scroll to explore

BOV Asset Management Seminar Discusses Best Practices in Investments

Credit & Financial Institutions

BOV Asset Management Seminar Discusses Best Practices in Investments

by Bank of Valletta

31st August 2023

A group of front-line staff, including universal bankers and financial advisors from across Bank of Valletta’s branch network, investment centres, and private banking, attended a full-day seminar organised by BOV Asset Management (BOVAM) earlier this month.

As explained by Simon Azzopardi, Chief Personal and Wealth Officer at Bank of Valletta, “The event provided a unique opportunity for our people to meet up with portfolio managers at BOV Asset Management and share best practices in the field of investments.”

Corroborating Mr Azzopardi’s comments, Mark Agius, who heads BOV Asset Management, said that in the area of investments, satisfied customers and success stories depend heavily on the personal service offered by financial advisors and universal bankers, as well as a deep understanding of customer needs. The presence of supporting experts ensures that clients from all walks of life receive the appropriate level of guidance throughout their lifecycle. “This is why BOV Asset Management invests heavily in its portfolio managers and takes every opportunity to maintain a healthy and honest dialogue going across the organisation, always with the customer at the forefront of everything we do.”

The seminar kicked off with an overview of the numerous initiatives being undertaken by the Bank to foster improved customer knowledge. “During the past months, we held a series of talks about basic investment knowledge. The response from the public was very encouraging, so much so that we shall soon be launching a new set of sessions at different branches across the Bank’s retail network”, explained Mr Agius.

The seminar included interventions by the Portfolio Managers from BOVAM, who provided an overview of local and foreign market trends. They referred to the Borrowers Confidence Index (BCI) which corroborates the suite of economic forecasts indicating that Malta’s economic growth in 2023 is likely to be less than in 2021 and 2022, but possibly higher than the long-term average. Reference was also made to the key drivers in foreign markets, including the actions being taken by central banks and the performance of markets such as China, whose recovery post-pandemic continues to lag behind expectations.

Among the guest speakers was Tonia Parascandolo, who heads the Bank’s Bancassurance arm. She provided insights into the market’s perceptions and understanding of pensions, ranging from the traditional state pension to the selection of personal pension plans available under the third pillar.

Clint Azzopardi Flores who heads the Bank’s ESG drive, delivered a thought-provoking presentation on the historical context that led to the Climate Paris Agreement targets (2015) to combat climate change. He also described decarbonisation efforts of the EU continent, explaining the implications of transitioning to cleaner energy, even on financial institutions who are now obliged to ensure that their financing is in line with the EU’s climate objectives. Clint explained that the green transition will depend heavily on new and emerging geopolitical realities. This shifting scenario will impact investors and the criteria on the basis of which they will decide where to invest.

In his capacity as Chairman of the BOV Asset Management Committee, Mr Romeo Cutajar brought the seminar to a close. He explained how the Committee supports and oversees the work of Portfolio Managers, ensuring that good governance is retained throughout the process that customers go through when choosing the most appropriate investment paths.

Simon Azzopardi expressed his satisfaction with the level of mature discussion and active participation throughout the event. “Watching our people working so well together and supporting one another motivates us to work harder. Such experiences offer scope for greater sharing of ideas, which ultimately enable us to deliver a consistently better customer experience.”

Credit & Financial Institutions

BOV Asset Management Seminar Discusses Best Practices in Investments

'Credit & Financial Institutions' Related News Articles

A creditor’s obligation to assess the creditworthiness of a consumer

BOV TALKS ARTIFICIAL INTELLIGENCE IN THE BANKING WORLD

The MFSA consults on a draft Conduct of Business Rulebook for Banks

MFSA Shifts to Outcomes-Based Supervision in 2024

AIFMD II – A step closer to entry into force

The European Union Global Minimum Level of Taxation for Multinational Enterprise Groups and Large-Scale Domestic Groups Regulations 2024

BOV EXPERTS DISCUSS ECONOMY AND INVESTMENT BASICS WITH RETAIL CLIENTS

Bank of Valletta has supported this year’s opera by Gioachino Rossini – ‘Armida’

EU AML-CTF Package taking shape: Compromise text for AMLR and 6AMLD published

Changing the terms of a credit agreement and forbearance policies and measures: new obligations on lenders in consumer and residential property credit agreements

BOV launches revamped cutting-edge website

The HSBC Malta Foundation supports Three-Year UM Research Project through RIDT

Bank Of Valletta extends Partnership Agreement with Heritage Malta

BOV RETROSPECTIVE EXHIBITION FEATURING WORKS BY NOEL GALEA BASON OFFICIALLY INAUGURATED

Goal-line Defenders: Scoring Victory Against Financial Crime with the Three Lines of AML/CFT Defence

Agreement reached on the establishment of the Anti-Money Laundering Authority (“AMLA”)

FIAU Thematic Review on Company Service Providers when providing Company Formation Services

Directive 93/13/EEC and mandatory statutory or regulatory provisions in consumer contracts

2023 SEES 151 BOV EMPLOYEES GRADUATING

BOV SELLS PORTFOLIO OF NON-PERFORMING LOANS

MALTA Nomad Residence Permit, New Tax Rules.

BOV Boosting Employee Retention through Occupational Pension Schemes

Keeping Tabs on Market Perception and Knowledge about Investments

BOV Announces Profit Before Tax of €163.5 million as at September 2023

Proposed amendments to the Exclusive Economic Zone Act and ancillary laws

MFSA Circular regarding various amendments to the Investment Services Rulebooks

MiCA Update: Consultation Process on the Proposed Updates to Chapter 3 of the VFA Rulebook

Continuing to disclose the topic EU funding for Startups ¦ Startup Definition

BOV keeps up momentum in educating customers about scams

Auditing iGaming Entities

Malta: a state-of-the-art regulatory framework for cryptocurrencies

ESMA issues Second Consultation Package under MiCA

Standard and Poor’s (S&P) upgrades Bank of Valletta’s rating to stable

BANK OF VALLETTA ACQUIRES NEW FUNDING TO RELAUNCH THE BOV SME INVEST PACKAGE

BOV Introduces New Digital Portal to Update Customer Records

EU Court’s Landmark Ruling: Restricting Financial Ties to Combat Money Laundering and Terrorism Financing

ESMA and EBA issue Inaugural Consultation Packages under MICA

ESMA issues public statement in relation to sustainability disclosures in prospectuses

FIAU publishes its AML / CFT Supervisory Plan for 2023 – 2024

Reforming Digital Payments – Introducing the new Payment Services proposals

APS Bank delivers best-ever half-yearly results, to pay interim dividend

New Digital Experience For BNF Bank Customers

Proposals for an improved European Banking Union framework – Part II

Proposals for an improved European Banking Union framework – Part I

Opposing trade mark registrations in the realm of financial institutions

Over 24,000 customers respond to BOV’s call for feedback

BOV puts Mobility in the Spotlight on World Bicycle Day

BOV Goes Green for Mental Health

BOV Volunteers at GSSE 2023

The new notified PIFs framework: MFSA publishes consultation document on regulatory changes

MiCA obtains green light from European Council

ESMA postpones annual IFRS amendment of ESEF to 2024

BOV Launches Investor Education Sessions

MiCA – Landmark crypto regulation approved by EU Parliament

BOV ISSUES WARNING ON SCAM CALLS

BOV Asset Management Limited launches the Global Multi-Asset Thematic 60 Fund managed by Fidelity International

MALTA COUNTRY ANALYSIS REPORT

INFOCREDIT GROUP AMONG THE SPONSORS OF MALTA FINANCIAL CRIME COMPLIANCE CONFERENCE 2023

Business Decisions that undermine the Compliance Culture – Part 5

BOV Offers MAPFRE MSV Life Capital Guaranteed Product

Business Decisions that undermine the Compliance Culture – Part 4

Becoming a Data Driven Organisation

Business Decisions that undermine the Compliance Culture – Part 3

BANK OF VALLETTA PROMOTES HEALTHY LIFESTYLES AND ROTA INITIATIVE

Business Decisions that undermine the Compliance Culture – Part 2

ELTIF 2.0 published in the Official Journal of the European Union

The INSIGHT Interview: David Power, CEO of BNF Bank

Sustainable Finance and the Impact on the Financial Services Sector in Malta

Bank of Valletta commemorates International Women’s Day

EU’s Green Taxation: Tackling Climate Change through Tax

The classification of cryptoassets under the new Markets in Crypto-Assets Regulation

Business Decisions that undermine the Compliance Culture – The MLRO Reporting Lines

Welcome to “Enterprise Innovation” ¦ 23 February 2023 at Salini Resort Hotel

Brussels forecasts 3.1% economic growth for Malta, second-highest in EU

BOV Managers Discuss Customer-Driven Strategies

More ATMs For BNF Bank Customers

Digital Operational Resilience for the Financial Sector