2 Mission Statement Since 1980, ADEPA provides clients with tailormade solutions in the financial industry. We are an independent and global service provider in the field of administration, management and support services built in a framework of partnership and confidence with our clients. We help them structuring and implementing all-in solutions to their needs. ADEPA is committed to assume new ventures while preserving its independence, entrepreneurial spirit, service innovation and a unique client focus.
3 Our Vision We strive to be a unique partner supporting customers on a global basis, structuring and running tailored financial solutions while serving them with an outstanding human touch. Our main goal is turning business ideas into reality, to become a market reference, expand geographically and entering into new partnerships or alliances.
4 Licenses ADEPA Asset Management SA. Regulated by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg as a UCITS IV Management Company performing the following activities: Fund Administration and Domiciliation (including NAV Calculation) Third party Management Company Services Investment Management Fund Distribution ADEPA Corporate & Trust Sàrl. Regulation Ordre des Experts-Comptables (OEC) as a fiduciary company performing domiciliation and accounting servies to companies.
5 Our Values Since inception, ADEPA s culture is based on strong core values : Investing in our people: be a great human place to work where our people are motivated and inspired to demonstrate a can-do and continuous improvement attitude. Acting with integrity: be honest and inspiring trust by saying what we mean, matching our behaviours to our words and taking responsibility for our actions Oriented to our customers : treat with respect and professionalism, create long-term relationships by consistently delivering value Preserving our entrepreneurial spirit : new challenges are a key motivation for us. We believe in partnerships, we address obstacles pro-actively and we invest ourselves for the future Respect for our tradition: Our three decades of industry knowledge and experience empowers you with reliable advice and support. Our human size and our independent structure leads to a strong focus on quality and leads to a long term relationship of trust that we strive to build
6 The team The Adepa team consists of internationally experienced senior executives. The Partners of ADEPA have on average more than 20 years of investment experience. Each team member possesses specialized industry knowledge and brings a global network of renowned industry experts. The unique combination of the ADEPA team adds value by introducing diverse approaches and perspectives in the financial world. Solutions for Ideas in a Global Financial World
7 Shareholding Structure On 24 February 2011 ADEPA Asset Management SA ( ADEPA ) and Espírito Santo Financière S.A. ( ESFIL ), a fully owned subsidiary of Espírito Santo Financial Group S.A. ( ESFG ) announced the signing of an agreement that gives ESFIL a 40% stake in ADEPA while 60% remains in hands of the promoters of the Company. Carlos Alberto Morales, Managing Director of ADEPA We are delighted with the arrival of ESFIL as a shareholder. After more than 3 decades providing solutions to our clients, this new partnership will allow our Company to achieve the objectives established in our ambitious strategic plan for the coming 7 years which foresees a significant growth and a strong international expansion. At the same time, such a prestigious shareholder as ESFG, through ESFIL, will help us preserve our quality standards; the basis of the success achieved so far Bernard Basecqz, Chairman of ESFIL and Director of ESFG: Our philosophy is to invest in businesses with a sound structure and important growth potential. Moreover in ADEPA we found a highly qualified and entrepreneurial team, ready to assume new ventures. We are convinced that the Group will benefit from this new Relationship and from this foundation we will be launching new projects across the European Union. The Espírito Santo Group has been in Luxembourg since 1975, the participation in ADEPA is a new and clear commitment towards this country and its financial centre The partnership enables ADEPA to build on its successes and capitalize on the increased market opportunities for its fund administration and investor services
8 Key Facts
9 Key Facts 30 years of experience in the Financial Sector. Providing services to 29 to investment managers Administration of more than 100 investment vehicles (UCITS, SIF, SICAR and SOPARFI). A regulated UCITS IV business with more than 1 Billion EUR under administration. 1 major shareholder with 27 Billion EUR in assets under management. Multiple custodian relationships and set-up. Operating with more than 20 brokers. Investment Vehicles audited by 4 different audit firms Full administration coverage for hedge funds, private equity and Real Estate
10 Our platform Multifonds' advanced back-office solution is now being used around the world by institutions handling assets totalling over USD 3 trillion. Multifonds Fund Accounting supports daily, weekly and monthly NAV calculation for the most complex and sophisticated types and structures of mutual, institutional, alternative, hedge and pension funds across multiple markets and over 30 regulatory jurisdictions. These include the US, Singapore, Hong Kong, France, Germany, Luxembourg and the UK. Multifonds' flexibility and configurable workflow capability lets users improve efficiency and quality, while meeting the tightest NAV and distribution deadlines. The world s top 10 custodians and many top tier asset managers choice. Complex fund structures Extensive security/derivative coverage Multi-class calculation Multi-jurisdictional tax and regulatory compliance
12 Services Central Administration Domiciliation and Legal Support Asset Management Support Fund Distribution Support Data Management Support
13 Services Central Administration Central Administration General fund administration Accounting Bookkeeping Reconciliation Pricing of Securities Corporate Actions Net Asset Value Calculation Publication Regulatory Reporting Financial Statements Preparation Multi Class accounting Performance Fee Calculation Tax Declarations Cash Payment Instructions
14 Services Domiciliation and Legal Support Domiciliation and Legal Support Provision of a registered office. Legal Documentation Management Organization of Shareholders Meetings Liaison with supervisory and other authorities. Filing and provision of mandatory documents to investors. Day-to-day secretarial services
15 Services Asset Management Support Asset Management Support Compliance monitoring Investment Restriction Control Asset eligibility checks Middle Office Provision of Middle Office Infrastructure Trade processing and settlement Risk Management & Analysis Risk Reporting (VaR and Commitment) Counterparty Calculation Performance attribution analysis
16 Services Fund Distribution and Data Mgmt Support Fund Distribution Support KIID Preparation of the KIID Ongoing monitoring Distributors Trailer Fee calculation and payment Contact with Distributors Data Management Support Data Management and Delivery Preparation of flat files Sending information in CSV, Excel or other formats.
17 Solutions for Ideas in a Global Financial World 6 A, Rue Gabriel Lippmann L-5365 Munsbach Luxembourg Tél: Fax:
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