Dolfin, a UK-based financial services firm, has been granted a license to launch custody and depositary services in Malta, with the aim to partner with other global administrators.
With this new license, Dolfin will be able to offer private and institutional clients, as well as collective investment schemes and trusts, a range of execution and post-trade services.
Dolfin stated the expansion will enable it to team up with global administrators, while also allowing it to offer its UK private clients the option of moving their assets under custody to Malta.
“Malta has a growing financial ecosystem, particularly in the fund space. However, many asset managers wanting to set up here have been underserved in custody and depositary services,” said Ramon Bondin, the newly appointed CEO of Dolfin’s Maltese operations.
“Now we will be able to offer our client base in Malta the level of service and exposure that they would expect when setting up business in London. At the same time, this will allow clients to benefit from the island’s robust regulatory environment, lower cost base, access to a growing financial ecosystem and a highly educated, English-speaking workforce.”