Bank of Valletta hosted this year’s first quarterly investment seminar for its authorised sales representatives and financial advisors at Xara Lodge l/o Naxxar. This event updates participants on the dynamic market environment, whilst also providing a platform for discussion and networking.
In his welcome address, Romeo Cutajar, Chief Officer Financial Markets and Investments gave an overview of the Bank’s performance during the first three months of the Financial Year. “It gives me great satisfaction to report a positive performance across all investment areas,” he said. Urging participants to keep up the momentum, he mentioned the low interest rate scenario and the highly competitive environment as the main challenges. “Having said that, we are confident that the investment we are making in our people is reaping benefits, and is translating into professional service and more tailored investment solutions for our customers.”
The international markets scenario as well as the local market scene were discussed in detail by BOV speakers. Michael Galea, Chief Officer Business Development at Mapfre MSV Life was the guest speaker. He gave an overview of the bancassurance market in Malta and the insurance options available to customers. The MiFiD principles as well as the assessment of risk were also analysed in detail, and their impact discussed during the seminar.
Wrapping up the event, Kenneth Farrugia, Chief Business Development Officer (Investments) at the Bank thanked those present for their commitment and dedication. He recognised that this environment is becoming increasingly more dynamic and requires all players to invest time and effort to ensure they are abreast of any change in the evolving market scene. “At Bank of Valletta, our business is customer-driven, not transaction-oriented. This means that we may advise our customers regarding the best-fit solution from our broad spectrum of financial solutions, ensuring that the alternatives offered match the individual’s specific circumstances at that point in time. We are committed to follow our customers and adapt the solutions as their circumstances evolve,” he concluded.