Issue link: https://maltatoday.uberflip.com/i/517560
maltatoday, WEDNESDAY, 27 MAY 2015 11 Business Today www.creditinfo.com.mt info@creditinfo.com.mt Tel: 2131 2344 Your Local Partner for Credit Risk Management Solutions Supporting you all the way Malta to host international logistics industries forum in June Building on last year's inaugural TransLog events that sparked a new wave of interest in the transport and logistics potential of Malta, the fi rst edition of the Logistics Managers & Practitioners Forum will be held on 19 June. Supported by HSBC Bank Malta, the Logistics Forum will bring together for the first time industry leaders to share best practice and foster exchange of ideas. Logistics is that part of the supply chain process that plans, implements, and controls the efficient, effective flow and storage of goods, services, and related information from the point of origin to the point of consumption in order to meet customers' requirements. "For next month's event, TransLog is aiming to bring together experts from logistics industries for a dialogue around the complexities and challenges of this sector in the country. The TransLog sector in Malta offers a number of significant untapped opportunities and, if harnessed professionally and fully, it will increasingly become an even greater contributor for the benefit of Maltese companies operating in this sector and to the Maltese economy. Therefore, fresh perspectives are needed to provide the right sense of direction at this challenging moment when other Mediterranean countries are already there while others are gearing up to offer what Malta can achieve: a reputable centre for a regional transportation, logistics and supply chain hub," said organiser Alex Borg of SSM Group. HSBC Malta's Head of Commercial Banking Michel Cordina said: "Going global is increasingly critical for Maltese companies if they are to remain competitive, and logistics is one of the support backbones required to sustain this essential development for Malta. With its global connections and expertise, HSBC is uniquely positioned to help companies in Malta achieve success on the global level. "This is already attested by the fact that the first €50 million tranche of the Malta Trade for Growth Fund, dedicated solely towards stimulating international trade, was taken up in the relatively short span of a few months. In this regard, TransLog events, such as the Logistics Forum, complement our own initiatives at HSBC," Cordina said. A panel discussion featuring senior officials from EY Malta, Express Group, Malta Freeport Corporation, HSBC Commercial Banking, and from government will also take place. Parliamentary Secretary for Competitiveness and Economic Growth José Herrera will address the audience to start off the proceedings. The Logistics Manager & Practitioners Forum takes place on the back of a Transport Managers & Practitioners Forum, which was held in October 2014 on the sidelines of Malta's first transport and logistics awards, the Translog Awards. TransLog events are organised by Support and Supply Management Group (SSM) and marketing communications agency BPC International Limited. More information and prior registeration can be made at 2123 1015 and comm@ssmgroup.com HSBC Malta's Michel Cordina (left) and SSM Group's Alex Borg, one of the TransLog events organisers REYL & Cie obtains fund custodian licence in Malta To supplement the Asset Services offered by REYL Group in Ge- neva, Luxembourg and Zurich, REYL & Cie SA is setting up a new subsidiary in Malta under a category-4a licence granted by the Malta Financial Services Au- thority, which covers custody ac- tivities for funds. This new office will enhance an existing comprehensive offering that includes investment strategy consulting, along with a full line- up of fund custody, trading, set- up and governance services. As part of its growth strategy, REYL & Cie SA continues to invest and expand to best serve its financial, institutional and international, business clients. REYL Group has adopted a diversification strategy that encompasses its service offering as well as its geographic presence. The Asset Services activity will thus complement the current business lines, namely Wealth Management, Private Office, Corporate Advisory & Structuring and Asset Management. Malta will strengthen REYL Group's international presence above and beyond its seven existing locations in Europe and Asia. "We had already considered establishing a presence in Malta before the official launch of our Asset Services business line in order to offer our institutional clients modern and cost-effective fund custody, governance and set-up solutions. "We are therefore very pleased to have obtained authorisation from the Maltese authorities to act as a licensed custodian. Malta is a fast-growing financial center that is easily accessible within the European Union. It has the entrepreneurial drive we encourage in our own approach," says François Savary, Head of Asset Services and Chief Strategist at REYL Group. "We can also count on an integrated team of professionals based in our offices in Malta, Luxembourg and Geneva who have extensive experience in the legal and operational aspects of investment vehicles. "We are confident this new location will offer real value- added services to our fund administrator, promoter and manager clients." About REYL & Cie Ltd The REYL Group is an independent banking group based in Geneva, with offices in Zurich, Lugano, Paris, London, Luxembourg, Malta, Singapore and Hong Kong. The Group manages assets of over CHF 10 billion and employs 175 people (figures as at 31/12/2014). Developing a contemporary approach to banking, the Group serves a clientele of international entrepreneurs and institutional investors through its Wealth Management, Asset Management, Private Office, Corporate Advisory & Structuring and Asset Services business lines. Founded in 1973, REYL & Cie Ltd is licensed as a bank in Switzerland and performs its activities under the direct control of the Swiss Financial Market Supervisory Authority (FINMA) and the Swiss National Bank (SNB). The REYL Group's subsidiaries are also regulated by the LPCC in Switzerland, the AMF in France, the FCA in the UK, the CSSF in Luxembourg, the MFSA in Malta, the MAS in Singapore and the SEC in the United States. For more information log on to www.reyl.com 670 in non-fatal accidents at work Claims in respect of non-fatal acci- dents at work in the fi rst quarter of 2015 decreased by 44, or 6.2 per cent, compared to the corresponding period in 2014. One fatal accident at work was re- ported. A d m i n i s t r a t i v e records show that 670 persons were involved in a non- fatal accident at work in the first quarter this year. The majority of non-fatal accidents at work occurred in the manufacturing sector (19.0 per cent), followed by construction (17.2 per cent) and transportation and storage (13.9 per cent). When compared to the same quarter last year, the number of accidents went down by 40 in manufacturing and increased by 23 in human health and social work activities. The largest share of accidents at work during the reference quarter involved persons working in craft and related trades (24.9 per cent) followed by those in elementary occupations (24.5 per cent). Wounds and superficial injuries were the most common, with 422 cases, while dislocations, strains and sprains amounted to 134 cases. Nearly half of injuries at work affected the upper extremities of the body, such as fingers and hands. In the first quarter, nearly a third of accidents at work took place in enterprises employing 500 or more employees (32.4 per cent). Between January and March 2015, the Occupational Health and Safety Authority (OHSA) reported one fatal accident at work, similar to the corresponding period in 2014.