Malta’s reputation as a hedge fund domicile was established with the island’s accession to the European Union in May 2004. Back then, only four hedge funds were domiciled in Malta. Currently, over 700 investment services licenses have been issued including sub funds.
Kenneth Farrugia joined Bank of Valletta plc in October 1985, and has over the years occupied various roles within the BOV Group. He currently holds the post of General Manager at Valletta Fund Services Limited, Bank Of Valletta's fund servicing arm and is also a director on the Board of Valletta Fund Management Limited. Within the Bank Of Valletta plc, Kenneth holds the post of Chief Officer and sits on the Executive Committee of the Group.