BOV Fund Services Company Profile

A fund management background with a raft of fund administration services to offer

BOV Fund Services Limited is Malta's fund industry pioneer and a fully owned subsidiary of Bank of Valletta plc, Malta's leading bank group. Through the dedication of its highly qualified professional human resources and significant investment in state-of-the-art technology, BOV Fund Services has positioned itself as Malta’s leading fund administrator. The company provides a comprehensive suite of services to fund managers and fund promoters comprising of a one-stop-shop turnkey solution in structuring all fund typologies, as well a full suite of fund administration including fund accounting, shareholder registry services, regulatory reporting, corporate services, and other ancillary services. BOV Fund Services is recognised as a fund administrator and licensed as a Company Services Provider by the Malta Financial Services Authority. 
                                        

Malta's leading fund administrators

BOV Fund Services Limited is the largest fund administrator in Malta providing its services to numerous funds to a total assets under administration of over 25% of the local market. BOV Fund Services has also always been at the forefront on the Island in ensuring that additional services required by funds and fund managers arising out of the spate of new regulations can be fully catered for by the company. This is possible thanks to a pro-active stance in understanding the implications of the directives, investing in state-of-the-art infrastructure and on-going training to its workforce. This continues to ensure full compliance of our customer base to the new regulations upon going live.

Fund managers who outsource their fund administration business to BOV Fund Services will benefit from numerous advantages including more time to focus on the fundamentals of their business such as asset acquisition and performance maximisation. Furthermore, BOV Fund Services does its utmost to ensure the delivery of specialist fund administration solutions, helping clients to respond to today's market challenges and to create tangible value for their investors.

BOV Fund Services Limited is also a subsidiary of the Bank of Valletta Group, Malta's largest banking group and is thus also able to offer complementary services such as banking, brokerage and hedging arrangements.

As indigenous players and pioneers in the funds industry, BOV Fund Services has gained an invaluable knowledge of fund administration and heftily invested in IT infrastructure as we strongly believe in international systems compliance.

Some of the many benefits of outsourcing fund administration to BOV Fund Services

• Increased investor confidence in valuations
• More time for fund managers to focus on other core investment activities
• Improved efficiency
• Reduced expenses
• Access to state-of-the-art accounting and reporting systems
• Insight and input from trained and experienced industry specialists
• Rapid increases in assets due to scalability

BOV Fund Services' state-of-the-art IT infrastructure

As pioneers in the local funds industry, BOV Fund Services has a deep expert knowledge of fund administration and has consequently strongly invested in its IT infrastructure, further to our belief in and adherence to systems compliance. Our clients are therefore able to benefit from superior quality reports and other high-end services delivered in a timely and efficient manner.

ISAE certification

BOV Fund Services has successfully completed and achieved its ISAE 3402 (International Standards for Assurance Engagement – previously known as SAS 70), following an audit performed by Deloitte. The ISAE 3402 is an internationally recognised auditing standard developed and maintained by the American Institute of Certified Public Accountants (AICPA), which is awarded to service organisations that have implemented stringent internal controls – an aspect we consider fundamental to your security and ours.