1. SICO Funds Services Company
Corporate Profile

2. Introduction to SFS
 SICO Funds Services Company (SFS) :
– Incorporated in Bahrain in 2004.
– Created by ‘spinning’ off SICO’s custody unit.
– Wholly owned subsidiary of SICO.
– Licensed from the Central Bank of Bahrain & The Ministry of
Commerce and Industry.
 SICO has a track record of 10 years in the custody business
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3. Introduction to SFS
 Stable and streamlined platform
 Dedicated and experienced team
 Network of partners and direct local sub-custodians
 Provides integrated custody and asset administration
solutions.
 Employing sophisticated technological tools, processes and
delivery platforms.
 Offers flexible services designed to correspond to client’s
varying requirements.
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4. Range of Services
Custody
 Safekeeping of assets
 Custody of legal documents
 Preparation of custody statements
 Opening & managing bank accounts
 Reconciliation of accounts
 Processing settlements (investment, expenses...etc)
 Processing of corporate actions
 Market updates
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5. Range of Services
Fund Administration
 Develop multi-currency chart of accounts
 Maintaining accounting records
 Verifying adherence to fund/portfolio guidelines and restrictions
 NAV calculations and reporting
 Produce and report complete financial statements
 Co-ordinate regular internal and external audits
 Design customized reports to fund/portfolio Managers
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6. Range of Services
Registrar
 Investment application processing
 Maintaining registers
 Issue certificates
 Process transfers, subscriptions and redemptions
 Income distribution
 Reporting
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7. SFS as Custodian
• SFS Operations and Services are totally independent and
segregated from its parent company operations.
• The relationship with SICO as Broker and/or Asset
manager is conducted on arm’s length basis.
Broker
SFS Market /
Client
Custody Depository
Direct Local
Custodian
Network
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8. SFS as Fund Administrator
Portfolio/Fund
Investor
Portfolio/Fund
Manager
SFS Fund
Broker
Administration
Market /
SFS Custody
Depository
Direct Local
Custodian
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9. Platform
 Integrated systems geared to delivery of a wide range of
client requirements in a secure and controlled
environment.
 SFS is constantly expanding and improving its technology
infrastructure in response to the developing requirements
of clients and market operations.
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10. Reporting
 The availability of reports at the frequency and format
anticipated by clients is an essential requirement for
optimal decision-making.
 The reports generated by SFS systems enjoy two basic
features:
A fully automated process: from A customisable platform
extraction of data, modeling, and
This enables SFS to deliver
formatting, to delivery through
customized reports to suit
fax or email. This minimise the
specific client needs.
possibility of human error.
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11. SFS Client Profile
Funds Administered:
GCC Equity Fund (1) USD 21 million
Equity Fund (2) USD 16 million
GCC Equity Fund (3) USD 32 million
Equity Fund (4) USD 16 million
Total Funds Administered USD 244 million
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12. SFS Client Profile
 Funds (Single or Multi Asset Class)
 Private Portfolios
 Proprietary Portfolios
 Escrow Accounts
 Investment Schemes & Structure
 Pension Funds
 Real Estate Investment Vehicles or Structures
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13. Funds Under Custody
Millions (BHD)
2,500.000
2,000.000 1,923.890
-
1,623.011
1,579.848
-
1,464.413
1,500.000
1,320.479
- 1,320.479
1,321.957
- -
1,000.000
500.000
234.774
-
-
1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08
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14. For Further Information
Contact details: Amal Al Nasser
General Manager
P.O. Box 20233 Direct line +973 17516061
Diplomatic Area Email: amal.alnaser@sicobahrain.com
Manama
David R. Halstead
Kingdom of Bahrain Director
Direct Line +973 17515022
Email: david.halstead@sicobahrain.com
General line: +973 1751 6060
Fax: +973 1753 1777 Sreeni Konnat
Head of Fund Administration
Web: www.sicobahrain.com/sfs Direct line +973 17516066
Email: custody@sicobahrain.com Email: sreenivasan.k@sicobahrain.com
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