PM praises Blevins Franks’ ‘standards of excellence’

Muscat says that the IIP is meeting expectations.

Prime Minister Joseph Muscat praised the financial services company for their contribution to the local economy. (Photo: Ray Attard)
Prime Minister Joseph Muscat praised the financial services company for their contribution to the local economy. (Photo: Ray Attard)

Prime Minister Joseph Muscat praised the work ethic and seriousness with which financial services company Blevins Franks operates, during the company’s annual meeting.

Blevins Franks Financial Management Limited (BFFM) is authorised and regulated by the Financial Conduct Authority in the UK but one of its bases in Malta. In fact, Blevins Franks Trustees Limited is authorised and regulated by the Malta Financial Services (MFSA).

“The very fact that you hold your annual conference during a period when everyone is trying to escape and watch World Cup matches is evidence enough of how serious this company is,” Muscat said.

Stating that Blevins Franks was “highly regarded” by the MFSA, Muscat said the work the firm did was “synonymous with Malta’s excellent financial sector.”

“Your company has not only set up a base in Malta but it has also trained and employed a large number of local professionals,” he said. “This has brought much direct and indirect investment to our country.”

The PM also spoke about the Individual Investor Programme, describing it as an “integral part of the nation’s plan.”

“Malta has come a long way in the financial sector and the IIP, which is reaching expectations, shows that despite our size, Malta does matter.”

Muscat added that whilst he was recently quoted by the press as having said that he wanted Malta to be the next Singapore, his real aim was to make it better.

“We want to be the envy of every other nation,” he said. “With our services, professionals and even lifestyle, this can certainly be achieved.”

Lastly, Muscat said that such a plan would require the cooperation and harmony of all stakeholders, including Blevins Franks. “If we want to walk far, we have to walk together,” the Prime Minister concluded.