practitioners (MARSP).

David Zahra, founder of David Zahra & Associates Advocates, a law firm based in Valletta, Malta specializes in commercial and financial services law, and has concentrated on Arab commercial laws in his post-graduate studies at the University of London. He takes a keen interest in the workings of Islamic finance and has participated and spoken at a number of Islamic Finance round tables and conferences in Malta and abroad. David is a council member of the Middle East Business Council within the Malta Chamber of Commerce and Industry and lectures on Islamic Finance in the Comparative Frameworks in Business and Ethics module of the M.A. (Business Ethics) degree offered by the University of Malta and in the “Corso biennale in Dottrina Sociale della Chiesa” organised at the Vatican by the Fondazione Centesimus Annus – Pro Pontifice and the Pontificia Universita’ Lateranense.

Reuben Buttigieg is the managing director and founder of Erremme Business Advisors, a business and management consultancy firm. Apart from his responsibilities as managing director Reuben has a direct involvement in the Corporate Finance and consultancy services of Erremme and is council member on the Malta Chapter of the Institute of Directors. Reuben has also held the Presidency of the Malta Institute of Management (MIM) for four consecutive terms. He has been the pioneer in the discussions on Islamic Finance in Malta and has prepared various papers and articles on the subject. A regular speaker in International Islamic Finance conferences, he acts as a consultant on various Islamic Finance transactions in Malta and abroad, and is the first Islamic Finance Advisor in Malta, advising, amongst others, on the formation of Islamic Micro Finance Fund. Reuben authored various articles in Maltese and foreign newspapers and is the local representative of Islamic Finance News. He is also a Director of various other companies and organisations.

10

Clifford Pace is the Business and Product Development Manager at the Malta Stock Exchange plc., a position he has held for over 3 years. He comes from a long career in Financial Services, having held executive positions in diverse areas such as Branch Management, Public Relations, Marketing and Banking Operations. The role of Business and Product Development is relatively new to the Exchange and is responsible for the Exchange becoming more visible, structured, and pro-active in respect of market opportunities. Cliff has an MBA from Henley Management College, UK amongst other academic qualifications.

Edward Rizzo joined Rizzo, Farrugia & Co. (Stockbrokers) Ltd. in August 2000 after graduating with honours in Economics from the University of Malta in 1999. He became a Director in May 2003 and currently oversees the Trading function as well as the Research & Analysis Unit. In April 2007 Edward was appointed a Director and a Member of the Investment Committee of Vltava Fund SICAV plc, a professional investor fund listed on the Irish Stock Exchange. For the past few years, Edward has also been a weekly contributor of financial articles for the Times of Malta.

Olga Finkel is founder of WH Law (now known as WH Partners), a Malta-based leading law firm. Olga is regarded as an expert in corporate finance, M&A, technology, gaming & gambling fields with a particular focus on corporate finance to high-tech companies. Her expertise extends to venture capital financing, cross-border M&A, e-commerce, e-payments, crypto-currency, software licensing, data security, and intellectual property. Olga holds a doctorate in law from the University of Malta. Born in the Ukraine, she also holds an MSc in Information Technology and Economics from Kharkov Economics Academy. Olga is a lecturer on Gaming Law at the University of Malta.

Martin Webster worked at the Royal and Sun Alliance Life headquarters in a management reporting function, prior to returning to Malta in 2001. This entailed identifying market trends, and reconciling figures with the Actuarial Department prior to submittal to the Department of Trade and Industry. In 2001, Martin took on the role of Equity Analyst (for the local market) at Curmi and Mallia. This involved close interaction with corporate leaders and production of research reports for prospective investors. Martin was appointed Head of Equity Research at Curmi and Partners in 2008. This role involves the identification and monitoring of investment opportunities in the world’s major equity markets.

Douglas Goldstein, a Certified Financial Planner (CFP®) and licensed investment professional both in the United States and Israel, is the best-selling author of “Rich As A King: How the Wisdom of Chess Can Make You a Grandmaster of Investing.” His career began on Wall Street in 1992 at Dean Witter. After developing a successful practice in New York, Doug moved with his family to Israel. Doug is frequently invited to give lectures on investing, to comment on financial affairs on the radio and TV, and in local and international newspapers. Doug serves as a trainer and consultant to banks in Israel.

Chris Meilak is a Senior Manager at EY Malta, leading the Economic Advisory, Business Modelling and Valuation team. Chris has been involved in various research projects for both public and private sector clients, including studies on SME access to finance, potential market failure instances, and an assessment of the critical mass needed for private equity. He has also been involved in assisting local firms to obtain funding. Chris is a Visiting Lecturer at the Departments of Economics and Banking & Finance, University of Malta, and a lecturer for the ACCA and ACA modules with BPP Malta. Chris holds an MA degree in Economics and the ACCA Accountancy qualification.

11

Silvio De Bono graduated Doctor of Business Administration from Maastricht School of Management specialising in Organisational Development. He lectured with reputable International Business Schools and currently lectures at the University of Malta. He has gained professional international experience in Europe, Asia, Africa, South America and the Gulf. Dr De Bono is the author of Management Books and articles in refereed journals. He has been in consulting businesses for 22 years and served as director in several companies. He currently holds the role of President of the Board of Governors of MCAST and Chairman of MG2i which is the commercial arm of the College.

Matthew Camilleri is a Chartered Accountant by profession having qualified in the Banking and Capital Markets practice of PwC London before working with the firm in corporate finance advisory. Matthew returned to Malta in 2006 when he founded Castille, a leading specialist search and consultancy firm which he manages till today.

John Consiglio worked for Barclays, Mid-Med, and HSBC banks in a 42 year career in Malta and overseas. He served on the boards of various government companies, and was also Malta’s longest serving Chairman of the Income Tax Appeals Board. During his career he spent several years responsible for staff training in Barclays Bank, and since his retirement in 2000 has been lecturing on banking and finance at the University of Malta. He is now also a member of the Board of Governors of the MFSA and chair of its Education Consultative Council. He holds degrees from the universities of Malta, Wales, Manchester and Rome.

Jose’ A. Herrera is a member of the Maltese Government. He is a lawyer and has served as a Member of Parliament for 19 years. He was appointed Parliamentary Secretary for Culture and Local Government in March 2013. As a Parliamentary Secretary for Competitiveness and Economic Growth he is responsible for the Maritime Policy and Promotion, the Promotion of Financial Services, Information and Communication Strategy, and Digital Economy. For 27 years Hon. Herrera practised his profession as a lawyer, owning a legal office, specialising in criminal law. Throughout his political career, he has attended various international conferences, and was in the first group of Maltese Members of Parliament to take part in a preliminary session of the European Parliament, held in Strasbourg.

Chris J. Naudi is the Head of Tax at Ernst & Young Limited in Malta where he works, predominantly in International Tax Services, and has been a Partner at EY since 2001. Chris is a Fellow of the Institute of Chartered Accountants in England and Wales, a Fellow of the Malta Institute of Accountants, a Certified Public Accountant and a Member of the Malta Institute of Taxation. He is also a past examiner of the Malta Institute of Accountants where he also sits on the Education Committee. Chris is an outgoing president and Council member of the Institute of Financial Services Practitioners and also sits on the tax sub-committee of the Institute.

Philip von Brockdorff graduated B.A. (Hons) and M.Sc. Econ. (Wales), and D.Phil. (University of York). His teaching areas include Macroeconomics, Applied Welfare Economics, History of Economic Thought, and Cost Benefit Analysis, while his research areas are mainly on Economics of Ageing Populations and Transport Economics. He served as Permanent Secretary for almost 7 years and was one of the main negotiators for the Agriculture and Fisheries Chapters before EU accession. He also served as Chairperson of the National Commission for Higher Education, and is now Head of the Department of Economics, at FEMA, University of Malta.

12

Robert Coates joined the EMEA sales team of Deutsche Bank London in 2012 as Director of Fund Services Sales. Fund Services (FS) is part of Deutsche Bank’s Global Transaction Banking (GTB) division, which services over EUR 7 trillion in assets as trustee, custodian or administrator. Deutsche Bank offers a full range of administrative, custodial, AIFMD depositary and banking services to Private Equity, Real Estate, UCITS, Hedge Funds, Fund of Funds and other alternative investment vehicles. Coates was previously with Man Investments and has 15 years of industry experience in a variety of relationship management roles.

Joseph Camilleri joined Bank of Valletta Group in October 1985. In the initial years, he had occupied roles within the Group related to corporate lending, both at branch level and eventually through the Bank’s then investment banking arm, Valletta Investment Bank. From 2000 - 2007, Joseph headed Bank of Valletta’s representative office in Milan, maintaining the relationships with the Italian financial institutions, as well as contributing towards the growth in trade and investment between the two countries. As from August 2007, Joseph joined Valletta Fund Services and is heading the Business Development Unit. Joseph holds a diploma issued by the Chartered Institute of Bankers of which he is an Associate.

Agathi Pafili is Senior Regulatory Policy Advisor in the European Fund and Asset Management Association (EFAMA) since September 2012. Ms. Pafili was formerly a member of the cabinet of the Vice President of the European Parliament, being in charge of the Economic and Monetary Affairs Committee legislative discussions between 2009 and 2012. Prior to that, Ms. Pafili has worked as a policy advisor for Members of the Economic and Monetary Affairs Committee of the European Parliament. Ms. Pafili started her career in 2002 as a lawyer in the Commercial Bank of Greece. She is member of the Euribor Steering Committee and holds a LL.M on International and European law.

Christopher P. Buttigieg is Director of the Securities and Markets Supervision Unit at the MFSA. He joined the Authority in 2000 as manager in the Investment Services Unit and has gained experience in different areas of financial supervision and the investigation and enforcement of market misconduct and malpractice. He sits on the Authority’s Supervisory Council and has represented the MFSA at various European Fora on financial regulation and supervision. Dr. Buttigieg has a Bachelor of Accountancy (Hons.) and an M.A. in Financial Services from the University of Malta, and an M.A. in EU Law and Society and a D.Phil. in Law Studies from the University of Sussex (UK). His Doctoral thesis deals with the governance of EU securities regulation and supervision. Dr Buttigieg is a lecturer in the Banking and Finance Department of the University of Malta and has published various articles in academic and professional journals which focus on EU law and on regulation and supervision in general.

James Farrugia spearheads GANADO Advocates’ Investment Services & Funds team’s licensing and regulatory consultancy activities. Leveraging his extensive experience working with the local competent authority, Mr. Farrugia is able to offer clients regulatorily sound insight and practical solutions throughout the licensing application process and on an ongoing basis. James regularly contributes to international journals associated with investment funds and has addressed a number of local and international conferences focusing on this sector. James also regularly lectures on investment services and investment funds at training programs organised by the Institute of Legal Studies, the Institute of Financial Services, the Malta International Training Centre and the Malta Financial Services Authority.

Chris Casapinta is the Managing Director of Alter Domus where he is responsible for the day-to-day operations. Before joining Alter Domus, Chris was a senior manager at PricewaterhouseCoopers. He started his career at the end of 2000 in the Malta office. He then spent a significant time of his career within the Luxembourg office where he was responsible for managing assignments in the fund industry and large multinationals. His 10 year career with PricewaterhouseCoopers gave him opportunities to work on various other high profile audit and advisory assignments within various offices of the PricewaterhouseCoopers network including Boston (US), New York (US), London (UK) and Milan (Italy). Chris is a certified public accountant and auditor and is a member of the Malta Institute of Accountants.

Speakers in Workshop 1 - Funds

13

Elizabeth Carbonaro joined Willis Management Malta in 2012. She is a director of the company, and project leader for Global Captive Practice ‘GCP’ Solvency II Pillar III reporting platform for clients. Previous to joining Willis she worked for the Middlesea (Mapfre) company for 12 years, 3 years as the general manager for their captive management operation and 9 years head of finance unit. She started her career with PWC working in Malta and Luxembourg.

Stephen Portelli is employed at Marsh Management Services Ltd as Senior Vice President and is responsible for the finance function and responsible for the coordination and management of a portfolio of affiliated and non-affiliated insurance companies. Stephen is also involved in business development and the formation of new companies. Before joining Marsh in 2006, Stephen was employed as a Chief Financial Officer, responsible for financial planning and control with a local group of companies for 5 years. He mastered his working experience with five and a half years’ experience at KPMG working in Dublin, Luxembourg and Malta in the audit and consultancy field.

Speakers in Workshop 2 - Insurance

Neil Coulson has specialised in the London insurance market for over 30 years. He continues to act as external audit partner and advisor for several Lloyd’s syndicates as well as insurance companies, intermediaries and other insurance related companies. In the past Neil has been seconded to Lloyd’s during its restructuring into Equitas. Neil is on the Insurance Committee of the Institute of Chartered Accountants and a member of their Solvency II working party. Neil is also heavily involved in internal audit work for insurers and in this role has been particularly involved in testing various aspects of insurers’ Solvency II preparedness.

Sarah Goddard is the CEO of DIMA, the Dublin International Insurance & Management Association, which represents international insurance and reinsurance companies operating in Ireland. Sarah has the overall responsibility for the leadership of the association. Sarah is a member of the IFSC Insurance Working Group and currently is acting chair of its Solvency II Group. She sits on several industry-related groups and committees in Ireland and internationally, and speaks at conferences and seminars around the world. She is ranked number 25 in the current global captive Power 50.

George Mangion is a senior partner of PKF Malta, an audit and consultancy firm, and has over 30 years experience in accounting, taxation, financial and consultancy services. His efforts have seen that PKF Malta has been instrumental in establishing many companies in Malta and placed PKF Malta in the forefront as professional financial service providers on the Island. George is a regular contributor to both local and foreign publications on business, financial services, taxation, captives, company structure and insurance. He has also lectured and delivered presentations at numerous seminars and conferences worldwide, namely in Europe, South Africa, North and South America, Canada, Australia, China and the Caribbean.

Lynsey Schembri a graduate in Mathematics, Statistics and Operations Research, is a Senior Statistician and heads the Statistics Department at PKF Malta. The company has been serving the local and foreign markets with statistical reporting, audit and tax advisory for the past 25 years. Lynsey has headed a number of projects amongst which the Solvency II study which will be presented at the FM Annual Conference. Other projects include analysing the impact of VAT on accommodation, a Gaming study, and a risk assessment study for a Governmental department.

14

Rosanne Bonnici is the Tax Partner at Fenech & Fenech Advocates, a leading multi-disciplinary Maltese law firm. Dr. Bonnici graduated LL.D. (1993) and M.A. Fin. Serv. (1998) from the University of Malta. Her professional practice focuses on taxation and financial services law and she has practised in both areas of law for over 20 years. Dr. Bonnici heads the firm’s Tax team which advises corporate and private clients alike on matters of fiscal law and immigration law. She’ s regularly ranked as a leading Maltese practitioner in the taxation and financial services fields by independent legal directories.

Joseph Vella-Bonnici graduated in Economics and Maltese from the University of Malta and obtained a Master’s Degree with Distinction in Public Policy from the Victoria University, New Zealand. Throughout his career he was engaged with the Malta Development Corporation, served as Acting Head, Enemalta Corporation, General Manager at Simonds Farsons Cisk , CEO for the Institute for the Promotion of Small Enterprise and Chairman of the Forum for a Better Economy. He has held directorships in various companies and organisations. He has carried out special assignments for the Government of Malta as well as the Commonwealth Secretariat and the World Bank. In 2014, Joseph Vella Bonnici was appointed Executive Chairman of Identity Malta Agency.

Nadine Goldfoot has been practising in the field of immigration law for over 10 years. She is considered an authority on high net worth immigration. She works with high net worth individuals, third party advisors in the private wealth industry and governments on global citizenship and residency planning. She was instrumental in establishing the Fragomen Worldwide Private Client practice which provides immigration advice and assistance to high net worth individuals on global residency and citizenship solutions. Nadine is a frequent speaker and contributor to media studies on high net worth immigration and global citizenship and residency planning. She was also founding member and member of the Advisory Board of the Investment Migration Council (IMC).

John Huber is the Managing Consultant at John Huber & Associates, a Maltese advisory firm that caters for tax services with special focus on tax issues related to relocating to Malta. John has worked in the field of tax for the past 26 years. Prior to setting up his own practice, he was associate director at one of the big 4 audit firms. John Huber has acted both as an adviser to the Maltese Government as well a technical reference point in the drafting of the Malta Retirement Programme, the Global Residence Programme and The Residence Programme. John is appointed on the Board of Governors for FinanceMalta. He is also a non-executive Director on a number of Maltese companies.

Bruno L’ecuyer is the first Chief Executive of the Investment Migration Council, the worldwide association of investor immigration and citizenship-by-investment professionals. Bruno leads the Secretariat reporting to the Governing Board and is responsible for all IMC operations. A regular contributor to international publications and conferences in Europe, the Middle East and Asia, he has held positions in London, Paris and Hong Kong. Bruno was previously Head of Business Development at FinanceMalta, acting as a bridge between government and industry. He has extensive expertise and experience in the management and expansion of a professional services association.

Speakers in Workshop 3 - Residency and Citizenship

15

FinanceMalta, a non-profit public-private initiative, was set up to promote Malta’s international business & financial centre, both within, as well as outside, Malta’s shores. It brings together, and harnesses, the resources of the industry and government, to ensure that Malta maintains a modern and effective legal, regulatory and fiscal framework in which the financial services sector can continue to grow and prosper.

The represented associations on the Board of Governors are: the Malta Funds Industry Association, the College of Stockbrokers, the Malta Bankers’ Association, the Malta Insurance Association, the Association of Insurance Brokers, the Malta Insurance Management Association, and the Institute of Financial Services Practitioners.

Hosted by

Ivan Grech Head of Business Development

Lindsey BusuttilMarketing ExecutiveSeconded by the IFSP

Giselle McKennaMarketing Executive

Kimberly AzzopardiMarketing Coordinator

Dr Bernice Buttigieg Head of Administration & Secretary to the Board

Lizianne Pace FrendoMarketing Executive Seconded by the IFSP

John NavarroMarketing Assistant

Meet the FinanceMalta Team

16

Sponsor profiles

Credorax, founded in 2007 by technology experts, is one of the world’s first hi-tech companies to become a principal member of Visa Europe and MasterCard and a financial institution licensed by the MFSA. Credorax (Malta) Limited has enjoyed tremendous growth since incorporation and the granting of its Financial Institution Licence in 2009. By investing 25% of the Credorax Group annual budget in R&D and Technology, today the company provides online processing and acquiring services under one roof to a diverse range of online merchants, Payment Service Providers (PSPs) and Independent Sales Organisations (ISOs) across the EU-28. Credorax (Malta) is a ‘one-stop shop’ providing acquiring, payment gateway and fraud monitoring services; the unification of which has been a major contributing factor to its success. Since 2013 alone, over $100 million has been invested in the Credorax Group and, with the recent obtainment of licences in Japan and the USA, the company’s vision is to offer its services seamlessly across three continents. With offices in Malta, USA, UK, Israel and Japan, Credorax aims to provide its global clients with efficient, automated and cost-effective acquiring services designed to maximise business growth and success, thus empowering e-commerce merchants to transcend many of the processing challenges they would typically experience with more traditional acquirers forced to rely on legacy platforms.

Castille is a leading Search and Consultancy firm specialising in IT, Financial and Executive talent. Headquartered in Malta with a regional centre of excellence in Mauritius, Castille’s core objective is to add tangible value to client businesses by recommending best talent. Over the years Castille has also developed a network based consultancy where clients benefit from the services of specialist teams at Castille for specific projects or longer term capacity building. Castille has built a strong track record in areas such as Software Development, Software Testing, Project Management, Business Intelligence, Accountancy, Compliance and Risk Management. Furthermore, our knowledge line of service allows us to leverage on the concentration of expert knowledge our network holds within our disciplines to the benefit of our client businesses.

Bank of Valletta is recognised as an innovative, dynamic, forward-looking organisation, the leader in Malta’s financial services industry and a catalyst for the country’s economic development. It has evolved from a traditional bank to a fully-fledged financial services provider, servicing 45% of the domestic market. Bank of Valletta developed expertise in investment banking, private banking, fund management, bancassurance, stockbroking and trustee services. Today, the Bank dedicates 90% of its activity servicing local clients. Operations include a network of 37 branches, Corporate Centre, Business Centres, Wealth Management and Investment Centres offering tailor-made investment solutions. Internet and mobile banking enable clients to access their accounts on a 24/7 basis. The Bank also services its client-base via a dedicated International Clients Centre and a Trade Finance Centre, along with four Representative Offices for clients with interest to grow their business abroad.

Diamond Sponsor

Platinum Sponsors

WDM International is a full service firm offering tax, legal, audit and business advisory services. WDM Lex Advisory, the firm’s legal services arm, is at the forefront in offering consultancy in the following areas of law: international and local tax, immigration, corporate and financial services legislation. The firm prides itself of a wide client portfolio spread over a broad range of industries from financial services operators to investment funds, entrepreneurs and high net worth individuals. WDM Lex Advisory is an approved company services provider and an accredited person for Malta’s Citizenship by Investment Programme. Through WDM Trustees, the firm is also licensed to act as a trustee or co-trustee and as an administrator in the context of private foundations.

17

The Argentarius Group are experts in the securitisation of Alternative Investments to create investment products for investment managers, family offices and financial institutions. On behalf of our clients we arrange an EU stock exchange listed Exchange Traded Instrument (ETI) that delivers the delta-1 performance of an underlying asset or basket of assets. ETIs can be arranged as a cost effective solution for volumes from Euro 3,500,000 in just 4 to 6 weeks.

Fenech & Fenech Advocates, established in 1891, is a leading law firm providing value-driven, tailored legal services across all practice areas spanning from financial services, tax and asset finance to shipping, aviation and ICT law. The Fenlex group, the Firm’s associated management, trust and corporate services provider is recognised as one of the leaders on the island offering the full range of services relative to companies, trusts and foundations including accountancy, tax and VAT compliance.

Konnekt was established in 2007 and has since developed into a leading recruitment agency, fuelled by the passion of its people and an out-of-the-box approach to recruitment. In less than a decade, KONNEKT has provided specialist recruitment services to over 1,000 clients, moved to larger offices and went from a headcount of 2 employees to over 25. Evolving into a specialist recruitment agency, KONNEKT has made Finance & Legal and IT industries, the core of its recruitment activity.

Linedata is a global solutions provider dedicated to the investment management and credit community, with close to 1000 employees in 15 offices across the globe. Linedata has been at the service of the financial industry from day one, and applies its market and client insight to provide innovative and flexible mission-critical software and services that help its clients grow in over 50 countries.

Gold Sponsors

MSV Life plc was established in 1994, and is the leading provider of life insurance protection, long term savings and retirement planning in Malta. MSV also specialises in Key Person Insurance, Employee Benefit Schemes and Group Retirement Plans. MSV is jointly owned between Bank of Valletta plc (50%) and Middlesea Insurance plc (a member of the MAPFRE Group) (50%). MSV offers a vast product portfolio which ranks amongst the highest in the market in terms of quality, performance and price. Through its bancassurance partnership with Bank of Valletta plc, MSV has gained access to a formidable sales channel, which together with a strong network of Tied Insurance Intermediaries, has led to MSV operating the strongest distribution network in the market.

Pre-conference networking sponsor

18

Valletta Fund Services Limited (VFS) was incorporated in October 2006 as a fully owned subsidiary of Bank of Valletta plc. VFS has established itself as Malta’s leading fund servicing specialist led by a highly experienced executive management team and dedicated workforce to provide asset managers with a comprehensive suite of fund services to various investment fund structures.

Sponsor of Workshop 1 - Funds

Sponsor of Workshop 3 - Residency and Citizenship

WH Partners is a leading Maltese law firm with a business focus and expertise in M&A, corporate finance, tax, technology and gaming & gambling. The firm received international awards for service levels, is ranked by the foremost independent legal directories, and is the exclusive Malta member in the International Alliance of Law Firms.

PKF Malta, which forms part of the PKF International network, is committed to excellence, which commitment doubles up into eloquently broadening horizons incessantly and successfully, in-keeping with the ever-changing pulse of the market’s needs. Our turn-key approach of customised intermediation services affords us the adequate insight and resources necessary to see our clients through the respective financial services process and successful attainment of the envisaged goal.

Sponsor of Workshop 2 - Insurance

HSBC Bank Malta plc’s Capital Financing Department provides a full range of services to local corporates looking to diversify their sources of funds - financing solutions devised specifically to meet their needs. We are able to leverage HSBC group’s connectivity across the Globe to provide vital expertise through highly experienced teams.

Silver Sponsor

BDO Malta, a Maltese civil partnership, is a Member Firm of BDO International, one of the world’s largest professional services firms. BDO provides accounting and auditing, tax and consultancy services on a globally integrated basis with over 1,300 offices in more than 150 countries.

CDDS offers anti-money laundering solutions for all budgets: from the basic KYC report to our flagship solution AMLspotter enabling you to run a complete analysis of your AML risk.

VacancyCentre (CSB Group) is a specialist provider of complete Recruitment, Training & HR Consultancy services – operated by CSB Group (est.1987) who provide clients with a spectrum of solutions for the setting up of businesses in Malta. Services include: Corporate & Trust; Tax; Legal; Accounting; Recruitment & HR; Credit Risk; Relocation & Real Estate.

RiskCap International Ltd was established in 2013 to provide customized and outsourced risk management solutions to the financial services industry. It services over 40 funds exceeding ἅ1 billion in AUM, providing: Risk Manager, Risk Support, Risk Report and Risk Advisory services.

Frank Salt Real Estate was established in 1969. It is Malta’s leading agency offering an extensive choice of properties for sale and to let, both residential and commercial, offering a one-stop-shop solution for all property needs.

Dmaxepaper.com is a professional email intelligence solution. It has built-in CRM features & offers detailed insights on your contacts behaviour in real-time. It is packed with automated follow-up technologies, smartphone compatibility & allows for easy integration with business websites, databases & BI solutions.

Regus is the world’s largest global provider of flexible workplace solutions in over 3,000 Locations, 900 Cities and 120 Countries. Regus offers fully furnished Private or Shared Serviced Offices, Meeting Rooms, Business Lounges, Workplace Recovery, Virtual and Day Offices.

BMIT is Malta’s leading provider of data centre, cloud & managed services. BMIT is ISO 27001 & PCI DSS compliant, offering personalised IT solutions supported by an expert 24x7 team of technical professionals.

Malta Stock Exchange provides a structure for admission to listing of financial instruments which may subsequently be traded on the secondary market. The MSE also offers a comprehensive range of Central Securities Depository services and custody services.

Bronze Sponsors

19

www.castilleresources.com

Specialist Search | Outsourcing & Consultancy

Financial, IT & Senior Talent

www.linedata.com

Front to back office solutionsCompliance

ReportingMulti Asset

America - Europe - Middle East - Africa - AsiaLinedata is a global solutions provider operating in over 50 countries. With more than 1000 employees in 15 offices across the globe, Linedata has been at the service of the financial industry from day one, and applies its market and client insight to provide innovative and tailored mission-critical software and services that helps its clients grow.

Dedicated to the institutional and alternativeasset management community

Global solutions provider

Advertisement

Speakers in Plenary Session

Louis GrechBryane MichaelFabrice DemarignyJoseph V. BannisterSohail ZubairiReuben ButtigiegAdil HussainDavid ZahraBethell CodringtonChris MeilakClifford PaceEdward RizzoMartin WebsterOlga FinkelDouglas GoldsteinChris NaudiPhilip von BrockdorffMatthew CamilleriSilvio De BonoJohn ConsiglioJose’ A. Herrera

Workshop 1 - Funds

Agathi PafiliChristopher P. ButtigiegJames FarrugiaChris CasapintaRobert CoatesJoseph Camilleri

Workshop 2 - Insurance

Lynsey SchembriGeorge MangionNeil CoulsonSarah GoddardElizabeth CarbonaroStephen Portelli Workshop 3 - Residency and Citizenship

Nadine GoldfootBruno L’ecuyerJoseph Vella-BonniciJohn HuberRosanne Bonnici

Kenneth Farrugia 1 2 3