Prestige Capital Hires Busuttil For Maltese Accounting Role

Aug 19 2015 | 2:20pm ET

Prestige Capital Management has appointed Ronnie Busuttil as Chief Accountant with its Malta office. 

Busuttil has a career spanning nearly 30 years, split between the UK and Malta, according to Prestige, and brings a wide range of accountancy and financial experience to the firm. He is fluent in English, Maltese and Italian. 

“We’re very pleased to be welcoming an accountant of Ronnie’s caliber to our Malta operation,” said Prestige founder Craig Reeves, in a statement. “With an expanding business in Malta, we need personnel with Ronnie’s experience to facilitate that growth and meet the expectations of our clients. Ronnie’s familiarity with the Maltese accounting and finance environment will be a particular asset.”

Prestige received an AIFMD license for its Malta SICAV in late June of this year, which will allows the investment management company to grow its existing SICAV as well as take advantage of the “passporting” benefits available under the AIFM Directive in the European Union.  

As a member state within the EU, Malta has gathered significant interest among funds and investment groups keen on offering and investing in regulated UCITS products. The island nation now competes with Luxembourg and Ireland as a domicile for UCITS funds and their SICAV cousins. 

Founded in 2011, Prestige currently provides a central investment management, risk management and accounting function for the Malta based SICAV and also provides various non-regulated administration based services to affiliated Prestige companies.

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