Bank Of Valletta Rolls Out Personal Wealth Service

by Phillip Morton, Investors Offshore.com

10 April 2007

Bank of Valletta has announced that it is offering customers with investible assets "a compelling value proposition" in the area of Personal Wealth Management.

Speaking about the new services that BOV is offering to customers who require the management of a portfolio of investments in excess of Lm150,000 (EUR350,000), Joseph M Camilleri, Executive Head responsible for Wealth Management at BOV, explained:

“At Bank of Valletta we believe that personal wealth management requires careful analysis, insightful advice and investment recommendations modelled around each customer’s personal objectives.

“Discreet and dedicated, our personal wealth managers are focused on building a relationship that is based on trust and backed by a range of exclusive services that add value to each of our customers, personally. The goal of our personal wealth advisors is that of maximising our customers’ wealth, using our experience, expertise and international network of 3rd party product providers to help each individual achieve personal long term success. That is why BOV Personal Wealth Management clients are supported by a Relationship Manager and a team of professionals working together to develop a personalised investment strategy for each customer.

Camilleri said that portfolio management lies at the forefront of the BOV Personal Wealth Management Service.

“We endeavour to achieve superior long-term returns in line with each client’s risk profile and personal requirements, aiming to exceed international benchmarks. In this regard, BOV Personal Wealth Management customers are offered portfolio management services on either an advisory or a discretionary management basis,” he said.

Trustee Services are another key element of the BOV Personal Wealth Management Service. Camilleri explained that: “A Trust is a private legal agreement and equitable arrangement offering confidentiality and continuity on the settlement and administration of assets. The underlying principle of a Trust is that a Trustee holds the property, not for its own use, but is instead bound in equity to administer the Trust and its property in such a way as to benefit the beneficiaries.”

Trusts can be used to plan effectively for the future in a number of ways. These include estate planning, avoiding disruption on death, asset protection, preserving family wealth and protection of family members.

In addition to the core offering that includes portfolio management and trustee services, Camilleri said that the BOV Personal Wealth Management service provides customers with a package of products and services that offer added value to the customer and seek to cater for his overall personal banking needs.

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