The genesis of the Malta Asset Service Association (hereinafter âMASAâ) goes back to 22 September 2003 by two of its current members, HSBC Global Asset Management (Malta) Limited and Valletta Fund Management Limited. At the time, the MASA was known as the Malta Investment Management Association and, initially, it represented the common interests of fund managers. Following Maltaâs accession to the European Union on 1 May 2004, the industry witnessed an increased interest by international fund promoters to domicile their funds in Malta.