Your SlideShare is downloading. ×
Sfs Company Profile (Dec 08) 3
Sfs Company Profile (Dec 08) 3
Sfs Company Profile (Dec 08) 3
Sfs Company Profile (Dec 08) 3
Sfs Company Profile (Dec 08) 3
Sfs Company Profile (Dec 08) 3
Sfs Company Profile (Dec 08) 3
Sfs Company Profile (Dec 08) 3
Sfs Company Profile (Dec 08) 3
Sfs Company Profile (Dec 08) 3
Sfs Company Profile (Dec 08) 3
Sfs Company Profile (Dec 08) 3
Sfs Company Profile (Dec 08) 3
Sfs Company Profile (Dec 08) 3
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Sfs Company Profile (Dec 08) 3

567

Published on

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
567
On Slideshare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
0
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 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 2
  • 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. 3
  • 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 4
  • 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 5
  • 6. Range of Services Registrar  Investment application processing  Maintaining registers  Issue certificates  Process transfers, subscriptions and redemptions  Income distribution  Reporting 6
  • 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 7
  • 8. SFS as Fund Administrator Portfolio/Fund Investor Portfolio/Fund Manager SFS Fund Broker Administration Market / SFS Custody Depository Direct Local Custodian 8
  • 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. 9
  • 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. 10
  • 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 11
  • 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 12
  • 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 13
  • 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 14

×