Malta’s finance minister sees hedge fund development as key part of financial services growth

Malta special report 2011/12: the one to watch

fenech-tonio-malta-finance-minister

While the sovereign debt crisis in Europe has dominated headlines and European Union meeting agendas, Malta has quietly continued to build on its reputation as a reputable and growing hedge fund jurisdiction.

Despite the sovereign crisis in Europe, the financial services sector in Malta will bring in double-digit growth of over 30% in 2011. This puts the industry firmly on target to hit its overall growth target for 2015 of accounting for 25% of gross domestic product (GDP) in Malta.

“Despite the