Investment Committee

Massimo Malivesto

massimo malvestio


Massimo Malvestio graduated in law at Padua University in 1985 and founded the Italian law firm Barel Malvestio & Associati five years later, where he was the managing partner until 2013. Throughout his career, Massimo was a consultant to a number of Italian banks and listed companies.  He is also a “revisore contabile” and in 1988 was admitted to the trading floor of Milan Stock Exchange. He served on the boards and investment committees of banks, asset managers and brokerage houses in Italy, Luxembourg and Malta. Massimo has published a number of books and was invited to hold talks on banking, financial and corporate law subjects. In 2014 he relocated from Italy to Malta and is currently bringing to a close his profession as a lawyer to devote all his time to asset management activities. In 2018, Massimo, as portfolio manager of Hermes Linder Fund SICAV plc, was awarded the Thomson Reuter Lipper Fund Award for Best Fund over 3 Years in the category “Equity Europe 2017”.

Marcel Zimmermann

marcel zimmermann


Marcel Zimmermann has been actively investing in Asia since 1980. He left Banca del Gottardo, Lugano in 1993 as Vice Director and Head of the Asian market-making activity to set up his own asset management company. He furthermore diversified into market research and analysis to support institutional clients [SICAV] in the asset allocation and stock selection of their Asian portfolio. Several of these funds won Lipper and Morningstar awards. He also sits on the board of Directors of Lemanik Sicav Luxembourg. Marcel now sits on the Board of Directors of Praude Asset Management Ltd. He is also a member on the Investment Committee.

Tom Anastasi

tom anastasi PACE


Tom Anastasi Pace sits on the boards of a number of SICAV’s and Insurance Companies registered in Malta. Tom Anastasi Pace had joined the Bank of Valletta Group in 1976 and retired in 2002 after having occupied various deputy and executive positions within the Group, including Chief Officer at Financial Markets between 2000 and 2002 wherein he was responsible for the Group’s Treasury and Foreign Currency Assets. Between 1984 and 2000, he headed the Group’s International Division. From 1997 to 2002, he was also the official within Bank of Valletta responsible for the development of the investment banking sector of the Bank of Valletta Group. He also sat on the boards of the Bank of Valletta Group’s fund management and fund administration companies from which he resigned in 2014.


Erick van Engeland


Erick van Engeland has been a senior investment advisor and manager since 1992. Working as an institutional stockbroker he built an extensive network of reputable investment professionals on both sides of the Atlantic and, incremental to this, as an investment manager in London he ran European stock portfolios, gaining valuable insights into the 'Buy-side'. Earlier in his career, and adding extra insight,  he was responsible for selling investment portfolio optimisation techniques and services to professional European investors.

Erick strongly believes that the combination of this experience, with a healthy dose of common sense added to this deep understanding of markets, allows the construction of resilient investment portfolios, or indeed advice on their construction. His style bias leans towards value investing, and to this effect Erick believes it is crucial to understand both companies' business models and the financials that support them. As a strategic and lateral thinker his instinct is to steer away from businesses which could easily be disrupted or disintermediated through technology shifts, or as a result of changes in legislation or regulation. He is a stickler for accuracy and curious and well informed about global affairs, finance and the economy and applies his extensive knowledge and networks in consulting for both companies and investors..