Etops at a glance...the leading hedge fund and fund of fund consulting and operations outsourcing boutique

1. Etops – Shifting the paradigm for asset management operations
®
1 Our vision and business focus 2 Our key impacts – Your competitive advantage
Our vision Business focus 1 Concentration on core 2 Operational stability 3 Speed to market
competencies
We want to be the leader in establishing Strategic outsourcing, advisory
a sustainable, stable, agile and entre­ and project management services
preneurial investment management across the entire investment Use your resources for what you Operating models even Our experienced specialists and
landscape. Together with our clients we operations value chain. are best at. We do the rest. the most sophisticated investors network of experts will multiply
create the investment management can rely on. your speed.
world of tomorrow.
The new breed of asset managers – Stable and agile
4 Flexibility 5 Client relationships and 6 Cost efficiency
Stability retention
Stability
● Sophisticated and professional
®
● Rigorous and reliable Etops builds business models for Industry­leading customized All the benefits of a fully
● Robust and scalable maximum adaptability. reporting and client service institutional set­up combined with
● Transparent to investors solutions. significantly lower fixed costs.
Agility
● Ability to seize opportunities more quickly than the competitors
● Highly adaptable
● Entrepreneurial
Agility ● Cost effective
3 What we do for whom 4 Services along the life cycle
Single Fund Managers Fund of Hedge Funds Asset & Wealth Managers
Business development
Advisory services
Efficient projects Practical and proven Implementation Enhanced speed of Focus on agility and
with implemented solutions focus implementation stability ®
turn­key solutions
Business process outsourcing
0 80 150 500+ AuM (In Mio. USD)
Take over end­to­end Provide maximum Implement modern Outsourcing team Fixed costs to Significant efficiency
operations processes gain in flexibility in and state­of­the­art appears as become variable gains through
terms of capacity operations business integrated in client costs economies of scale Start-up Ramp-up Evolve Next level
and business model model company and lower fixed costs
Sample services
• Design and implement key • Establish »due diligence • Re-design legacy system • Review legacy operational
infrastructure (middle office, readiness« architecture and process infrastructure and processes
reporting, risk, reconciliation) • Prepare for complex client workflow • Outsourced middle office to
Funds (regulated/unregulated) • Create efficient outsourced reporting and risk manage­ • Strategic projects reach efficient growth path
COO and middle office ment requirements (distribution, partnerships,
function • Develop new products and JVs, M&A)
Managed accounts integrate into operations • Outsourced middle office to
• Assume COO and middle become fully institutional
office function and efficient
Etops AG | Bahnhofstrasse 16 | CH-8808 Pfaeffikon | Tel +41 55 417 57 57 | Fax +41 55 417 57 58 | etops.ch | info@etops.ch

2. Etops – Shifting the paradigm for asset management operations
®
5 Our services along the value chain 6 Targeted know-how and experience base
Strategic/ Client services Investment Product Specialized Asset/wealth/fund managers
business services services management tools
• Business build up • Reporting services • Implementation of • New product set-up • Quantitative analysis
Infrastructure and Middle office and Projects and
(regular reporting, performance tools tools systems operations general management
• Business planning, complex/quantitative • Shadow accounting
restructuring reporting) • Planning & project • Risk management • Customized and targeted build up • Full take over of asset management • Management of strategy projects
management of • Trade processing/ tools of portfolio management, middle operations
• Strategic and • Client due diligence investment systems reconciliation office and reporting solutions • Management of operations and
Content
operations project preparation • Trading/execution • Partial take over of selected infrastructure projects
management • Performance analysis • Valuation/NAV tools • Implementation and customization of operations processes (e.g. reporting,
• RFP preparation reconciliation standard/off-the-shelf systems compliance, risk management, • Business start-up, growth and
• Business services • Complex/quantitative • Development of project management) restructuring projects
(audit administration, • Marketing material analysis • Flow administration customized middle • Pragmatic tools and solutions
marketing, HR, services/support (fees, rebates) office operations tools (reporting, risk, compliance, • Operations set-up, restructuring and • Targeted and efficient tool and
accounting, MIS, • Risk management quantitative analysis) build-up projects process development e.g. reporting,
compliance, risk implementation • FX hedging services for • Compliance tools risk management, analysis tools
management) portfolios
• COO services for asset managers
• Built and implemented over a dozen • Various clients under operations • Over 20 years project management
Experience and
systems for clients from scratch experience
resources
• Multiple asset manager set-ups
• Dedicated team of 4 completed successfully • Dozens of international asset
IT Platform
management projects completed
(own/sourced) • Strong network of state-of–the-art • Dedicated team of 7 (Switzerland,
external partners Bratislava) • Dedicated team of 5, thereof 2 very
senior project managers
7 How we work – Sample/previous solutions 8 Key facts and your contacts at Etops
Institutional asset Single hedge fund Single hedge fund Institutional asset Fund of Fund
manager start-up boutique manager provider Key Facts Founders
»Rationalize and »Stable, »Fit for »UCITS III »Reviewed,
Founding date Michael Appenzeller
stabilize« efficient and institutional enabled and structured and
January 2010 Founder/CEO
institutional« sales« efficient« efficient middle
office« Founders
We set up refined We assisted the start­up We helped our client We helped a leading A large fund of funds Senior professionals from leading investment
business processes for of a new single hedge develop new tools and institutional asset provider needed a management firms
an institutional asset fund, designing its core adapt processes to more manager build up an thorough review of its +41 79 276 71 61
manager, defined proven infrastructure from adequately suit the UCITS III­ready infra­ middle office, shadow Number of employees m.appenzeller@etops.ch
and stable standards operations systems to requirements of structure by implement­ accounting processes
10
and took over the business processes. institutional investors. ing the necessary and system infrastruc­
operations. The client is The fund was fully The manager is now system, reporting and ture. We provided the
now able to run more operational and due able to run and display process components, review, implemented Quality assurance partner Pius Stucki
cost-efficient operations diligence ready shortly a state­of­the­art resulting in scalable the targeted state­of­ PricewaterhouseCoopers Founder/COO
and display fully after at very efficient business. He was able to operations for future the­art core infrastruc­
institutional processes set­up and running and has substantially growth, leaving the ture and are now taking
to investors. costs. raised his assets under manager ready for an over middle office Locations
management. efficient growth path. functions to render the
manager more cost Etops AG Etops (Slovakia) s.r.o.
efficient and stable in its Bahnhofstrasse 16 Karadzicova 8/A +41 76 428 11 92
ongoing operations.
CH-8808 Pfaeffikon SK-821 08 Bratislava p.stucki@etops.ch
Switzerland Slovakia
Etops AG | Bahnhofstrasse 16 | CH-8808 Pfaeffikon | Tel +41 55 417 57 57 | Fax +41 55 417 57 58 | etops.ch | info@etops.ch