A bespoke Family Office reporting solution Zürich,12 th November 2014

Movember

History  British, Swiss based  20 years in Family Office space  Developed Back Solution in large SFO  Solution now commercialised independently

The Client  Monaco based SFO 5 employees 2 outside consultants  Single Principal  Portfolio across principal asset classes 300 fixed income positions 500 equity positions Alternative assets Externally managed funds Hedging positions

Objectives – Back Office  Replace obsolete Back Office system  Import 12 years of history 100,000 operations 8,000 securities Excel-based alternative assets  Automatic daily pricing of all positions  Provide accurate accounting views  Audit reports on externally managed portfolios

Objectives – Reporting  Single point of reference  Reduce monthly report lag from 6-10 days to 2 days  Audit reports for externally managed portfolios  Single layout theme across all reports  Automate report production  Rapid resolution of discrepancies

Problems and Solutions  Little documentation of existing system  Security definitions and identifiers Merge duplicate securities Industry sector definitions – GICS & ICB  Fiduciary deposit history (2000+)  Corporate actions

Problems and Solutions  Build staging area to load and test migration scenarios  Imported security definitions from BBG (90%) Missing definitions entered manually  Built custom reconciliation reports Balances and valuations on a quarterly basis  Account specific migration  Cash is the test

Key Success Factors  Client support  Achievable milestones  Realistic budget and expectations  Flexible project management

Thank You!