Authorised and regulated by the UK’s FCA to provide investment accounts, we are bound by CASS rules to segregate and protect client assets.
We are pleased to announce that Dolfin has been awarded a custody and depositary licence from the Malta Financial Services Authority, which helps to extend our global offering. With these latest permissions, we can now offer private and institutional clients a comprehensive range of investment services from our new office in Valetta.
The main beneficiaries are expected to be Malta-based collective investment schemes and trusts or other wealth structures that need a local custodian or depositary. With our expanded offering, we’re now a potential partner to global administration companies and will also be able to offer our UK private clients the option of custodying their assets with us in Malta.
“The extension of our services in Europe, while maintaining proximity to the UK, is a significant step for Dolfin.”
Denis Nagy · CEO
Malta has a growing financial ecosystem, particularly in the fund space. However, many asset managers wanting to set up here have been underserved in custody and depositary services. The award of our licence will change that.
Now we will be able to offer our client base in Malta the level of service and exposure that they would expect when setting up business in London. At the same time, this will allow clients to benefit from the island’s robust regulatory environment, lower cost base, access to a growing financial ecosystem and a highly educated, English-speaking workforce
Denis Nagy, CEO of Dolfin, added, “Malta is an increasingly important hub for financial services, particularly asset management and private wealth. Our Maltese operations can now leverage our infrastructure, trading counterparties worldwide and our network of the best global sub-custodians. The extension of our services in Europe, while maintaining proximity to the UK, makes strategic sense for our clients; this is a significant step for Dolfin.”
Malta’s financial services sector is experiencing a strong period of growth. It currently contributes just over 12 per cent of Malta’s GDP.