Etops – Shifting the paradigm for asset management operations

Etops AG | Bahnhofstrasse 16 | CH-8808 Pfaeffikon | Tel +41 55 417 57 57 | Fax +41 55 417 57 58 | etops.ch | info@etops.ch

We want to be the leader in establishing a sustainable, stable, agile and entre­preneurial investment management landscape. Together with our clients we create the investment management world of tomorrow.

Stability● Sophisticated and professional● Rigorous and reliable● Robust and scalable● Transparent to investors Agility● Ability to seize opportunities more quickly than the competitors● Highly adaptable● Entrepreneurial● Cost effective

• Design and implement key infrastructure (middle office, reporting, risk, reconciliation)

• Create efficient outsourced COO and middle office function

• Establish »due diligence readiness«

• Prepare for complex client reporting and risk manage­ment requirements

• Develop new products and integrate into operations

• Assume COO and middle office function

• Re-design legacy system architecture and process workflow

• Strategic projects (distribution, partnerships, JVs, M&A)

• Outsourced middle office to become fully institutional and efficient

• Review legacy operational infrastructure and processes

• Outsourced middle office to reach efficient growth path

Strategic outsourcing, advisory and project management services across the entire investment operations value chain.

The new breed of asset managers – Stable and agile

What we do for whom

Our key impacts – Your competitive advantage

Services along the life cycle

Start-up

0 80 150 500+ AuM (In Mio. USD)

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Agility

Ramp-up Evolve Next level

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Fund of Hedge Funds Asset & Wealth Managers

Funds (regulated/unregulated)

Managed accounts

Advisory services

Efficient projects with implemented turn­key solutions

Practical and proven solutions

Implementation focus

Enhanced speed of implementation

Focus on agility and stability

Business process outsourcing

Take over end­to­end operations processes

Provide maximum gain in flexibility in terms of capacity and business model

Implement modern and state­of­the­art operations business model

Outsourcing team appears as integrated in client company

Fixed costs to become variable costs

Significant efficiency gains through economies of scale and lower fixed costs

Etops builds business models for maximum adaptability.

Industry­leading customized reporting and client service solutions.

Our experienced specialists and network of experts will multiply your speed.

All the benefits of a fully institutional set­up combined with significantly lower fixed costs.

Operating models even the most sophisticated investors can rely on.

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Our vision Business focus

Single Fund Managers

Our vision and business focus

Use your resources for what you are best at. We do the rest.

Concentration on core competencies

Flexibility

Operational stability

Client relationships and retention

Speed to market

Cost efficiency

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Etops – Shifting the paradigm for asset management operations

Our services along the value chain

How we work – Sample/previous solutions

Targeted know-how and experience base

Key facts and your contacts at Etops

• Business build up

• Business planning, restructuring

• Strategic and operations project management

• Business services (audit administration, marketing, HR, accounting, MIS, compliance, risk management)

• Reporting services (regular reporting, complex/quantitative reporting)

• Client due diligence preparation

• RFP preparation

• Marketing material services/support

• Implementation of performance tools

• Planning & project management of investment systems

• Performance analysis

• Complex/quantitative analysis

• Risk management implementation

• New product set-up

• Shadow accounting

• Trade processing/ reconciliation

• Valuation/NAV reconciliation

• Flow administration (fees, rebates)

• FX hedging services for portfolios

• Quantitative analysis tools

• Risk management tools

• Trading/execution tools

• Development of customized middle office operations tools

• Compliance tools

• Customized and targeted build up of portfolio management, middle office and reporting solutions

• Implementation and customization of standard/off-the-shelf systems

• Pragmatic tools and solutions (reporting, risk, compliance, quantitative analysis)

• Built and implemented over a dozen systems for clients from scratch

• Dedicated team of 4

• Strong network of state-of–the-art external partners

• Full take over of asset management operations

• Partial take over of selected operations processes (e.g. reporting, compliance, risk management, project management)

• Operations set-up, restructuring and build-up projects

• Various clients under operations

• Multiple asset manager set-ups completed successfully

• Dedicated team of 7 (Switzerland, Bratislava)

• Management of strategy projects

• Management of operations and infrastructure projects

• Business start-up, growth and restructuring projects

• Targeted and efficient tool and process development e.g. reporting, risk management, analysis tools

• COO services for asset managers

• Over 20 years project management experience

• Dozens of international asset management projects completed

• Dedicated team of 5, thereof 2 very senior project managers

IT Platform(own/sourced)

Asset/wealth/fund managers

Infrastructure and systems

Key Facts Founders

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Middle office and operations

Projects and general management

Strategic/business services

Client services Investment services

Product management

Specialized tools

»Rationalize and stabilize«

We set up refined business processes for an institutional asset manager, defined proven and stable standards and took over the operations. The client is now able to run more cost-efficient operations and display fully institutional processes to investors.

»Stable, efficient and institutional«

We assisted the start­up of a new single hedge fund, designing its core infrastructure from operations systems to business processes. The fund was fully operational and due diligence ready shortly after at very efficient set­up and running costs.

»Fit for institutional sales«

We helped our client develop new tools and adapt processes to more adequately suit the requirements of institutional investors. The manager is now able to run and display a state­of­the­art business. He was able to and has substantially raised his assets under management.

»UCITS III enabled and efficient«

We helped a leading institutional asset manager build up an UCITS III­ready infra­ structure by implement­ing the necessary system, reporting and process components, resulting in scalable operations for future growth, leaving the manager ready for an efficient growth path.

»Reviewed, structured and efficient middle office«

A large fund of funds provider needed a thorough review of its middle office, shadow accounting processes and system infrastruc­ture. We provided the review, implemented the targeted state­of­the­art core infrastruc­ture and are now taking over middle office functions to render the manager more cost efficient and stable in its ongoing operations.

Fund of Fund provider

Institutional asset manager

Single hedge fund boutique

Single hedge fund start-up

Institutional asset manager

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Founding dateJanuary 2010 FoundersSenior professionals from leading investment management firms Number of employees10 Quality assurance partnerPricewaterhouseCoopers Locations

Etops AG Etops (Slovakia) s.r.o.Bahnhofstrasse 16 Karadzicova 8/ACH-8808 Pfaeffikon SK-821 08 BratislavaSwitzerland Slovakia

Michael AppenzellerFounder/CEO

+41 79 276 71 61m.appenzeller@etops.ch

Pius StuckiFounder/COO

+41 76 428 11 92p.stucki@etops.ch

Etops AG | Bahnhofstrasse 16 | CH-8808 Pfaeffikon | Tel +41 55 417 57 57 | Fax +41 55 417 57 58 | etops.ch | info@etops.ch

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