Sparkasse Bank Malta plc has expanded its range of investment services with the launch of discretionary portfolio management (DPM).
The new service follows an extension of the Bank’s investment services licence, granted by the Malta Financial Services Authority (MFSA) and approved by the European Central Bank (ECB).
Through DPM, clients will be able to delegate investment decision-making to the Bank’s portfolio managers, who will manage portfolios based on individual financial objectives and levels of risk tolerance.
Managing Director Paul Mifsud said that the addition of discretionary portfolio management builds on the bank’s existing services in banking, custody, and advisory, and that the announcement coincides with the institution’s 25th anniversary.
"The bank was already uniquely positioned to provide banking, custody and advisory solutions to its customers. By adding discretionary portfolio management to our offering, we are reinforcing our position as a trusted partner and empowering our customers with opportunities for financial success," he said.
The service will be led by Karl Micallef, who highlighted its potential to strengthen the Bank’s standing in the private banking sector. He pointed to the combination of technical expertise, custody services, and recently implemented systems as a foundation for servicing clients’ banking and investment requirements.
For more information about Sparkasse Bank Malta plc and its suite of banking, custody and investment services, visit www.sparkasse-bank-malta.com or contact Karl Micallef on [email protected].
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Nicole Zammit
When she’s not writing articles at work or poetry at home, you’ll find her taking long walks in the countryside, pumping iron at the gym, caring for her farm animals, or spending quality time with family and friends. In short, she’s always on the go, drawing inspiration from the little things around her, and constantly striving to make the ordinary extraordinary.
