James Farrugia, Manager at Malta Financial Services Authority’s Securities Unit will be the first beneficiary of a prestigious work placement scholarship in London. The Mansion House Scholarship Scheme was granted by the Lord Mayor of The City of London Corporation. Mr Farrugia has secured the first of two places that have been assigned to Malta Financial Services Authority. The City of London Corporation meets the costs of the Scholarships and the placements have been arranged by the MFSA.

Mr Farrugia will spend three weeks working in the Global Financial Risk Management Department of Barclays Capital in London. The experience will give him first hand knowledge of the workings of a world-ranked finance firm and how it approaches areas such as risk management of funds, particularly in relation to hedge funds and funds making use of derivatives. During his time in London Mr Farrugia will also attend briefings at the UK’s Financial Services Authority, on the implementation of the EU’s UCITS lll Directive. Mr Farrugia will meet the Lord Mayor when in London.