Luke Vella Clark Email & Phone Number

Malta

Malta

Malta

Having joined FCS Asset Management as a Senior Manager, my role is to oversee the daily operations of the Fund Administration department to ensure error-free reporting. As of April 2021, given my previous experience as MLRO, I was also entrusted with the MLRO duties on both FCS Asset Management and the Funds/ SICAV's we administer.

Malta

Following the resignations of both the previous General Manager and MLRO resources within the Malta office, I was approached to step up into these positions and assume responsibility of steering the Sanne Fund Services Malta offices. My daily job was to constantly look for employee/ system improvements to enhance quality, level of detail and efficiency throughout all departments, and implement automated systems – mainly through the use of Microsoft Excel combined with our internal software. I was also responsible to ensure all mandates are up-to date, accounting being performed according to agreed contracts, and invoices being settled and collected in a timely manner. By being the person in charge of the Malta office made me eligible to be part of various committees within the Sanne Hedge Division (Cape Town & Malta), whilst being the face of Sanne Malta (as Administrator) during client board meetings, conferences and other meetings. This goes hand-in-hand with other responsibilities that such position brings with it, such as recruitment, staffing issues, authorizations, office contracts, liaison with other head of departments within the group, DR & BCM plans constantly tested and up-to-date, maintaining excellent relationships, and any other adhoc issues.

Malta

IDS Fund Services was acquired by SANNE in June 2016.My role involved monitoring and controlling the service as delivered by a team of Fund Accountants through the contract with the client, ensuring and:• Maintaining the underlying accounting records for assigned funds (including domestic offshore, hedge funds, etc.),• Planning and controlling team workload and workflow,• Identifying training and development needs of the team,• Mentoring team members,• Performing a thorough review of valuations up to final sign-off stage,• Ensuring service levels are being maintained,• Preparation of Administrator's report,• Attending board meetings and liaison with Directors,• Putting integral enhancements in place to overall CRS / CDD procedures• Liaison with clients, fund managers and auditors while assisting with implementing new processes and procedures.

Malta

Malta

Preparing and presenting accurate and error-free calculation of the Net Asset Value ("NAV") of funds, including the calculation of the funds income and expense accruals and the pricing of securities at current market value to the client. Reconciliation of bank accounts in relation to settlement of daily purchases and sales of securities, and reconciliation of positions and figures of holdings with custody and broker records. In charge of a portfolio of various complex funds which demand high level of detail and good understanding of the complexity within.Dealing with banks and other financial institutions in order to transfer funds to buy/ trade securites, settle outstanding invoices and preparation of payments of fund expenses, processing of subscriptions and redemptions, to ensure that all investment trades are captured in the books of account, issuing of shareholder valuation statements, asset valuations are current, all accruals are accurate, the administered funds comply with KYC and AML regulations and reflect a current knowledge of cash flow. Other responsibilities were liaising with custodians and clients, investor services and maintenance and filing of the fund's financial books and records. I was also responsible in aiding in training of any new recruits.

Mainly responsible for:Calculating and preparing the NAV of funds;Daily reconciliation of cash and positions on various funds;Incoming Subscriptions, Redemptions and Transfer requests;Issuing contract notes and shareholder valutation statements;KYC and AML regulations compliance;Dealing with any investor, client or custodians queries and issues;Responsible in aiding of training new recruits;Various other ad hoc tasks.

Malta

My responsibility is to maintain a portfolio of companies on behalf of clients who are domiciled overseas and my main role is to keep a company in a correct and legal status. My day to day job is to draft resolutions, minutes and other paralegal documents. I am also responsible for due diligence with regard to anti-money laundering legislation and ‘know your client’ procedures to ensure that all directors and officers of the companies have satisfactory bone fides. I am also responsible for corresponding with various banks to open bank accounts and to keep in constant correspondence with Trust Companies and Fund Administrators in relation to the implementation of financial transactions that are often carried out on behalf of the client.

Assisting the investment and insurance sales teams by suggesting new approaches to improve the current system & administration, inputting instructions on subscriptions & redemptions, assisting the Head of Financial Planning.

Handling clients’ queries with regards to Investments, Health Insurance & Life Insurance.

Diploma, Fund Administration Level 6

Activities and Societies: The syllabus for the Diploma in Fund Administration (Europe) allows delegates to specialise in one of three.

Education record

Maltese, Sociology, English, Italian, Environmental Science And Sok

Activities and Societies: "A" Levels - Maltese & Sociology Intermediate Levels - English, Italian, Environmental Science and SOK