Managing Partner, Dr. Jean Philippe Chetcuti, was recently interviewed by The Wealth Report 2024 for an in-depth feature on Malta’s rising influence in the global family office sector. With his extensive expertise in family office structures and wealth management strategies, Jean-Philippe shared valuable insights into why Malta is swiftly becoming a prime destination for family offices worldwide.
"Malta's combination of legal and regulatory advantages, competitive tax incentives, and a robust financial infrastructure make it a premier hub for high-net-worth families seeking a strategic base for their wealth management," Dr Jean-Philippe Chetcuti
Malta: The Mediterranean's Global Family Office Powerhouse
In the Wealth Report Interview, Jean-Philippe Chetcuti highlights Malta's emergence as a premier hub for global family offices. It attributes this rise to Malta's strategic legal and regulatory advantages, competitive tax incentives, robust financial infrastructure, and high quality of life. The country offers a favourable environment for wealth management, including specialized governmental support, efficient tax systems, and a skilled, multilingual workforce. Additionally, Malta's commitment to innovation and technology, along with its strategic geographical location, makes it an attractive destination for high-net-worth families seeking a stable and advantageous base for their operations
In the interview, Dr. Chetcuti discussed the unique advantages Malta offers—ranging from its robust regulatory framework to its strategic geographic location in the Mediterranean—making it an ideal hub for international wealth management. He emphasized how Malta’s business-friendly environment is drawing interest from family offices seeking stability, efficiency, and innovation.
Jean-Philippe's interview aligns with key insights from the recently published Wealth Report 2024, which highlights trends shaping the global wealth landscape. The report underscores the importance of stable jurisdictions like Malta for wealth preservation and growth, echoing Jean-Philippe’s view on Malta's potential as a leading hub for family offices.
This feature highlights our commitment to staying at the forefront of industry developments and sharing critical insights with the broader community.
Malta Family Office Powerhouse Interview
You can read the full interview on The Wealth Report website here: Interview: Malta a Global Family Office Powerhouse.
The Wealth Report 2024
The Wealth Report 2024 by Multipolitan provides an in-depth analysis of global wealth trends and investment patterns. Here are some key insights:
- Wealth Distribution: The top 10% of the population control 76% of global wealth, while the bottom 50% hold just 2%.
- Intergenerational Wealth Transfer: Millennials and Gen Z are expected to inherit $84 trillion by 2045, marking the largest transfer of wealth in history.
- Global Instability: International conflicts have a significant economic impact, costing $19.1 trillion in 2023.
- Investment Migration: The market for global investment migration has grown to over $21 billion annually.
- Sustainable Investing: Assets under management in sustainable investments reached $35.3 trillion in 2020.
- Technological Impact: AI and blockchain are poised to revolutionize the investment landscape, with AI potentially contributing $15.7 trillion to the global economy by 2030.
- Cybersecurity: The cost of global cybercrime could reach $10.5 trillion by 2025.
- Renewable Energy: Investments in renewable energy hit $358 billion in 2023, with significant reductions in the cost of solar electricity.
This report aims to help policymakers, investors, and other stakeholders understand and navigate the evolving financial landscape.
Our Global Family Office Practice
Our Family Office Advisory team helps high-net-worth and UHNW individuals and families design, implement and operate family offices in the scale, level of sophistication and scope of services that suits the personal needs of each family. Our multi-disciplinary team provides a 360 degree approach to advising family offices and ensuring best practices and compliance in all aspects of family office operations.
