On 16 March 2021, Lombard Bank Malta plc announced that it has established two wholly-owned subsidiaries, namely FundsLCAM SICAV plc and Lombard Capital Asset Management Limited. The bank noted that it considers this development as positively significant and one that stands to benefit all of its stakeholders.
Subject to relevant regulatory approvals and licences being obtained,
- FundsLCAM SICAV plc will be a Retail Collective Investment Scheme
- Lombard Capital Asset Management Limited will be a UCITS management company which will primarily provide investment management services to collective investment schemes and carry on such other investment services business.