Malta’s accession to the EU in 2004 led to a huge expansion of its fledgling financial services industry. The island has become increasingly attractive to financial firms seeking safe, well-regulated and cost effective operating hubs within the EU. But the jurisdiction faces challenges too. When filming our first Spotlight series of videos on financial centres, Yuri Bender spoke to leading figures in the Maltese financial industry
Financial Centres

Brazil turnaround will set Latin America on road to recovery
With a new government in place, Brazil looks set to leave its economic woes behind, which bodes well for the region as a whole

Financial centres: Cities stand on verge of new era
A handful of financial centres look set to battle it out as the base for banks and companies, with a skilled workforce and low cost base among the key differentiators

Switzerland struggles to find new role in post-secrecy world
The Swiss must play to their strengths as well as develop new expertise if they are to have any chance of regaining former glories

Brexit provides Paris with new lease of life
While the French government has not always been supportive of growing its financial services sector, Paris is gradually waking up to opportunities for expansion

Funds and fintechs find Luxembourg an attractive base
Asset managers have long been using Luxembourg as a base for cross-border fund distribution but the Grand Duchy has found a new lease of life as a haven for tech-based start-ups

Regulation and technology lead Madrid’s transformation
The Spanish capital’s financial landscape has been transformed in the last five years with consolidation in the banking sector and asset managers using the city as a springboard to Latin America

Milan ripe for a private banking renaissance
With half of all Italian private wealth managed by retail banks there is huge potential for private banks to expand domestically

Malta’s growth challenged by custody conundrum
Increased regulatory costs have seen asset managers moving fund management operations to Malta, although global custodians tend to look elsewhere

Recovering Cyprus believes calmer waters lie ahead
Cyprus is changing and learning from past mistakes. The banking sector has halved in size while there are great hopes for the shipping and funds industries
Join PWM's Yuri Bender for the annual announcement of our Global Private Banking Awards, plus a bonus discussion about the industry's future with Mercer's Cara Williams, Aite Group's Alois Pirker and independent wealth consultant Seb Dovey.
PWM Digital Edition (December 2020 - January 2021)
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