BOV Fund Services (BOVFS) is marking 20 years of growth, service and commitment to Malta’s funds industry. Incorporated in September 2006 as Valletta Fund Services, the company took over the fund administration business of Valletta Fund Management, which had been established in 1995 through a joint venture between Bank of Valletta p.l.c. and Rothschild & Co Asset Management. Since then, BOVFS has grown into a leading provider of fund administration solutions, offering fund managers and promoters a comprehensive range of fund administration and corporate services. These include fund structuring, fund accounting, shareholder registry services, regulatory reporting, company secretarial services and ancillary support tailored to the industry’s evolving needs.
The milestone was celebrated at an anniversary event bringing together those who contributed to the company’s journey. Kenneth Farrugia, Chief Executive Officer of Bank of Valletta and BOVFS’s first General Manager, reflected on the values that have sustained the business over the past two decades. “This milestone highlights the longevity, trust, commitment and professionalism that have shaped BOVFS. We remain committed to supporting the company’s continued growth. This aligns with our vision as a Bank to contribute to the growth of the economy, and to help strengthen and develop Malta’s fund services sector.”
Dr Diane Bugeja, Chairperson of BOVFS and a non-executive director of BOV, highlighted the company’s resilience and ability to adapt throughout two decades of regulatory change. “BOVFS has continued to grow while sustaining its position in a constantly evolving regulatory environment. This anniversary is not only an opportunity to celebrate our achievements, but also to look ahead with confidence as we continue to support the development of the funds industry,” she said.
Looking ahead, Loredano Agius, General Manager and Director of BOVFS, said that changing investor expectations would require faster and more digital interaction without compromising robust controls. “As we mark this anniversary, our focus is firmly on the future. We will continue modernising our technology and operating model, so that BOVFS is equipped to serve its clients and the industry for many more years to come.”
BOVFS is a fully owned subsidiary of Bank of Valletta p.l.c., and it is recognised to provide fund administration services and is licensed as a Class C Company Service Provider by the Malta Financial Services Authority. Over the past 20 years, it has developed alongside Malta’s emergence as an established and respected EU fund domicile. As the industry has grown in scale and complexity, the Company has continued to broaden its range of services to meet the changing needs of fund managers operating across diverse structures and investment strategies, including digital assets.
