The Finco Group was established in the late 1980s when Malta launched its Offshore Business Centre. Finco Trust (Nominee) Ltd was incorporated in 1989 as one of the first licensed nominee companies in Malta, active in the registration and management of companies for non-resident clients.
Five years later, Malta moved away from the offshore regime in favour of a suite of legislation which paved the way for the financial services industry to develop in a planned and regulated environment.
Finco Treasury Management Ltd was set up and obtained a Category 2 Investment Services Provider licence, enabled the provision of investment services to grow into an important pillar of the Group’s activities. Besides servicing an increasing client base, Finco has over the years successfully pursued investor protection initiatives and actions for a large number of clients.
Finco Control Co Limited was merged into Finco Trust Services Limited which took over the license to act as a Trustee in terms of the Trusts and Trustees Act. By virtue of this licence, Finco Trust Services Limited is also authorised to act as a company service provider. Accordingly Finco was licensed to act as a Trustee in terms of the Trusts and Trustees Act.
The founding shareholders initiated a succession plan as they approached retirement age. At the end of 2023, an agreement was concluded between the founding shareholders and Chris Casapinta to be shareholder and managing director. The transaction was approved by the Malta Financial Services Authority in early 2024.
Finco continues to go through an exciting evolution with interesting expansion plans. Such expansion plans are possible thanks to committed colleagues who are experts in their respective fields and continuous investment in technology.