BOV opens sixth Investment Centre

Bank of Valletta has inaugurated its Investment Centre in Gżira, the sixth and last in a series of regional centres offering customers a bespoke service in investments.

BOV Investment Centres are part of an extensive restructuring of the Bank’s investment services, which focuses on a comprehensive re-categorisation of the Bank of Valletta Group’s wide range of investment products. This project started in October 2012 with the launch of the first centre in Birkirkara.

Peter Perotti, chief officer personal banking, explained the bank’s new three-tiered approach to investment services, with the first level of service being offered at the bank’s branches where customers may purchase a number of in-house products as well as local equities and bonds.

Customers requiring investment advice or more complex products, will be referred to an Investment Centre. Upon reaching a particular threshold, clients will be upgraded to the Wealth Management Unit.

Each Investment Centre has around eight financial advisers who are fully qualified and licensed by the MFSA to offer financial advice to clients.

“To date, over 9,000 customers have visited one of our investment centres. We have been collating and analysing feedback received very thoroughly since the initiation of this project,” said Alan Cassar, executive head retail network during his visit to the Gżira Investment Centre.

Meanwhile, the Gżira BOV branch has been temporarily relocated from The Strand to Fawwara Buildings, Msida Road, Gżira.