Called Iconic Funds, co-founder David Barclay-Miller said a target audience is larger intermediaries which have an asset management capability in this space.
It will provide traditional platform services as well as market development, funds distribution, and compliance and regulatory functions, Barclay Miller said.
“As an EU and Eurozone member, Malta offers a regulatory framework that is fully harmonised with EU and OECD rules, yet a sophisticated and flexible domicile for the financial services industry,” he said.
He added that Malta benefits from fast-track fund authorisation, access to the Malta Financial Services Authority (MFSA), re-domiciliation, and the scope to use foreign fund managers and custodians.
To set up the platform, Barclay-Miller and fellow co-founder Scott Levy bought an existing private limited company, Malta Capital Management, which is authorised and regulated by the MFSA, and trades under the name of Iconic Funds.
