Warden Baker Corporate Presentation -...

Corporate Presentation

Executive Summary

About Us

• Meet The Team

• Investment Management & Banking

• How Do We Do It?

• Our Mission & Values

• Our Intermediaries

• Know Your Customer

Appendix

Executive Summary

EXECUTIVE SUMMARY

Warden Baker is an independently owned, fiercely competitive investment management firm offering sophisticatedand bespoke wealth management services. At Warden Baker, our mission is to provide our clients with the best pathto wealth accumulation, retention, and transfer of assets by creating and implementing strategies that are tailored totheir unique goals.

We serve international entrepreneurs, ultra high net-worth private clients, institutional investors, fund of funds, international corporations, and high net-worth family offices.

We offer discretionary and non-discretionary wealth management services, and corporate finance assistance –helping our clients quantify what they have; calculate what they need; chart the course between the two, and ensure that they stay on path.• Warden Baker is truly a fee-only wealth advisor—we only charge a fee for the services we provide, with no

hidden costs or expenses.• We offer complete objectivity because we have no affiliations or financial arrangements with third parties that

might distort our objectivity or present conflicts of interest.• As we do not receive compensation from other sources, our sole commitment is to serve your best interests at

a fair price.

Our investment process involves studying the global economy through careful planning and research; identifying long-term secular trends by looking beyond conventions and inherent limitations; and investing across geographies, sectors, opportunities, and asset classes.

We strive to create a perfect diversified structural vehicle, where our in-house knowledge and network experience is underpinned by a commitment towards client confidentiality, complete transparency, asset protection, absolute control of financial affairs, and access to all markets – both listed and unlisted.

We consider ourselves as our client’s financial advocate, striving to organize and simplify life in such a way that maximizes the family’s enjoyment of their wealth now and in the future.

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About Us: Meet The Team

ABOUT USMeet The Team

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Stelios Kiliaris

Mr. Stelios Kiliaris, a Chartered Accountant by qualification has over 27 years of experience in international taxation, accounting, legal and investment advisory services focusing on emerging markets. From 1986 to 1992, he worked with KPMG focusing on taxation. In 1992, he left KPMG to set up his own business, focusing on international tax planning, accounting, auditing and legal advice. In 1994, his business was merged into a partnership with AntonisPartellas named Partellas and Kiliaris. In 2004, the partnership was registered as a company, Alliott Partellas KiliarisLtd., of which he is a director. The company is licensed by the Institute of Certified Public Accountants in Cyprus to act as a licensed auditor.

Mr. Kiliaris has been a member of the Association of Chartered Certified Accountants in UK since July, 1990. He has been licensed by Cyprus Stock Exchange to act as a broker since 1999 and he has been licensed by the Cyprus Securities and Exchange Commission to carry on, amongst other things, portfolio management and investment advisory business since 2005.

Mr. Kiliaris has since May 2008 also been a director of Prochoice Chrimatistiaki Ltd. which is a member of the Cyprus Stock Exchange and the Athens Stock Exchange.


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Praveen Challa

Praveen Challa is a finance professional with over 20 years of post-qualification experience in Financial Services, Asset Management, Capital markets and Corporates. He has functional experience in Investor Relations, M&A, Strategy, Business Planning, Budget, International taxation, Regulations, Treasury, Investment management and MIS reviews.

A Chartered Accountant (from India) by qualification, he has worked in a senior position with Global Group (India’s leading network engineering and infrastructure group), Reliance Capital (One of India’s largest non-banking financial services company), Benchmark Asset Management Company and Niche group of companies.

During his career, he established the office of Investor Relations at Reliance Capital and UK office of Global Holding Corporation. He was a lead member for driving key initiatives like strategic transactions across various lines of businesses at Reliance Capital and Global Group. He has vast experience in due diligences & management negotiations, setting up operations and complying with regulatory requirements.

He also has experience in advisory & consultancy services such as industry research & analysis, preparation of project reports, corporate disclosure practices, introduction & implementation of corporate governance and other areas. He was part of the Founding team of Benchmark Mutual Fund, India’s first fund house to focus on passive and quantitative investments (subsequently acquired by Goldman Sachs). He was the project leader for the initial IPOs of Benchmark Mutual Fund. Also has experience of capital markets – managing broking operations – dealing, client management, risk management, legal compliance and finance.


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Roshan Nathoo

Roshan Nathoo has been working in the financial services industry in Mauritius for more than 20 years. Roshan is the Managing Director of Globefin Management Services. He was the Managing Director of Standard Bank Trust (Mauritius) for 4 years from 2002 to 2006. During that time, he contributed to making Mauritius a hub for the Standard Bank Group for businesses from South Africa, Sub-Sahara Africa Region as well as from the Middle East. The Standard Bank Trust Mauritius business doubled in size over the last three years of his tenure.

Roshan was Chief Operating Officer of the Standard Bank Group in Mauritius (which comprised both Banking operations as well as Corporate and Fiduciary Services operations) from 2006 to 2008 with specific responsibility for Banking Operations, IT, Treasury Back Office and Trade Services.

Roshan was formerly a Senior Manager at the representative of Arthur Andersen in Mauritius where he worked for 8 years from 1994 to 2002 in the Offshore Business Department. He was responsible for a portfolio of clients with primary interests in the Emerging Markets of India, China, South East Asia and South Africa.

Roshan is a Fellow of the Association of Chartered Certified Accountants (UK), a member of the Chartered Institute of Management Accountants (UK) and a member of the Society of Trust and Estate Practitioners (UK).


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Manesha Ragoobeer

Manesha Ragoobeer started her career at the representative of Arthur Andersen in Mauritius. She worked for that organization from 2000 to 2005 and during that period she and the team reporting to her, were responsible for the administration and preparation of accounts for a portfolio of clients involved in the Global Business sector in Mauritius. For 3 years subsequently, Manesha was a team leader at Standard Bank Trust in Mauritius within the outsourced business section. In that capacity she was responsible for all the bookkeeping and accounting of all Jersey (Channel Islands) based clients of the Standard Bank Offshore Trust Group. During that period, Manesha was also seconded to the Funds Department of the Standard Bank Group in Jersey where she was responsible for the bookkeeping and preparation of accounts for several client groups of Standard Bank. She also undertook Funds Administration and Accounting roles in Mauritius.Manesha is a Fellow of the Association of Chartered Certified Accountants (UK).

About Us:INVESTMENT MANAGEMENT & BANKING

ABOUT US

Ultra HNI Institutional

Investors Fund of Funds International

Corporations Family Offices

WE SERVE

A core team of ex-bankers

Equity traders Legal and tax

experts with more than 75 years industry experience

WE EMPLOY

Leading Law Firms Accountancy

Firms Fiduciary

Intermediaries International

Private Banks

WE WORK WITH

Sophisticated& bespoke wealth management services

WE PROVIDE

An independentlyowned

Fiercely competent investment management firm

WE ARE

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Investment Management & Banking

Introduction

WARDEN BAKER

In partnering with our clients to add value to investment management and financial decision making

That transparency in all financial matters is the key to successfully empowering our clients

That education, both learning and teaching are the seeds that let our relationship prosper

Independence and freedomfrom conflicts of interest

The integrity of our research and analysis

After-tax performance as the true measure of results

Of conventional wisdom and choose to focus on those elements of wealth management that are truly controllable

ABOUT USInvestment Management & Banking

Introduction

WE BELIEVEWE ARE

PASSIONATE ABOUT WE ARE SKEPTICAL

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We Offer the Following Professional Wealth Management Services to Clients

Wealth Management Planning and Goal Specifications

Client Risk Assessment Profiling

Periodic Reviews of Wealth Management Objectives and

Personal Circumstances

Scenario Testing

Solutions for Concentrated Investment Positions or Client

Wealth Concentrations

Investment Management Across Diverse Tax Locations and Risk-Return Objectives

Retirement Funding, Estate and Distribution Planning

Reporting by Client-Directed Account Groupings

Insurance Requirements

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Investment Banking Services

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ABOUT US

Our management team and our advisors hold equity stakes in Warden Baker, so their long-term success is aligned with that of the company

Our capital partners have no involvement with our product selection or research, eliminating conflicts of interest

Investment Management & Banking

What Sets Us Apart

Our compensation is fee-based and does not hinge on the selection of specific asset classes

We do not manufacture or utilize any proprietary funds and we strive to avoid conflicts of interest

Warden Baker is fully capitalized. We have the commitment and resources to build our business despite challenging markets

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About Us: What Do We Do?

ABOUT USWhat Do We Do?

WE SERVE

International Entrepreneurs

Ultra HNI Clients

Family Offices

Institutional & Corporate Clients

WE PROVIDE

Discretionary AssetManagement Services

Non-Discretionary AssetManagement Services

Corporate Finance Assistance

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Warden Baker Delivers Customized Wealth Management Solutions to Financially

Successful Families and Individuals

We help our Clients Quantify what they have; Calculate what they need; Chart

the course between the Two andEnsure that they stay on path


Our Approach – Serving Only Your Best Interests

Warden Baker is truly a fee-only wealth advisor—we only charge a fee for the services we provide, with no hidden costs or expenses

We offer complete objectivity because we have no affiliations or financial arrangements with third parties that might distort our objectivity or present conflicts of interest

As we do not receive compensation from other sources, our sole commitment is to serve your best interests at a fair price

In Other Words, We Sit on the Same Side of the Table as our Clients

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Establish a Plan

Define currentstatus

Clarify objectives

Incorporate InsuranceAlternatives

Complete review of life, disability, property and liability insurance

Recommendationsthat complement financial objectives

Develop an Investment Strategy

Establish investment policies

Devise AssetAllocation Strategies

Develop an Investment PolicyStatement

Select investment managers

Monitor andrebalance the portfolio

Evaluate estateplanning and business transition planning strategies

Wealth accumulation, preservation, and distribution strategies

Integrate withtax strategies

Devise Tax Strategies

Cutting-edge incometax and estateplanning

Plan for tax and regulatory compliance requirements

Evaluate Trust Serviceand Needs

Preserve and Protect Your Wealth

Bequeath to Future Generations


Our Approach – How We Can Help

Warden Baker can Help You with a Long-term Financial Plan Incorporating a Prudent Combination ofStrategies

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Discretionary Wealth Management – “I’d like an expert to manage my wealth for me”

We at Warden Baker understand that wealthy private investors face a myriad of issues when it comes to managing their individual affairs

Even with a significant amount of knowledge and experience managing financial affairs can be a complicated, lengthy and laborious process

Our investment managers engage in developing the strategy that’s just right for you

Having agreed the strategy you want to follow, you delegate the day-to-day investment decisions relating to your portfolio to us

We Aim to Work With you and your Existing Advisers to Meet Your Specific Objectives

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Discretionary Wealth Management – Expertise Customized to Your Risk/Return Profile

Advantages

Ideal for those who don’t have the time or resources to commit to researching and monitoring the global financialmarkets

Before recommending an investment strategy, we work on understanding your circumstances, investment goals and risk profile

We bring together specialists from both banking and investment perspectives. Our innovative ideas draw on the expertise of some of the world’s leading investment managers

If your circumstances or market conditions change, we’ll make sure that your investment strategy does too

Our all-round approach alleviates the stress that comes with having to coordinate multiple service providers

Our Objective is to Achieve the Optimum Level of Estimated Return for Whatever Level of Downside Risk is Acceptable to You

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Discretionary Wealth Management – In Detail

As your impartial adviser, we could manage your portfolio using either –

• Our own in-house funds in our core areas of specialization (pan-European equities and credit) with a selection of the most suitable third party managers in other investment areas, or

• A completely independent third party fund selection process

You will be looked after by a Warden Baker private client portfolio manager and, where applicable, a financial planner

• Our strategy team determines the general recommendations for asset allocation and your portfolio manager adopts the house view and designs an appropriate asset allocation to suit your specific requirements

• We will then actively monitor and rebalance the asset allocation to reflect our views on short-term opportunities in financial markets

You will be kept up to date on the status of your investments through regular performance updates, valuation reports, and ongoing contact with your investment management team

Our Discretionary Service allows you to Hand Over the Day-to-Day Management of your Investment Portfolio to your Investment Manager

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Non-Discretionary Wealth Management – “I manage my portfolio, but I value support & advice”

A customized service for those with an active interest in financial markets

A strategy that puts you at its heart – benefit from our expertise while exercising more control

You have the final say in all decisions relating to your investment, but we’ll work closely with you to help formulate your ideal strategy, advise on your decisions and consult on any changes to your portfolio

We also offer consulting services for individuals and family offices wishing to evaluate their current financial results when compared to their objectives

By adopting a Non-Discretionary approach, you become part of the Investment Management Team

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Non-Discretionary Wealth Management – The Best of Both Worlds

Advantages

Ideal for those who don’t have the time or resources to commit to researching and monitoring the global financialmarkets

Access to products and services that are normally only available to larger, institutional investors

• We offer pooled investment vehicles that give qualified investors access to a diversified mix of top-tieralternative investment managers, in areas such as private equity partnerships, private real estate partnerships,hedge funds and natural resources

As part of our service, you’ll also benefit from –

• Comprehensive Portfolio Monitoring

• Regular Valuations and Performance Updates

• Access to Market News and Information

Warden Baker is Expansive Enough to offer a Full Range of Services and Access to Global Investment Opportunities as Well as World-class Independent Research

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Non-Discretionary Wealth Management – Family Office Services Group

We provide successful families and individuals the advantages and synergies of a single-family office

Our size also affords us extraordinary access to top-tier money managers in areas such as private equity, real estate and hedge funds that go well beyond the traditional asset classes

• At the same time, we remain small enough to be privately held and to offer you highly customized, independent advice

We Cover an Entire Array of Services, Including Financial and Estate Planning, Assistance with Insurance, Taxes, Real-estate Holdings, Credit Solutions and Philanthropy

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Corporate Finance

We provide independent financial advice to corporates and institutional investors seeking to buy or sell businesses; raise new finance or improve the efficiency of the funding on their balance sheets

• We are independent of the source of finance and so we differentiate ourselves through intellectual not financial capital

• Senior and experienced corporate finance professionals lead all mandates

The Corporate Finance group works with companies and their sponsors throughout the credit spectrum, from investment grade to those with stressed balance sheets –

• We are well-equipped to render both sell side and buy side corporate finance services – in any sector globally– as long as it involves the creation of value

We have access across the full range of debt markets including banking, capital markets, asset-based lending,securitization and project debt

We Have a Deep Understanding of the Creditor Market, Especially in StressedSituations

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About Us: How Do We Do It?

ABOUT USHow Do We Do It?

At Warden Baker, we strive to create a Perfect Diversified Structural Vehicle by following a proveninvestment process by focusing on:

Client’s situation, needs, necessities, and requirements1

Understanding risk. All decisions are taken to pursue real returns and true potential of investment opportunities3

Diligent research and planning2

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ABOUT US

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PERFECT DIVERSIFIED STRUCTURAL

VEHICLE

How Do We Do It?

1. Perfect Diversified Structural Vehicle

WARDEN BAKER

NETWORKEXPERIENCE

INHOUSEKNOWLEDGE

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2. Investment Process

HO

WIT

WO

RK

S?

Invest across

Identify long-term secular trends

Study global economy

Geographies

Sectors

Opportunities

Asset classes

WH

YIT

WO

RK

S?

Capitalize on trends &CREATE PORTFOLIOS

Careful planning & research

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Look beyondconventions& inherent limitations


3. Fixed Income Strategies

Fixed income portfolios balance volatility in equity assets and provide cash flows to meet income needs

PRESERVES CAPITAL

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OUTPACES INFLATION

CUSTOMIZE PORTFOLIOS ACCORDING TO CLIENT’S

Liquidityneeds Income needs Tax situation Time horizons

UTILIZES DIVERSE BROKERS TO

ACHIEVE BEST TRADE

EXECUTION & TRANSPARENCY

WIDE SELECTION ACROSS

Asset classes Industry sectors Geography High quality

municipal and taxable fixed income instruments

Durations (Short/ Intermediate / Long)

ABOUT US

Risk is not a number, it is a concept; and it can’t be effectively “managed” without limiting the potential in an investment portfolio

How Do We Do It?

4. Understanding Risk

Modern portfolio theory seeks to minimize risk through over-diversification. It looks backwards at volatility, and manages assets to an acceptable benchmark. And too often, the results are unimpressive

We at Warden Baker understand the market volatility and account for it in our decision making rather than react to the perception of risk. We have a different attitude about risk—and we take a different approach from most money managers

Warden Baker’s portfolio managers have extensive experience in both bull and bear markets

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About Us: Our Mission & Values

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ABOUT USOur Mission & Values

Our business may be about wealth management, but our success is all about exceptional customer service

IntegrityWe understand that integrity is

fundamental to our organization. Our business and reputation are

built on acting in the best interests of our clients, our

employees, our advisors andour supportvendors

ResourcefulnessWe collectively use ourexpertise, experience, judgment, creativity and ingenuity to solve problems and meet challenges in order to

help our clientsgrow

OwnershipWe understand that to best serve our clients, we must be reliable,

be dependable and take ownership of our role in creating a mutually successfulpartnership

VersatilityWe understand that we must be able and willing to adjust to any

situation in support of ourclient’s needs, both as a firm and as

individuals

EducationWe believe in being a knowledge

leader amongst wealth management firms. We are

committed to providing a learning environment for ouremployees

RelationshipsBuilding strong relationships is

important to us. We value teamwork and enjoy partnering with people who are passionate

and enthusiastic about theirwork

TeamworkWe understand that cooperation

applies to all levels of our company and across all

departments. We value those who listen, show interest and

seek mutual collaboration

InitiativeWe cultivate those who have the courage to create, makedecisions

and act on their informed intuition to adapt their business practices without fear of failure.We value ingenuity and inspired

thinking

To deliver absolute-return oriented strategies through client-driven policy formation and customized, dynamic portfolio allocations that seek to attenuate downside risk

Our Mission

About Us: Our Intermediaries

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Global Banking Partners

Global Fund Auditors

Deloitte LLP

Barclays Bank PLC The Hong Kong and Shanghai Banking

Corporation

Standard Chartered Bank

Citi Bank

Deutsche Bank Credit Suisse Bank AfrAsia Bank Bank Julius Baer

Global CustodianPartners

Citi Bank Deutsche Bank Bank of Butterfield Bank Julius Baer

Fund NAV’sGenerated On

Advent Geneva Software Platform

ABOUT USOur Intermediaries

About Us: Know Your Customer

ABOUT USKnow Your Customer

Warden Baker through our fund administrators and international auditors carries out robust, riskbased KYC procedures along the following two objectives:

The need to obtain sufficient information about our client’s risk appetite, investmentpreferences and time horizons. The first strand is aimed at serving our client so as toprovide a suitable and appropriate service

1

The second objective is driven by anti money laundering considerations, focusing on identification and verification of our client and their expected transaction profile so that any suspicious activity can be recognized

This may not always serve a client’s interests but is instead about reducing the firm’s risks and thereby adhering to international financial services regulations

2

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ABOUT US

Addresses the Concept

of Customer Due

Diligence

Includes Enhanced and

Simplified Diligence

Takes into Account

Jurisdictional Risk, High,

Medium and Low Risk

Territories, Politically

Exposed Persons,

Sanctions and Relevant

Conduct of Business

Rules

Covers Private

Individuals, Private

Corporations, Public

Corporations,

Partnerships, Regulated

Entities, Trusts and

Foundations, Clubs and

Societies, Charities,

Schools, Colleges and

Universities,

Governmental Entities

and Public Sector Bodies

by Having Separate

Modules

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Know Your Customer

Salient Features about Warden Baker’s KYC procedures:

Based on the joint money laundering steering group’s guidance notes

Appendix

APPENDIX

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Know Your Customer

Why is KYC important?

KYC policies are essential to any financial institution. Knowing who you are doing business with can prevent a bank from inadvertentlyfacilitating money laundering. An inadequate or nonexistent Know Your Customer system can result in the firm, as well as individualemployees, being subject to civil and/or criminal penalties.

“Customer” refers to any person or entity that opens or maintains an account, as well as beneficial owners, beneficiaries of transactionsperformed by intermediaries, and entities or persons connected with high-risk financial transactions.

While it has always been important for financial institutions to be aware of whom they are doing business with, the USA Patriot Act madesuch due diligence even more paramount. Passed in October 2001, it required all financial service providers to establish Anti- MoneyLaundering programs in order to catch potential cases of terrorism financing.

Section 326 holds institutions accountable for their ongoing Know Your Customer screening and initial customer screening. Federalregulators require that financial institutions such as banks perform due diligence in verifying the identities of potential clients and keepdetailed records of the process used. In the case that your institution does accidentally fund terrorists, proof of ongoing due diligence canpotentially mitigate the degree of any civil or criminal charges levied against you.

One aspect of the KYC process is to verify that the customer is not listed as a known fraudster, terrorist or money launderer, e.g. by crosschecking with the Office of Foreign Assets Control (OFAC) Specially Designated Nationals list. This list contains thousands of entries and isupdated at least monthly. In addition to the above mentioned sanctions lists, there are lists of third party vendors that track links betweenpersons regarded as high-risk due to negative reports in the media or in public records. Beyond name matching, a key aspect of KYCcontrols is to monitor transactions of a customer against their recorded profile, the history of the customer’s account(s) and theirtransaction with peers in order to identify money laundering schemes. The KYC process is not solely focused on risk rating and controllingof transactions. Another important aspect is the customer identification process (CIP). To verify collected identification documents thirdparty vendors provide software to scan and check their authenticity.

Know Your Customer processes are also employed by regular companies of all sizes, for the purpose of ensuring their proposed agents,consultants or distributors anti-bribery compliance. Banks, insurers and export credit agencies are increasingly demanding that customersprovide detailed anti-corruption due diligence information, to verify their probity and integrity.

APPENDIXKnow Your Customer

What are the essential elements of a KYC solution?

Customer Acceptance Policy

Must be clear, with explicit criteria. Perform due diligence with background checks to ensure that customer/entity is using their real name and not involved in terrorism or other illegalactivities.

Customer Identification Procedures

Must be clearly outlined for and performed at every stage of the banking relationship: establishing an account, carrying out a transaction, resolving doubts about the authenticity of previously obtained identification, etc. Identify and verify all customers’ identities and purposes (using reliable, independent data, information, and/or source documents) to the bank’s satisfaction.

Monitoring of Transactions

Effective KYC procedures require continuous monitoring of your customer base and its normal behavior to reduce risk. High-risk accounts (classified based on country of origin, fund sources, etc.) or activities (such as complex or unusually large transactions and those with no visible lawful purposes) should undergo extra scrutiny. Banks can set thresholds for transaction amounts that warrant enhanced due diligence.

Risk Management

All banks and other financial institutions should establish internal audit and compliance functions to ensure adherence with Know Your Customer guidelines; this includes establishing a company-wide training program regarding policies and procedures. Responsibility for these functions should be explicitly outlined and allocated within the bank–taking into account segregation of duties, and management oversight is essential. Accounts should be subject to risk categorization, and banks may create risk profiles with accompanying procedures for each category.

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This document provides general information about Warden Baker. The information contained in this document is intended as an

introduction and does not constitute a request, an offer or a recommendation whatsoever to buy or sell any investment instruments or

to undertake any other transactions, nor does it represent an actual investment proposal or any kind of advice and is solely for

information. In various jurisdictions the distribution of this document may be restricted by law and persons into whose possession this

document comes should inform themselves, about and observe, any such restrictions. This document is not a complete presentation of

every material fact regarding the subject matters addressed in it and so far as permitted by law, all parties involved i.e. Warden Baker, its

promoters as well its affiliates, it shareholders, directors and/or employees do not accept any responsibility for the content. In particular

but without limitation, no representation or warranty is given as to the achievability or reasonableness of, and no reliance should be

placed on, any projections, targets, estimates or forecasts contained herein and nothing in this document is, or should be, relied on as a

promise or representation as to future performance.

By accepting a copy of this document, you acknowledge and agree to be bound by the foregoing.

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