November 2015
A CLIENT CENTRIC APPROACH November 2015 SYZ WEALTH MANAGEMENT IN - - PowerPoint PPT Presentation
A CLIENT CENTRIC APPROACH November 2015 SYZ WEALTH MANAGEMENT IN - - PowerPoint PPT Presentation
A CLIENT CENTRIC APPROACH November 2015 SYZ WEALTH MANAGEMENT IN BRIEF A unique A wide A global corporate spectrum of coverage culture capabilities Client centric Discretionary mandates to cater our clients' Swiss banking group with
2/29 November 2015
SYZ WEALTH MANAGEMENT IN BRIEF
Client centric
- rganisation
Entrepreneurial spirit Strive for performance Fees based
- n performance
Discretionary mandates to cater our clients' individual needs Advisory business with rich cross-asset expertise Global Investment Solutions with outstanding expertise in hedge funds Private Equity and Corporate Advisory services through first-in-class partnerships Wealth planning with holistic approach Broad credit offering to leverage client assets and finance external investments Trading services with full-fledged trading desk Swiss banking group with 21 locations worldwide,
- f which 15 Wealth
Management Investment professionals in 4 continents and 5 time zones Close proximity to our clients, tailoring our approach to their needs
A wide spectrum of capabilities A unique corporate culture A global coverage
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A SUCCESS STORY SINCE 20 YEARS
SYZ HISTORY
Banque SYZ founded
OYSTER launched
1996 1999 2000 2001 2002 2003 2004
SYZ Bank & Trust Nassau Lugano office Locarno office Luxembourg office London office ALBERTINI SYZ founded Zurich
- ffice
ALBERTINI SYZ gets banking licence
2007 2009 2010 2011
Hong Kong office N+1 SYZ launched SYZ Asset Management founded Paris office
2012
SYZ Swiss Advisors launched
2014
Dubai office
2015
Acquisition of Royal Bank of Canada (Suisse) SA IBM’s Deep Blue beats World champion Kasparov 1st non-stop flight around the world by balloon, piloted by Bertrand Piccard and Brian Jones The launch of the iPod revolutionises music- listening behaviour SpaceShipOne: the first ever private space flight Barack Obama elected first African-American president of the US The eruption of Icelandic volcano Eyjafjallajökull causes major disruption to air travel in Europe Higgs boson’s existence is experimentally confirmed Corporate Advisory & Private Equity Services
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ERIC SYZ A TRUE ENTREPRENEUR
Eric Syz is the majority shareholder and CEO of the SYZ Group. Eric Syz comes from a Zurich industrial family, which was notably among the founders of Credit Suisse and Zurich Insurance. He began his financial career on Wall Street in 1981. In 1984, he joined the Geneva-based private bank Lombard Odier & Cie, working in asset management, mergers & acquisitions, promoting and designing the group’s products and analysing hedge funds, a category in which he has built robust expertise since the 1980s. In 1996, he founded the SYZ Group with Alfredo Piacentini and Paolo
- Luban. Banque SYZ has enjoyed strong growth and is acknowledged by
its peers as a true success story in the Swiss banking world. A major contemporary art collector, Eric Syz is one of the most respected figures in the Swiss banking sector and a key player in the sector’s transformation into a forward-looking financial centre.
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WHAT WE STAND FOR…
ENTREPRENEURIAL SPIRIT Independent Founded by true entrepreneurs Free from conflicts
- f interest
CREATED FOR OUR CLIENTS We began by listening to our clients’ needs We then built our bank to bring them real solutions CREATED TO PERFORM Expertise Specialisation Modern investment style Fees based
- n performance
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…AND WHAT SETS US APART
Capital protection is
- ur top priority
The best way to make gains is to avoid losses
Aligning our interests
We are totally independent, enabling us to avoid conflicts of interest Our remuneration depends
- n our clients satisfaction
A comprehensive view
- f wealth
We take into account all of your wealth, without limiting ourselves to your portfolio alone
Putting the client first
Instead of asking our clients to adapt to our processes, our model is based
- n our clients' real concerns
Absolute performance
Our benchmark is absolute performance, not a stock market index We are clearly motivated to seek out the best asset managers and the highest performing products
An approach based on net return, after tax
We take costs and the tax impact into consideration in our investment approach
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WE ARE CREATED FOR OUR CLIENTS…
CLIENT
SYZ OFFERING CLIENT NEEDS SYZ EMPLOYEES
Dedicated to their clients Highest professional standards Taking into account our clients' real concerns Holistic approach to client needs Customised offerings to cater individual needs Broad range of wealth management services
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…AND WE ARE CREATED TO PERFORM
PERFORMANCE
SELECTION OF THE BEST ASSET MANAGERS ACTIVE MANAGEMENT RISK MANAGEMENT
Extensive use of hedging techniques Use of products with asymmetrical profiles We invest independently
- f stock market indices
Our size gives us agility Our objective is to provide the best asset management We supplement our in-house skills with the world’s best specialists
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FINANCIALLY STRONG WITH CONTINUOUSLY GOOD TRACK RECORD
AuM of CHF 40bn in 2015 17% annual growth since 2012 Group rated Baa2 on 21 May 2015 Placed under review for possible downgrade on 23 July 2015 due to the announced acquisition of RBC (Suisse) SA Estimated Tier-1 ratio of 16% in 2016
25 29 29 40 20 40 60 2015
CHF bn
+17%
2012 2013 2014
CONTINUOUS GROWTH SOLID CAPITAL RATIO GOOD RATINGS
16%
Tier-1 ratio in 2016
Baa2
by Moody's
A2/P-1
for long-term/ short-term deposits
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OVERVIEW OF OUR SERVICES AND EXPERTISE
SYZ GROUP OFFERING
SYZ ASSET MANAGEMENT
OYSTER Funds OYSTER Alternative SYZ AM Funds
SYZ WEALTH MANAGEMENT
Global Investment Solutions Discretionary Trading Wealth planning Credit Advisory/ Research SYZ Swiss Advisors Private clients Independent Asset Managers
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A SUCCESSFUL BOUTIQUE PLAYER
SYZ ASSET MANAGEMENT Multi-boutique offering focused on active management
Equities: Europe, Italy, US, Japan, Emerging Markets, Global, High Dividend, Market Neutral Fixed Income: CHF, EUR, EUR Corporate, USD, High Yield, Convertibles, Flexible Multi-Asset: Absolute Return, Diversified, Real Return Inflation linked, Active Protection. Multi-Manager: Alternative investments
Clear commitment to performance expressed through 5 principles
Alpha generation Focused portfolios Non-dogmatic investments Unrestrained fund management Innovation
Swiss and international institutional client base
Pension funds, insurers, corporates and investment funds Investing either through the Group’s investment funds
- r via segregated mandates
Comprehensive investment teams
Experienced managers and team members Pure play strategists Proven track record
12/29 November 2015
WITH SPECIAL FUND OFFERING AND EXPERTISE
SYZ ASSET MANAGEMENT
OYSTER FUNDS
UCITS Luxembourg SICAV with pan-European and Asian distribution 26 strategies in the major asset classes and niche strategies Top-performing funds aimed at a professional market Effective mix of in-house and external fund managers Recognised fund brand (ranked #34 in the Top 50 preferred fund brands in Europe1)
OYSTER ALTERNATIVE
Selecting hedge funds and managing multi-manager funds is
- ne of the Group’s long-standing skills
SYZ’s 19-year track record is one
- f the longest in Europe
A diversified single- and multi-strategy alternative products offering
SYZ AM FUNDS
Swiss-domiciled funds for Swiss institutional investors Focused on CHF fixed income strategies
1: Fund Buyer Focus/Morningstar 2014 ranking
Note: Some funds may be restricted to qualified investors only and/or to certain jurisdictions
13/29 November 2015
INVESTMENT PROCESS CREDIT TRADING WEALTH PLANNING ONLINE BANKING DISCRETIONARY MANAGEMENT GLOBAL INVESTMENT SOLUTIONS ADVISORY/ RESEARCH
OUR OFFERING
SYZ WEALTH MANAGEMENT
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VARIOUS PROFILES TO CATER OUR CLIENTS’ NEEDS
STANDARD PROFILES SPECIAL PROFILES
Absolute Return
Defined risk budget High liquidity Low FX risk
100% Equities
Dividend stocks Open Architecture Funds Stock-picking
100% Fixed Income
High Yield or EM bias Income generation
CPI +
Oriented on protection against inflation 15% 15% 15% 13% 62% 40% 23% 10% 20% 40% 52% 62% 10% 15% 3% 5%
Low Moderate Medium High
Alternatives Equities Fixed income Cash
No strict minimum size for special mandates but ideally above USD/EUR/CHF 1mio Reference currencies : CHF/USD/EUR/GBP/CAD/SEK Management fine-tuned to take into account local tax rules FX : managed as an asset class DISCRETIONARY MANAGEMENT
15/29 November 2015
HOW WE INVEST
ACTOR PROCESS TOOLS
CIO / Strategy Committee Client via Relationship manager
Top Down analysis Forecasts/ Modelling Neutral points OW /UW In-house bottom-up analysis Fund analysis 3rd party analysis
- Restr. Man.
Tools Risk analysis Fiscal rules Volatility review Performance review Expected returns
Market Analysis Strategy Grid Model Portfolio Implemen- tation
Profile definition
Discretionary Portfolio Management Team Client Portfolio
RISK CONTROL
Example: Portfolio management – Discretionary mandates
INVESTMENT PROCESS
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A CROSS-ASSET GLOBAL EXPERTISE
ADVISORY/ RESEARCH
EXTERNAL BROKERS
20 brokers access
SYZ TRADING
8 experts (Equities, Bonds, FX, Structured products)
SYZ FUND RESEARCH
Fund analysis Open architecture
SYZ ASSET MANAGEMENT
34 UCITS funds Macro analysis/Tactical allocation
ADVISORY TO EXTERNAL ASSET MANAGERS ADVISORY TO RELATIONSHIP MANAGERS DIRECT ADVISORY TO CLIENTS
- Global Equities
- Global Bonds
- FOREX
- Alternative
Investments
- Structured
Products
ADVISORY
17/29 November 2015
…WITH A WIDE OFFERING
Our offer
Active Equity & Bonds lists Weekly investment note Company notes Flash notes to RMs & Clients Portfolio Analysis & Design
Our strengths
Global Equity selection Global Bond selection Hedge Funds selection (GIS) FX advisory Structured products advisory
ADVISORY/ RESEARCH
18/29 November 2015
HEDGE FUND EXPERTISE & SERVICES
Global Investment Solutions
Hedge funds and global alternative
- team. USD 2bn in hedge fund
investments Focusing on the specific needs of private individuals, family offices, external asset managers and trusts
Offer of Services
Portfolio management of tailor- made portfolios as per client’s predefined needs Active advisory on selected high- quality hedge funds, including redemption recommendations. Offer capacity in closed funds
Research Skills
Internal global hedge fund research capabilities. More than 100 hedge funds approved Subscriber to Albourne, leading independent hedge fund research service
Portfolio Management Skills
Focus on performance and downside protection 6.5% annualised outperformance
- vs. hedge fund index
Flat performances during equity down months GLOBAL INVESTMENT SOLUTIONS
Note: Some funds may be restricted to qualified investors only and/or to certain jurisdictions
19/29 November 2015
TAKING CARE OF OUR CLIENTS WEALTH BEYOND INVESTING
OBJECTIVES DEDICATED SERVICE Wealth planning is a dedicated service aimed at assisting clients in the:
Evaluation of financial, economic and risks from asset allocation Identification of compliant investment instruments in partnership with legal counsels Coordination of family matters Succession solutions for businesses and private assets
DIFFERENTIATING APPROACH We differentiate ourselves from an external advisor thanks to:
Holistic analysis of legal and fiscal situation Neutral and independent identification of your objectives Development of tailor-made wealth plan thanks to our multi-disciplinary expertise Solution implementation in our banking environment
BREADTH OF TOPICS COVERED Tax solutions
Understanding tax implications in multiple jurisdictions Compliant solutions by using investment wrappers such as collective investment schemes
Restructuring for tax and legal change
Regular reviews to identify risks and define strategies to avoid risks with tax and legal counsels
Concentrated equity planning
Developing strategies to enhance position lending value Create liquidity
Insurance solutions
Unit-linked insurances Guaranteeing liquidity Portable from one country to the other
Dispositive planning
Alternatives to proper ownership for asset protection purposes and/or heritage transfer Succession planning solutions and transfer facilitation Solutions to achieve clients’ philanthropic objectives
Cross-border planning
Expatriation opportunities for individuals Solutions for entrepreneurs who need to freely travel around Europe
WEALTH PRESERVATION WEALTH ENHANCEMENT
WEALTH PLANNING
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ALLOWING FOR FINANCIAL FLEXIBILITY
Cash, MM, Fiduciary Fixed Income Equities ETF Funds Internal Funds Recommended Funds Hedge Funds Insurance Policies
COLLATERALISED CREDIT FACILITIES
Leveraging the assets with the bank Financing external investments Overdrafts in all major currencies Fixed term loans in all major currencies and up to 5 years First demand bank guarantees Derivatives trading
FLEXIBLE UTILISATION PRODUCT
LENDING VALUE PRODUCT Max 100% Max 95% Max 75% Fixed Income max. 95%/Equity max. 75 Based on asset class Based on asset class Max 60% On a case-by-case basis, depending on contract type CREDIT
21/29 November 2015
FULL RANGE OF TRADING SERVICES AT YOUR DISPOSAL
VIP service with high added value
Personalised advice, implemented by devising a tailored investment strategy Actively managed currency overlay, with continuous monitoring for
- ptimisation
Highly controlled risk management with systematic stop loss limits and call levels Technical analysis Continuous information through a range of publications, external research and market news flows
Trading volume per year
1
Equities: ~CHF 7bn Bonds: ~CHF 6bn Forex spot/forward/swap: ~CHF 110bn Derivatives forex: ~CHF 7bn
Competitive trading services
Direct access to the trading room for clients & IAM Long opening hours Competitive prices, obtained by creating competition among more than 28 different bank counterparties Meticulous execution in line with “Best Execution” principles TRADING
- 1. Trading volumes 2014
22/29 November 2015
AT THE FOREFRONT OF TECHNOLOGY
SYZ Direct
The eBanking solution that allows to access client accounts 24 hours, 7 days a week Account statements and portfolio evaluations can be viewed, printed or exported as required Our eBanking respects the high security norms that we apply to all our activities
SYZ Mobile
Intuitive, safe and user-friendly, this iPad app enables our clients to view at any moment the situation and the results of their portfolio Taking advantage of modern technologies, SYZ Mobile allows our clients to view their account information and to choose the desired granularity, from a simple
- verview to the details of each position
Available information
Summarised view with portfolio evaluation, performance of the ongoing year and administrative information Performance of the ongoing year, with a synthetic or detailed vision including inflows /
- utflows of funds
Breakdown by asset classes and currencies, current state and 12-month history Current account balance Detailed positions with average cost, current price and unrealised profit / loss ONLINE BANKING
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UNIQUE SERVICES FOR IAMS
A strategic activity with dedicated resources
Genuine investment management specialist A team of experienced professionals, totally dedicated to IAM
A bank that truly adds value
Dedicated solutions for private clients as well as IAM State-of-the-art IT systems Flat structure and rapid decision-making process
Trading room
Direct access to the SYZ Trading Room will be granted to IAM with a sufficient size and specifics needs
A renowned active advisory
Bespoke recommendations based on SYZ’s high value-added research Ability to handle all asset classes Open architecture
SYZ INDEPENDENT ASSET MANAGERS
24/29 November 2015
SERVING OUR US CLIENTS
About SYZ Swiss Advisors
SEC-registered Swiss investment advisor based in Zurich
Clientele served
American investors based in the US and abroad
SYZ SWISS ADVISORS
Services offered
Discretionary investment management Choice of several investment profiles US tax compliant portfolio management Full tax statements
25/29 November 2015
ACCESS TO DEEP CROSS-ASSET EXPERTISE
SYZ KNOWLEDGE WORLD
SYZ ASSET MANAGEMENT
OYSTER Funds, special mandates, institutional mandates
SYZ RESEARCH
External funds, global equities, global bonds, hedge funds
DISCRETIONARY PORTFOLIO
Various balanced mandates, special mandates & hedge funds mandates
TRADING DESK
Direct access & advisory, forex, equities, bonds, derivatives
WEALTH PLANNING
Optimisation, shareholder maximisation, transfer to next generations
CREDIT & LENDING
Lombard & external loans, bank guarantees, credit, prepaid cards, cheques
GLOBAL INVESTMENT SOLUTIONS
Hedge fund expertise & services
ADVISORY
Global equities & bonds – direct line & funds, forex & derivatives, hedge funds & alternatives, external funds recommendation list
ACCESS TO EXPERTISE
Wealth Management Asset Management
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RECOGNISED QUALITY & SERVICE
SYZ AWARDS
October 2014
The Swiss banking Group SYZ & CO has been voted “Best Private Banking Boutique” by the jury of the Global Private Banking Awards 2014 organised by PWM (Professional Wealth Management) and The Banker, two publications of the Financial Times group.
August 2014
Banque SYZ & CO ranked best Swiss bank in terms of soundness in the annual ranking of the world’s top banks drawn up by the benchmark magazine The Banker.
November 2015
For the second year running, Banque SYZ has been voted “Best Private Banking Boutique” by the jury of the Global Private Banking Awards 2015. Organised by PWM Professional Wealth Management and The Banker, both Financial Times Group publications.
November 2013
Eric Syz, Co-founder and Managing Partner of the Swiss banking group SYZ & CO, was awarded the “Judges’ Award Industry Leader" in the 2013 Global Private Banking Awards, organised by PWM and The Banker.
27/29 November 2015
21 PRESENCES WORLDWIDE, OF WHICH 15 FOR WEALTH MANAGEMENT
SYZ GROUP
28/29 November 2015
CONTACTS
Reggio Emilia Banca ALBERTINI SYZ SpA Via Roma 8 I – 42100 Reggio Emilia Tel: +39 0522 45 921 Bologna Banca ALBERTINI SYZ SpA Piazza Calderini 3 I – 40124 Bologna Tel: +39 051 29 10 51 Torino
Banca ALBERTINI SYZ SpA Corso Re Umberto 77 I – 10128 Torino
- Tel. (+39) 011 503232
Madrid N+1 SYZ Padilla 17 E – 28006 Madrid Tel: +34 91 745 84 84 Bilbao N+1 SYZ Alameda de Recalde, 35, 6° dcha E - 48011 Bilbao Tel: +34 94 443 63 51 Barcelona N+1 SYZ Paseo de Gracia, 101 E - 08008 Barcelona Tel: +34 93 218 15 40 Paris SYZ (France) SAS 8, place Vendôme F – 75001 Paris Tel: +33 (0)1 55 35 98 80 Brussels SYZ Asset Management (Luxembourg) SA 38/40 Square de Meeûs B - 1000 Bruxelles Tel: +32 (2) 401 61 21
SWITZERLAND
Geneva Banque SYZ SA Rue du Rhône 30 Case Postale 5015 CH – 1211 Genève 11 Tel: +41 (0)58 799 10 00 Fax: +41 (0)58 799 20 00 info@syzgroup.com www.syzgroup.com Geneva Banque SYZ SA Rue François-Diday 6 Case postale 5696 CH - 1211 Genève 11 Tel: +41 (0)22 819 42 42 Fax: +41 (0)22 819 43 43 Geneva SYZ Asset Management (Suisse) SA Rue du Rhône 30 Case Postale 5015 CH – 1211 Genève 11 Tel: +41 (0)58 799 18 00 Fax: +41 (0)58 799 20 46 Zurich – Agency Bank SYZ AG Dreikönigstrasse 12 CH – 8027 Zürich Tel: +41 (0)58 799 77 37 Fax: +41 (0)58 799 22 00 Zurich – Representative office SYZ Asset Management (Schweiz) SA Dreikönigstrasse 12 CH – 8027 Zürich Tel: +41 (0)58 799 77 37 Fax: +41 (0)58 799 22 00 Lugano – Agency Banque SYZ SA Riva Paradiso 2 Casella postale 542 CH – 6902 Lugano - Paradiso Tel: +41 (0)58 799 67 20 Fax: +41 (0)58 799 23 00
ASIA
Hong Kong SYZ Asset Management (Asia) Ltd 6501, 65/F, The Center 99 Queen’s Road Central Hong Kong Tel: +852 3911 0800
MIDDLE EAST
Dubai Banque SYZ SA (Dubai Representative Office) Dubai International Financial Centre Office Nr. 13, Gate Village 4, Level 3 P.O. Box 113355 – Dubai, UAE Tel: +971 (0)4 401 99 99 Fax: +971 (0)4 401 91 14
AFRICA
Johannesburgh Banque SYZ SA, South Africa Representative Office Suite 8, First Floor The Orchard, 89 Bute Lane Sandown RSA - Sandton 2196 PO Box 653641 Benmore RSA - Sandton 2010 Tel: +27 (0)11 305 2382 Fax: +27 (0)86 685 6231 Lugano – Representative office SYZ Asset Management (Suisse) SA Riva Paradiso 2 CH – 6902 Lugano-Paradiso Tel: +41 (0)58 799 67 20 Fax: +41 (0)58 799 23 00 Locarno – Agency Banque SYZ SA Via Cattori 4 Casella postale 1461 CH – 6601 Locarno Tel: +41 (0)58 799 66 66 Fax: +41 (0)58 799 22 50
EUROPE
London SYZ Asset Management (Europe) Limited Authorised and Regulated by the FCA Southwest House 11a Regent Street London SW1Y 4LR Tel: +44 (0) 20 30 400 500 Edinburgh SYZ Asset Management (Europe) Limited Authorised and Regulated by the FCA Southwest House 31 Charlotte Square Edinburgh EH4 4ET Tel: + 44 (0) 20 30 400 500 Milan Banca ALBERTINI SYZ SpA Via Borgonuovo 14 I – 20121 Milano Tel: +39 02 30 30 61 www.albertinisyz.it Zaragoza N+1 SYZ Albareda 1. 2°B 50004 Zaragoza Tel.: +34 976 79 51 60 Luxembourg SYZ Asset Management (Luxembourg) SA 54 rue Charles Martel L – 2134 Luxembourg Tel: +352 26 27 36-1 Global Investment Selection SA 54 rue Charles Martel L – 2134 Luxembourg Tel: +352 26 27 36-1 OYSTER SICAV Boulevard de la Foire 11-13 L – 1528 Luxembourg Tel: +325 26 27 31-1
NORTH AMERICA
Nassau SYZ Bank & Trust Ltd Old Fort Bay Town Centre, Building 2 Windsor Field Road P.O. Box N-1089 Nassau – Bahamas Tel: +1 242 702 1400 Alternative Asset Advisors SA Old Fort Bay Town Centre, Building 2 Windsor Field Road P.O. Box N-1089 Nassau – Bahamas Tel: +1 242 702 1423 Miami Banque SYZ SA (Representative Office) 801 Brickell Avenue, Suite 1501 USA - Miami, Florida 33131 Tel: (305) 371 7141 Fax: (305) 371 7145
Disclaimer
This marketing document has been issued by the SYZ Group (hereinafter referred to as " SYZ ”). It is not intended for distribution to or use by individuals or legal entities that are citizens of or reside in a state, country or jurisdiction in which applicable laws and regulations prohibit or restrict its distribution, publication, issue or use. It is the user's sole responsibility to assess whether or not the recipient of the present document is fully permitted to take part of the document in their country of domicile / residence and, if so, to not hold Bank SYZ Ltd accountable for any claims
- r
proceedings that the recipient could face. This material is intended for informational purposes only and should not be construed as an offer, recommendation or solicitation for the purchase or sale of any financial instrument, or as a contractual
- document. The information provided herein is not intended to constitute legal, tax, or accounting advice
and may not be suitable for all investors. Any decision to buy, sell or subscribe to any kind of financial instrument would be made under the user's sole responsibility without any liability of any kind of SYZ. SYZ waives any liability for any and all forms of loss or damage that could arise from, or in connection to, the present document. The market valuations, terms, figures and calculations contained herein are estimates only and are subject to change without notice. SYZ will not follow up on the evolution of the information and will not be in position to revert to a user / users, should such information be changed in the future. The information provided is believed to be reliable; however the SYZ Group does not guarantee its completeness or accuracy. Past performance is not an indication of future results, and neither is performance nor capital being guaranteed.