European Fund Services - J.P. Morgan Home2 EUROPEAN FUND SERVICES J.P. Morgan is one of the largest administrators and custodians in the European cross-border fund services industry,

I N V E S T O R S E R V I C E S

European Fund ServicesDelivered Globally

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EUROPEAN FUND SERVICESAn Established Brand

J.P. Morgan is a leading global financial services firm with assets

of $2.4 trillion and operations worldwide. We have been helping

clients to do business for more than 200 years and provide a

complete range of solutions to help our clients achieve their goals.

By partnering with J.P. Morgan, a premier securities servicing

provider, our clients can access a comprehensive suite of products

that optimize efficiency, enhance revenues and mitigate risk. We

leverage the firm’s global scale, leading technology infrastructure

and extensive industry expertise to service investments around

the world. J.P. Morgan manages over $19 trillion in assets under

custody (AUC) and $7 trillion in assets under administration

(AUA) for a range of sophisticated institutional investors,

alternative asset managers, broker dealers and equity issuers.

These clients benefit from the full product breadth of the

Corporate & Investment Bank, which provides strategic advice,

raises capital, manages risk and extends liquidity in markets

around the world.

J.P. Morgan has been providing custodial services since 1857

and was the first commercial bank to enter the global custody

business. We introduced investment compliance in 1966,

performance measurement in 1977, and securities lending

and multicurrency accounting in 1979. It was a J.P. Morgan

professional who coined the term “global custody”, defining an

entire industry. Our custody client relationships date back more

than 50 years, demonstrating our long-term commitment to our

clients and to the securities servicing industry. We have been

servicing UCITS funds in the two key locations – Ireland and

Luxembourg – since the implementation of the UCITS directive.

Integrating capabilities to help our clients succeed today and prepare

for tomorrow

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EUROPEAN FUND SERVICES

J.P. Morgan is one of the largest administrators and custodians in the European cross-border fund services industry, reflecting the trust and value that our clients place in our products, solutions and capabilities. Centred in Ireland and Luxembourg, J.P. Morgan services cross-border assets in excess of $900 billion, in both UCITS and non-UCITS vehicles. Through our offices in Jersey and Guernsey, with full administration, trustee and custody licenses, we also service closed and open-ended Channel Islands domiciled funds with assets under management in excess of $30 billion.

Our continued success is built on our ability to offer clients market-leading solutions, access to our global operating model and choice – choice of domicile and service model. This enables clients to implement the appropriate products and fund structures they require to reach their target investor base.

We continue to invest in and develop our capabilities to meet evolving regulatory and investor demands. The ability to support clients’ adaptation to regulatory and governance requirements distinguishes our offering.

Advisor And Partner

By managing some of the most sophisticated operational models in the industry, we are at the forefront of local market understanding and insight.

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Chris Edge, Managing Director, Head of LuxembourgChris was appointed head of J.P. Morgan Bank Luxembourg in November 2011. Previously, Chris was head of product design across the global fund services range, with responsibility for transfer agency, fund administration and derivatives services in Europe and Asia. Chris has over 25 years of experience in the financial services industry and has held senior positions in finance, operations, product management, sales and relationship management, as well as strategic business development. Chris was a managing director of Chase Manhattan Bank Luxembourg (the predecessor to J.P. Morgan Bank Luxembourg) for six years in the 1990s.

+352 462 685050 [email protected]

Carin Bryans, Managing Director, Head of IrelandCarin is responsible for J.P. Morgan’s Investor Services business in Ireland, where we provide trustee, custody, fund accounting, transfer agency and hedge fund services to UCITS, non-UCITS and hedge funds. Carin has been with J.P. Morgan for 20 years and has held a number of positions including head of operations and head of client services. Carin holds her undergraduate degree in Finance and International Business from The University of Texas at Austin and an MBA from The Michael Smurfit Graduate School of Business in Dublin. Between 2010 and 2011, Carin was Chairman of the Irish Funds Industry Association and is also a founding member of Women in Banking and Finance in Ireland.


Ireland Custody and fund administration services since 1990

370 funds representing over $260 billion AUC and $260 billion AUA

Over 21% UCITS market share

Luxembourg Custody and fund administration services since 1988

820 funds representing over $700 billion AUC and $440 billion AUA

Over 20% UCITS market share

Channel Islands Custody and fund administration services since 1990

$12 billion AUC and $26 billion AUA

European Presence

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Jenny Swan, Executive Director, Head of Channel IslandsJenny is responsible for J.P. Morgan’s offices in the Channel Islands, where we provide trustee, custody, fund accounting, transfer agency and corporate management services to Jersey and Guernsey domiciled fund structures. Jenny has over 20 years of experience in offshore financial services and has held senior positions within J.P. Morgan’s Investment Bank. Jenny is MBA educated, holds qualifications in Company Directorship and also serves on the executive committee of the Jersey Funds Association.


Patrick O’Brien, Executive Director, European Fund Services Business DevelopmentPatrick is responsible for profiling and developing the offshore markets in Europe. His experience and background has covered multiple responsibilities including client services, sales, operations and product management. He joined J.P. Morgan in 2008 as product manager for the transfer agency business in Europe before moving to his current role. Patrick previously worked as head of shareholder services and distribution for GAM Fund Management Ltd, where his responsibilities covered a diverse fund range including multi-manager hedge funds, UK OEICS and UCITS. MBA qualified, Patrick also holds the UK Investment Management Certificate.


Stefan Corthouts, Executive Director, European Fund Services Business DevelopmentStefan rejoined J.P. Morgan in 2010 and is responsible for profiling and developing the offshore markets in Europe and Asia. With over 20 years of experience in the securities services business, he helps institutional clients find innovative solutions to business requirements. Prior to rejoining J.P. Morgan in 2010, Stefan held roles in various European locations at Citigroup, J.P. Morgan and State Street across a number of products in global business development roles. Stefan holds a Masters degree in Economics and Business Finance.


Meet The Team

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Market-Leading And Innovative Solutions

EXPERIENCE

Governance considerations

Distribution

considerations

J. P. MORGAN SOLUTIONS

CONTROLSTRATEGY

Complementary Services

OTC Derivatives Solutions

Risk Analytics Securities Lending

Compliance Reporting

Research andAnalytics

Execution Services

Prime Brokerage Treasury ServicesPerformance Measurement

Liquidity Management

Cash Management Clearing Services Foreign

ExchangeCollateral

Management

Core Services

Custody Trust & Fiduciary Fund Accounting Transfer Agency

Domicile

Luxembourg Ireland Channel Islands

Management Company

Self managed 3rd party Own

Reporting

Risk Compliance Board

Regulatory

Filing Accounts Tax Company Admin

MarketMarket Entry

SupportMarket Dynamics and Distribution Local Features

ChannelPlatforms- Banks - IFAs - CSDs

Connectivity- MIS - STP

Paying Agency International

Fund Clearance

Global Ops Model

- Transfer Agency - Fund Accounting - Local Timezone

Capability

- Pass the Book Operating Model - Local Language

Support

Fund Structure

UCITS QIF/SIF FCP/CCF Other

Investment Strategy

All investment strategies and asset classes

Distribution Support ServicesDistribution Network

ManagementHedged Share

ClassesDistributor Support

ServicesLocal Regulatory

ReportingInvestor Tax Reporting Local Paying Agency

PRODUCT

Establishment/re-domiciliation

Experience

Futureproof Innovation

Control StrategyClient

J.P. Morgan: Evolving the client solution

FUTUREPROOF INNOVATION

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A world-class platform combined with local market intelligence and insight.

LeadershipAs a premier cross-border service provider in Europe, we administer some of the most complex and innovative fund ranges in Ireland, Luxembourg and the Channel Islands. J.P. Morgan serves the needs of our clients by offering a world-class platform combined with local market intelligence and insight.

We help our clients succeed by sharing their perspective and by integrating our solutions to support clients as their businesses grow.

We anticipate clients’ needs, sharing insight where necessary and being at the forefront of regulatory change and investor requirements. With global experience and active participation in key industry groups* and partnerships we understand and support our clients’ service needs.

Broad-based clients and servicesThe ability to facilitate and assist asset managers of varied fund sizes and product types is one of the core strengths of our offering. We pride ourselves on assisting new entrants into the European market place, as well as servicing established and market-leading names. Our current client base includes many of the largest and most pioneering fund managers. The mix of products from these clients drives a variety of service models and fund features, which in turn allows us to syndicate these innovative solutions across our client base. We provide solutions for UCITS and all types of non-UCITS vehicles, such as QIF/SIFs (regulated hedge funds).

Businesses and product choiceJ.P. Morgan is a global leader across banking, markets and investor services. Through the J.P. Morgan franchise and breadth of products, we offer our clients a full complement of financial services to help grow their businesses. Clients benefit from our commitment to providing end-to-end services through a consistent and seamless organization that provides a unified approach, optimizes efficiencies and promotes operational excellence.

Delivering innovative solutionsBy continuing to invest in J.P. Morgan’s businesses, we are well-positioned to offer enhanced and integrated services to meet clients’ needs. This helps our clients to grow their distribution base whilst cost effectively managing risk and market exposure.

Your Trusted Partner

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CultureWe have built one of the world’s most trusted and respected financial services institutions by fostering a culture that stresses the highest ethical standards in support of our clients. Our clients recognize that we understand their needs and act in their interests. Our focus on partnership, our emphasis on trust and our desire to constantly perform better also attracts like-minded colleagues from the broadest, most intelligent talent pool in the world.

ValuesOur values are reflected in the way that we conduct our business and in the results that we consistently achieve for our clients. We believe that shareholders will benefit as we do the right thing for our clients and the communities that we serve.

Key benefits

Global scale providing clients with global access

Access to Asian investor time zone coverage

Pass-the-book capability supporting NAV cut-offs outside European business hours

Ability to service the global investor base during local hours (Asia, Europe, Americas)

Proven distribution service delivering administration to a global investor base

Full STP connectivity with all the industry platforms and distributors

Distributor management and support, providing high touch service for clients’ key intermediaries

Full trailer fee administration service

Access to a comprehensive range of solutions, including prime brokerage, to allow managers to build and deliver appropriate products to their investors

Tax reporting capabilities and flexible and innovative management information systems

Additional value added services to support local look and feel features & investor options

Local experience and insight in Ireland, Luxembourg and the Channel Islands

Proven track record of migrating existing business in to J.P. Morgan and the launching of new products

A full complement of financial services to help clients grow their business.

Your Trusted Partner (continued)

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As you establish products for the first time, change servicing arrangements, restructure fund ranges, or invest for growth there are a number of considerations that may include:

1. Who are your target investors? Are they institutional or retail?

2. Where are your investors located?

3. What is your investment strategy and what constraints can you operate within (leverage, concentration, etc)?

4. Do you currently have operations or a presence in a European country?

5. What are the tax implications for your fund and/or your investors?

6. How liquid is your fund portfolio?

7. Are there any local language and time zone service requirements for investors or service providers?

8. How do your investors want to deal and settle into the fund? What platforms, intermediaries or settlement systems do you need to consider?

9. What are the available fund structures and what are the differences between them?

10. Do you need to become an approved promoter? If yes, how long will it take?

11. What are the capital requirements for a fund promoter?

12. What products and fund features do you need to consider in order to reach your target investor base and manage your investment strategy?

We welcome the opportunity to discuss these and to share our local market expertise and knowledge.

*Industry Associations: Association of the Luxembourg Fund Industry (ALFI) Irish Funds Industry Association (IFIA) Jersey Funds Association Guernsey Funds Association

Questions To Ask When Selecting Fund Domicile And Product Type

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©2013 JPMorgan Chase & Co. and JPMorgan Chase Bank, N.A. All rights reserved. This document contains a summary of the subject matter (and is subject to change without notice) and is provided solely for general information purposes. J.P. Morgan does not make any representation or warranty, whether expressed or implied, in relation to the completeness, accuracy, currency or reliability of the information contained in this brochure nor as to the legal, regulatory, financial or tax implications of the matters referred herein. The contents of this document do not constitute any advice. This brochure does not constitute a solicitation in any jurisdiction in which such a solicitation is unlawful or to any person to whom it is unlawful. J.P. Morgan is the marketing name for JPMorgan Chase & Co. and its subsidiaries and affiliates worldwide. This document should not be distributed to others or replicated in any form without prior consent of J.P. Morgan. All services are subject to applicable laws/regulations and service terms.

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European Fund Services - J.P. Morgan Home2 EUROPEAN FUND SERVICES J.P. Morgan is one of the largest administrators and custodians in the European cross-border fund services industry,