European investment manager J Stern & Co has unveiled an office in Malta as part of its growth plans to support high net worth individuals, entrepreneurs, families, and institutions across the continent.
The investment manager has bolstered its operations across the region because it lost access to the EU via passporting after Brexit.
The Malta office will see J Stern & Co promote its services direct to EU citizens once again.
The team will be headed by partner and director Steve Cubitt, who joined Stern in 2015.
J Stern & Co, which has offices in London and Zurich, intends for the Malta operation to become a distributor of its Luxembourg domiciled funds, as it prepares to send an application to the Commission de Surveillance du Secteur Financier (CSSF).
Reinforce European credentials
Jérôme Stern, managing partner at J Stern & Co, said: “As much as 30% of our business emanates from EU clients at this time, with many clients operating single managed accounts.
“However, we are barely scratching the surface and observe huge opportunities to support high-net-worth individuals, families, entrepreneurs, and fund buyers alike – creating value for the longer term within an accepted EU regulatory framework.
“We have therefore moved swiftly to establish an office within the Union, reinforcing our European credentials and creating a platform for continuing growth.”
