The CC Finance Group has recently reported record results for the first half of the year, achieving a revenue of €7.7m and an increase of 7% in client’s assets that now total €2.24bn. The performance of the Group's fund services division also remained robust.
For the first 6 months of the year 2023, CC Fund Services (CCFS) registered a record revenue of €1.46m, an increase in 18% over H1 2022, building on the positive results achieved at the end 2022 both in terms of growth and footprint in the fund administration industry in Malta. Currently the assets under administration are over €800m, servicing over 90 funds with a wide range of fund structures covering all asset classes.
Notwithstanding the adverse macro environment due to post-pandemic and war in Ukraine, CCFS was able to react quickly and to tackle such complex situations with an effective strategy combined with a resolute determination.
Thanks to various lines of business coming from back-office services offered to funds and clients based in Malta and overseas (Italy, Switzerland, Czech Republic, Monaco, etc.) CCFS has invested heavily in the quality and number of staff currently reaching around 40 employees. Particular attention was given to the strengthening of its IT infrastructure in order to ensure a more efficient and automated service to its clients.
CCFS has also strengthened its visibility within the local and foreign asset managers through a number of promotional and marketing initiatives especially addressed for the Italian and Swiss markets (conferences and sessions of meetings held in Milan, Rome, Padova, Brescia, Verona, Lugano, Geneve and Zurich) and aimed to present the company as the service provider of excellence and also to present advantages offered by Malta as fund jurisdiction for the set-up of collective investment schemes.