Corporate Brochure 2017 EUR

GLOBAL ASSET SERVICING PARTNER

CACEIS YOUR GLOBAL ASSET SERVICING PARTNER

CACEIS is an asset servicing bank specialising in post-trade functions related to administration and monitoring of all asset classes. With a solid IT infrastructure, we provide execution, clearing, custody, depositary and asset valuation services in markets worldwide to assist institutional and corporate clients. As a specialist in operational process outsourcing, CACEIS creates an environment that enables its clients to effectively meet their business development objectives. With an innovative product offering, adapted to changing market practices and regulatory requirements, CACEIS is a leading European provider of custody and fund administration services and an active participant in the North American and Asian markets. With steady growth in terms of assets, clients and geographical coverage, and the solid support of our shareholder, Crédit Agricole, CACEIS is a reliable partner for your business. CACEIS is one of the pillars of the Crédit Agricole Group’s Premium Clients division alongside our partners Crédit Agricole Corporate & Investment Bank, IndosuezWealth Management and Crédit Agricole Private Banking Services, which are strong allies in expanding our range of solutions. As a result, our clients benefit from integrated asset servicing, advisory, financing and investment offerings.

With an innovative product offering, adapted to changing market practices and regulatory requirements, CACEIS is a leading provider of custody and fund administration services.

CACEIS is the privileged long-term strategic partner for its clients.

KEY BENEFITS OF CACEIS

LONG-TERM PARTNER

ASSET SERVICING

100%

MARKET LEADER

CLIENT PROXIMITY

FINANCIAL STABILITY

SERVICE INNOVATION

SOCIAL RESPONSIBILITY

SERVICING EXPERTISE

INTEGRATED SOLUTIONS

BUSINESS AGILITY

A GROWING INTERNATIONAL GROUP

NETHERLANDS

BELGIUM

LUXEMBOURG

GERMANY

UK

IRELAND

ITALY

HONG KONG

CANADA

SWITZERLAND

USA

FRANCE

3,330 STAFF MEMBERS 12 COUNTRIES MORE THAN 80 MARKETS COVERED

$ 2.7 tr

CACEIS IS A EUROPEAN LEADER IN ASSET SERVICING AND ONE OF THE MAJOR PLAYERS WORLDWIDE

IN ASSETS UNDER CUSTODY

IN ASSETS UNDER ADMINISTRATION $ 1.7 tr

$ 1 tr

IN ASSETS UNDER DEPOSITARY/TRUSTEE

GROWTH IN CLIENT ASSETS

Figures and EUR/USD exchange rate as of December 31, 2016

ASSETS UNDER CUSTODY ($bn)

2014 2,482

2015 2,456

2016 2,658

2012 2,635

2013 2,372

ASSETS UNDER DEPOSITARY ($bn)

868

928

2016 1,016

2013 801

2012 780

2014

2015

ASSETS UNDER ADMINISTRATION ($bn)

2014 1,486

2015 1,560

2016 1,658

2012 1,318

2013 1,381

ASSET SERVICING SOLUTIONS TAILORED TO EACH CLIENT’S NEEDS

SOLUTIO

TO HELP

MIDDLE-OFFICE SERVICES Flexible outsourcing packages create a single access point for trades , orders and instructions, and by capturing and routing data, we can provide centralised information in real-time from any third-party. We provide comprehensive position keeping and global reporting on client’s entire portfolio. Our range of additional value-added services includes independent valuation and collateral management of OTC derivatives as well as share class hedging. ASSET ADMINISTRATION & ACCOUNTING We administer all types of assets in many structures across multiple jurisdictions, providing accounting , valuation and NAV calculation services, and generating financial and tax reports. Our comprehensive offer allows us to assist clients in producing regulatory reports . It incorporates the most up-to- date requirements related to local and international regulations. Performance and risk are central components of our offering, with performance attribution and contribution analysis as well as VaR calculation. Customised reports can be generated according to client requirements, enabling reports to be tailored for in-house management, investors or regulators.

CORE SOLUTIONS

MARKET ACCESS We provide direct access to all financial markets: stocks, derivatives, bonds, Forex, repos and loans. Our execution department is fully integrated into the global custody, administration and depositary offering. Our Execution-to-Custody model ensures greater operational efficiency by automatically integrating transactions into the post-trade processing chain: clearing, settlement, valuation and custody. We offer a single entry point for cash equity as well as listed and OTC derivatives clearing services across global markets. It combines robust collateral management and customised risk reporting solutions with real time risk monitoring. Our full range of execution and clearing services for the agricultural commodity futures is aimed at players in the agroindustrial sector for their hedging operations. We also develop effective securities lending programs, and carry out Forex operations for financing or hedging purposes.

S DESIGNED YOU SUCCEED

CUSTODY & CASH SERVICES Our global and local custody services offer a comprehensive range of payment , Forex , and liquidity management solutions, in a highly secure, controlled environment designed to ensure protection of your assets. We also provide “custody mirroring” services for assets held with other providers, giving you a consolidated view of your holdings. Operations are processed on a centralised platform, providing a single point of access to our services, no matter your location. These services are highly flexible, which ensures that our solutions meet your individual requirements as you evolve. High levels of asset security are achieved by closely monitoring our sub-custody network and adhering to a rigorous operational risk management system. Finally, we offer secure communication solutions, as well as diverse sources of market information and multichannel reporting solutions, all of which are available through our OLIS portal.

services to assist funds in carrying out their duties in terms of legal requirements and administrative tasks. Our depositary services monitor the compliance of fund decisions, warn of and manage investment restriction breaches and issue compliance reports for a wide range of funds domiciled in the main European jurisdictions. We provide multi-instrument global position-keeping, whether the assets are held by CACEIS or by a third-party. Leveraging our unrivalled experience, our legal experts assist in developing an optimum company or distribution network. Our transfer agent and centralising agent services improve local distribution , while foreign fund registration, order placement and network tracking, together with trailer fee management solutions, facilitate international fund distribution. The Registre Nominatif International (RNI–International Register), which is based on the principle of registering unitholders, structuring or restructuring strategy for an investment product, asset management

consistent processing across all portfolio structures with extensive functional and instrumental coverage, ranging from transferable securities to physical real estate assets. It ensures quality and consistency of data and fulfils multiple reporting requirements. In line with Solvency II requirements, we generate Tripartite files with high quality data. We integrate inventories from different fund administrators and provide portfolio look-through and data enrichment capabilities. Our risk experts calculate the SCR of mutual funds and mandates. Our TEEPI collaborative platform simplifies and enhances Tripartite file exchange between

investment management companies and financial

institutions in compliance with relevant regulatory requirements.

BANKS & BROKERS

We offer a wide range of dedicated services ranging from cash equity clearing together with broad market coverage (connections with major European stock exchanges and clearing houses) to full outsourcing of back-office services , available in a white labelling mode and capable of meeting requirements in terms of volume and processing speed.

facilitates the distribution of French funds internationaly.

TAILORED SOLUTIONS

INSTITUTIONAL INVESTORS We provide a comprehensive range of services to institutional clients. Our single European accounting platform ensures

ASSET MANAGERS & FUNDS In Luxembourg and Switzerland, we offer Management Company

CACEIS ASSISTS CLIENTS WORLDWIDE WITH POST-TRADE ACTIVITIES

MARKET ACCESS

MIDDLE-OFFICE SERVICES

ASSET ADMINISTRATION & ACCOUNTING

CORE SOLUTIONS FOR ALL CLIENT SEGMENTS

CUSTODY & CASH SERVICES

COMBINED WITH

TAILORED SOLUTIONS FOR EACH SPECIFIC CLIENT SEGMENT

ASSET MANAGERS & FUNDS

INSTITUTIONAL INVESTORS

DIGITAL SERVICES

BANKS & BROKERS

PRIVATE EQUITY, REAL ESTATE, SECURITISATION

CORPORATES

 DIGITAL SERVICES

CORPORATES From launching ESOP plans to executing corporate actions and acting as the agent for international debt issues, we monitor, manage and report on all aspects regarding registered shareholders and general meetings . We centralise securities management services for fixed income products . Our solutions are adapted for the administration of Employee Share Ownership Plans , from the centralisation of employee offers to the management of free equity and stock option plans. services on the primary and secondary market and offer

CACEIS offers a comprehensive range of digital services. The OLIS portal provides real-time access to all functionalities, such as placing instructions and viewing reports. OLIS Mobile is OLIS’s mobile suite. It allows clients to access their information wherever they are and consists of two specific applications. ‘F unds ’ is designed for asset managers, and ‘S hares ’ is designed for registered shareholders. Our Data Analytics Services offer enables management companies to analyse investor behaviour based on collected inflow data. These results are key indicators, which permit the optimisation of fund launches and business development strategy.

PRIVATE EQUITY, REAL ESTATE, SECURITISATION We leverage our expertise in the alternative space with our market-leading software platforms to service a broad range of alternative investment strategies, instruments and sectors for boutique and institutional clients. We can assist in terms of the management both of the assets and the liabilities of the fund with a modular offer covering depositary banking , fund administration , financial controlling and fund financing .

ONE EXCLUSIVE FOCUS: ASSET SERVICING CACEIS devotes all its resources to asset servicing in order to provide optimal solutions for demanding clients seeking an expert partner that is both innovative and financially solid. We allocate our capital to ensure client assets are fully protected. We focus investments on hiring and retaining experienced staff as well as on the IT tools they need to provide high service levels to clients. We offer clients a rigorous compliance system that promotes the stable and sustainable development of their business activities.

100  1 0% CRÉDIT AGRICOLE GROUP (via Crédit Agricole S.A.) SHAREHOLDER

EXECUTIVE COMMITTEE

Jean-François Abadie • Chief Executive Officer Catherine Duvaud• Deputy CEO, Steering and Control Joseph Saliba • Deputy CEO, Business Development, Products, Operations and IT Systems Fabien Azavant • IT Systems David Baert • Operations Philippe Bourgues • Luxembourg Denis Chaley • Organisation Pierre Cimino • International Development Thies Clemenz • Germany Eric Derobert • Communications & Public Affairs Jérôme Discours • Permanent Controls Laurent Durdilly • Private Equity, Real Estate, Securitisation Carine Echelard • France Jean-Luc Eymery • Commercial Support Guillaume Fromont • Senior Advisor, Network, Issuer Services Emeric Laforêt • Advisor to General Management, North America Fabien Marbat-Milan • Internal Audit Emmanuelle Marteau Fernandez • Human Resources Arnaud Misset • Products Hubert Montcoudiol • Prime Fund Solutions Delphine Quisefit • Risk François Reboul • Treasury Gladys Teale-Moulines • Compliance Jean-Pierre Valentini • Finance and Administration

CACEIS is backed by one of Europe’s largest retail banking groups, which give us the means to define the most effective strategy to support our clients.

AN ORGANISATIONAL STRUCTURE DESIGNED TO SUPPORT YOUR GROWTH PLANS

In order to support clients’ growth plans to their best interests, CACEIS has designed its service model through the centralisation of high value services in dedicated centres of excellence combined with a single platform by activity and common processes performed in mutualised operating centres. It ensures clients have access to expert operational support and services across its global network. Each geographic zone has a dedicated team of sales persons and operational experts who seek to develop a close business relationship with their clients and have a full understanding of all local market issues. CACEIS enjoys a reputation based on the values of its organisational model: innovation, rigor and stability.​ The Group provides consistent, reliable services to all clients, regardless of their geographical location, operating with a follow-the-sun workflow to ensure 24-hour coverage. THE POWER TO INNOVATE CACEIS invests heavily in its information systems, constantly developing innovative solutions adapted to each client. Management Companies now benefit from our new Data Analytics services and our WebInvestor platform which allow investors to benefit from an online view over their holdings, past and pending transactions and AML/KYC status. Furthermore, our TEEPI file exchange platform offers key Solvency-related solutions for institutional investors. CACEIS has also broadened its service range with a securities class action offer and SFTR compliant reports. For corporate clients, we offer a set of issuer services and market access solutions designed to suit their needs, and clients operating in the agro-industrial sector now have access to execution and clearing solutions for commodity futures. Finally, in March 2017, CACEIS’s creativity was recognised for the development of the OLIS Funds mobile app, named “best innovation of the year”, which provides real time views on inflows as well as NAV monitoring/validation. A SOCIALLY RESPONSIBLE PARTNER CACEIS is participant to Crédit Agricole Group’s Corporate Social Responsibility (CSR) initiative through which it has adhered to the ten principles of the UN Global Compact. We establish transparent client relationships in compliance with ethical standards in place, and offer solutions tailored to their needs. It pursues a responsible and innovative social policy that is respectful of employment and concerned with professional development and diversity. It is committed to reducing any negative impacts it may have on the environment while seeking to enhance positive aspects. In 2017, CACEIS was again awarded a Gold rating from the French CSR rating platform EcoVadis, and today ranks among the top 1% of companies. This evaluation is the result of an analysis of CACEIS’s environmental, social, ethical and purchasing policy, actions and results as well as its CSR management.

2016 KEY FINANCIALS

CACEIS has a solid financial structure with a structural liquidity surplus and efficient management of scarce resources that allow solvency and liquidity ratios confortably above regulatory requirements. 2016 results are up despite an unfavourable interest rate environment. The Group continues to expand its range of services, while maintaining strict control over operating expenses. A BALANCED BUSINESS MODEL Investment in new services and the enlargement of our presence in Europe have made it possible to consolidate revenues. The new European entities are expanding, as is the product range, and our client base is growing and diversifying. A well-diversified business model, strict control over costs and resources have bolstered CACEIS’s profitability in 2016.

21%

37%

11%

3%

790 $790m Net Banking Income

28%

Net Banking Income - Breakdown of revenues

DEPOSITARY/TRUSTEE - CUSTODY FUND SERVICES ISSUERS DERIVATIVES - FOREIGN EXCHANGE - SECURITIES LENDING CASH

79  125 $125m 79% Net Income – Group share Cost-to-income ratio

OPERATIONAL EFFICIENCY

The cost-to-income ratio of 79% in 2016 ranks among the best in the asset servicing industry.

PROFITABILITY

CACEIS profitability was confirmed in 2016 with a Net Income of $125 million.

SOLVENCY IN EXCESS OF REGULATORY REQUIREMENTS (BASEL III PHASE-IN)

Prudential shareholder equity Tier 1: $1,506m Tier 1 + Tier 2: $1,763m

Solvency Ratios Tier 1: 13.35% Tier 1 + Tier 2: 15.63%

STANDARD & POOR’S: A/A-1

GLOBAL SALES COVERAGE

BUILDING CLOSE RELATIONSHIPS AND STRONGER PARTNERSHIPS

CACEIS’s front office teams have the experience to understand the commercial strategy and cater to the complex needs of a global clientele. Our sales force covers all markets. With a dedicated primary sales contact coordinating and overseeing the quality of service provision across all markets in which you operate, we seek to develop a close working relationship with every one of our clients.

CONTACTS

Philippe Bens : Swiss clients France Colas : Nordic, Benelux & Eastern European clients Neil Coxhead : UK & Irish clients Elena Giordano : Italian, Southern European & Latin American clients Pete Ion : US clients David Li : Asian clients Hubert Montcoudiol : French clients Holger Sepp : German & Austrian clients Pascale Tilloles : MENA clients

www.caceis.com

LOCAL OFFICES

BELGIUM Avenue du Port/Havenlaan Site de Tour et Taxis 86C Bte 320

ITALY Piazza Cavour, 2 I-20121 Milano +39 02 721 74 411

B-1000 Bruxelles +32 2 209 26 00

LUXEMBOURG 5, allée Scheffer L-2520 Luxembourg +352 47 67 9 NETHERLANDS Gustav Mahlerlaan 310 1082 ME Amsterdam +31 20 530 83 00 UNITED KINGDOM Broadwalk House 5, Appold Street London EC2A 2DA +44 20 7858 0860

CANADA 1 Robert Speck Parkway, Suite 1400 Mississauga, Ontario L4Z 3M3 +1 905 281 0001

FRANCE Bank & Fund Administration

1-3, place Valhubert 75206 Paris Cedex 13 +33 1 57 78 00 00 Issuer Services 14, rue Rouget de Lisle 92862 Issy-les-Moulineaux Cedex 9 +33 1 57 78 00 00

USA 1301 Avenue of the Americas New York, NY 10019 +1 212 403 9500

GERMANY Munich Lilienthalallee 36 D-80939 München +49 89 5400 00 Frankfurt Taunusanlage 14 D-60325 Frankfurt +49 89 5400 00

SWITZERLAND Nyon Route de Signy 35 CH-1260 Nyon 2 +41 58 261 9400 Zurich Uraniastrasse 28 CH-8001 Zürich +41 44 360 390

HONG KONG 29th Floor, Two Pacific Place, 88 Queensway, Hong Kong +852 3742 3110

IRELAND One Custom House Plaza International Financial Services Centre Dublin 1 +353 1 672 16 00

Design and Production: CACEIS Communications division Graphic Design: LES BARBUS Print: Imprimerie du Marais FSC Certified

© June 2017 CACEIS All Rights Reserved. This corporate brochure is intended for informational purposes only and in no way constitutes a contractually binding service offer, recommendations or advice. CACEIS is incorporated as a “Société Anonyme” (limited company) with a share capital of €654,000,000, has its registered office at 1-3, place Valhubert -75013 Paris – France, and is registered with the Paris trade and company register under number 437580160.

S O L I D & I N N O VAT I V E

WWW.CACEIS.COM