On Monday 18th February, the Malta Stock Exchange announced the approval of Joh. Berenberg, Grossler & Co KG of Hamburg, Germany as a Member of the Exchange.
Berenberg Bank, as is it popularly known, will be the 13th Member of the Exchange, and signifies an interesting development in the history of the Exchange since it is the first international member of the Exchange. This development is the result of the internationalization strategy adopted by the Malta Stock Exchange and the international networks that it has established through the Clearstream Banking custodial relationship, and the Xetra trading platform that was adopted in July 2012.
This new development, together with the fact that an increasing number of unlisted European companies are using the Depository for registry as well as custodial services, augers well for the development of new business for the Exchange.
For more information, please contact Cliff Pace, Product and Business Development Manager at the Malta Stock Exchange on borza@borzamalta.com.mt or call (00356) 21244051.
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