MSM Presentation

Wealth Management for Global Families

Dec 2011

Legal Notice & Disclaimer

By accessing this presentation of MSM Investment Advisors S.A. (here after MSM) and its links, you agree to the legal information contained herein. The MSM Website is forbidden to any person in any jurisdiction (by mean of domicile, residence, nationality or otherwise) where the publication or availability of information contained on this presentation of MSM would violate the country's applicable laws or regulations whatsoever. The information published on this presentation of MSM does not constitute or form part of an offer or solicitation to sell, or an invitation to subscribe for, shares or units in investment funds or other securities, or an offer to provide investment advisory services or other services referred to herein. The information made available contained in MSM’s presentation has been obtained from sources believed to be reliable, but which have not been independently verified; no guarantee, representation or warranty is given and no responsibility or liability as to its accuracy or completeness is accepted. MSM has taken all reasonable care to ensure that this information is fair, accurate and complete. MSM declines any liability for, but not limited, to losses or damages whatsoever that may arise from accessing this presentation on the Website of MSM and its links. All information available on the MSM Website is protected by copyright without prejudice to the copyright of third parties. MSM reserves its rights with respect to copyright and trademark ownership of all information on this presentation and it’s website. Nothing contained on this presentation shall be construed as a specific investment, legal, tax or other advice. Any information or opinions found thereon may have no relevance to the specific investment objectives, financial situation or particular needs of any specific recipient of the said information. An investor should always obtain relevant, personal and specific professional advice before making any investment decision. The information or opinions contained in this presentation are provided for personal and informational purposes only and are subject to change without notice.

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Profile Wealth Management Services

• MSM is a multi family office platform dedicated to providing global families with a highly personalized, responsive and tailored wealth management and corporate advisory service.

• MSM provides an Investment Advisory Service designed to offer independent advice focused exclusively on ensuring clients meet their individual risk adjusted investment objectives.

• MSM provides oversight and performs quarterly reviews on all client fiduciary and trust structures to ensure relevance and effectiveness. [We partner with professional advisors seasoned in handling such matters and take appropriate action where required]

• MSM has preferred partners and a network of alliances that provide discretionary asset management, corporate advisory and real estate services

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Milan S. Morjaria

• Earned a B.Sc (Hons) degree in Economics from the London School of Economics and Political Sciences

• 22 years of experience at Citigroup, most recently focusing on European Ultra High Net Worth clients

• and their family offices

• In 2010, founded MSM Investment Advisors S.A., a wealth management service for global families

Arpana Sharma-Morjaria

• Earned a B. Sc. (Hons) degree in science from the University of Bhopal

• 20 years of experience in the world of fashion and choreography

• In 2010, joined MSM Investment Advisors S.A. as a director

Markus A. Bettels

• Earned a Bachelors Degree in Political Science and Communications from Denison University, OH, USA.

• 6 years of banking experience at Citibank (Switzerland) AG focusing on European Ultra High Net worth

• families

• In 2011, joined MSM Investment Advisors S.A. as relationship officer

Victoria C. Gabb

• 14 years of experience as an administrative assistant

• 4 years of working experience in a private banking environment

• In, 2010, joined MSM Investment Advisors S.A. as an administrative assistant to the founder

MSM Investment Advisors SA The Team

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Investment Management

• Portfolio Management

• Proprietary Products

• Co-Investment Ideas

Advisory Services

• Corporate Advisory

• Risk Management

• Debt Financing

Fiduciary Services

• Corporate Vehicles

• Tax Structuring

• Asset Protection

• Special Assets

Business activities Financial diversity

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Investment Activities Portfolio Management

• Collectively, 60 years of Private Banking, Portfolio and Alternative Investment Management

• experience between principal partners at MSM Investment Advisors S.A. and New College

• Capital Ltd.

• Managing assets across all asset classes and types specializing in non traditional benchmarks and absolute

• return strategies.

• Mandated special portfolios on a discretionary basis for CLO and CDO trading strategies.

• Cost effective and attractive risk adjusted returns in multi currency benchmarks.

Discretionary

• Assets Under Management exceed USD 250 million in advisory mandates.

• Provide integrated trading platforms and solutions for all types of investment products.

• Provide Institutional access and pricing via prime brokers for all trading clients.

• Provide active advisory and risk management solutions on global asset allocation and

• alternative investment strategies for all advisory portfolios.

Advisory

• Specialize in active due diligence, product validation and after sales on asset classes and

• investment styles.

• SJP Opportunities Fund SICAV Ltd., a multi strategy absolute return hedge fund that seeks to achieve

• returns of 6 month € LIBOR + 5% to 7% per annum with low correlation to any single asset class. We also

• offer a USD share class.

• SBS Opportunities Fund SICAV Plc., a multi strategy absolute return hedge fund that seeks to achieve

• returns of € LIBOR + 3% to 5% per annum with low correlation to any single asset class.

Proprietary Products

• Assist in identifying and co-investing with reputed property partners in UK, US and Asia in real estate as an asset class. Seek to achieve 15-20 per cent IRR returns with limited leverage over a three year time

•horizon.

• Access to investment opportunities in innovative technologies in HighTech, GreenTech and Life Sciences. Our principals are co-investment partners in all recommendations to ensure alignment of interests.

Co-Investment Ideas

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Defining the process Collaborative Approach

What do we compare you to?

Establish an after sales process to ensure accountability

How we do it?

Design and construct a process to deliver tangible and relevant ideas

What we do for you?

Pre agree a clear and written set of deliverables

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Deliverables Clear Accountability

•Establish clear set of investment objectives

•Agree asset allocation on a regular and pro -active basis

•Generate relevant and timely investment themes and ideas

Investment Advice

•Find the most appropriate counterparties in the market place

•Negotiate institutional pricing and ensure “best” price execution

•Provide pro-active after sales

Execution

• Produce a consolidated statement with analytics

• Provide relevant risk metrics to measure

• volatility

• Have a regular reviews to ensure consistency

• with asset allocation

Reporting & After Sales

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Trust & Fiduciary Companies

Private Banks

Accounting & Tax

Legal Advisors

The MSM Approach The Orchestrator

Majority of mandates begin their relationship at this stage

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The MSM Approach The Family Office Manager

Educate & Assist in

Family Goals

Organise & Implement

Centralize Tax & Regulatory

Issues

Execute Investment Strategies

Measure & Monitor

Coordinate & Manage

Professionals

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The Ultimate Global Family Office Manager Service

Network of Partners An extended global network

Banking

• 4 US Financial Institutions

• 4 Swiss Private Banks

• 1 Singaporean Private

• Bank

• 1 Hong Kong Private Bank

Asset Management

• New College Capital Ltd (London)

• Global View Inv. S.A. (Geneva)

• MSM Investment Advisors

• S.A. (Geneva)

Advisory Services

• MSM Coba Asset

• Management

• MSM Galion Sarl

• MSM BellHouse Capital

Fiduciary Services

• 2 Swiss Providers

• 2 Singapore Providers

• 1 Dubai Provider

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Strategic Partnership MSM New College Capital

• The aim is to leverage over 60 years of combined investment management experience and intellectual capital between the partners of MSM Investment Advisors S.A. and New College Capital Limited in providing independent and impartial investment advice to our corporate and private clients. • Our special focus is to help our client establish clear investment objectives and implement appropriate investment policies. • We do not believe that investors are best served by working with a single financial institution and entrusting that institution with the management of financial assets across the entire spectrum of asset classes, markets and investment styles. • We are paid by our clients who entrust us with confidential information and trust us in managing their substantial assets. We respect this trust and put their interests and objectives above all.

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• The aim of this partnership with MSM Investment Advisors S.A. is to help source, secure, structure and actively manage direct investments in commercial and residential property. • The partnership combines property, fund management and banking skills to enable investors to make prudent and interesting long term investments. • The partners bring the professional approach of an institutional investor combined with the entrepreneurialism of a successful property company.

Strategic Partnership MSM Coba Asset Management

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Strategic Partnership MSM BellHouse Capital

• MSM Investment Advisors has a strategic alliance with BellHouse Capital, an Emerging Markets focused Capital markets and Merchant Banking Firm led by former London Management Board member of Unicredit with over 22 years of financial markets expertise. • The strategic alliance is specifically designed to enhance and augment the array of product offerings of MSM Investment Advisors to encompass the full suite of capital markets and investment banking products. • MSM shares a common vision of working with integrity, professionalism and trust to benefit our clients by leveraging our network of relationships with BellHouse Capital’s global institutional investor clients ranging from long only, hedge fund and sovereign wealth fund investors. • BellHouse Capital boasts superior proprietary deal flow and its institutional client group and principals co-invest alongside our investors in projects, transaction, thereby aligning interests.

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Strategic Partnership MSM Galion Sarl

• To partner with MSM Investment Advisors S.A. to provide access to innovative technologies via private equity investing in HighTech, GreenTech and Life Sciences. • Key principals bring over 80 years of combined legal, medical and financial expertise and access to an un-paralleled network of senior executives, entrepreneurs, investors and attorneys. • Principals have an ability to co-invest capital in all deal flows originated by this partnership.

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Alex Ciravegna

Director at New College Capital. Alessandro has a Masters Degree in MML from the University of Cambridge and has 21 years experience in financial markets. He started his career as a graduate trainee at Merrill Lynch in London. He subsequently joined Citigroup where he worked in London, Athens and New York in various investment advisory and business management functions. In 1999, Alessandro founded New College Capital Ltd to provide specialist investment advice to European based investors.

Robert Reoch

Director at New College Capital. Robert has a Masters Degree in Chinese and Law from the University of Cambridge and has 21 years experience in financial markets. He started his career as a graduate trainee at J.P. Morgan in London. He subsequently worked in corporate finance at J.P. Morgan in Asia until moving to London as one of the founders of the bank’s credit derivatives business. Robert has been Head of credit derivatives at Nomura in London and Head of credit derivatives at Bank of America in San Francisco. In 2001 Robert founded Reoch Credit Partners to advise regulators, banks and other financial institutions on risk, strategy and pricing aspects of credit derivatives and structured credit products. He is a frequent speaker at industry conferences.

Dr. Werner Tscholar

Founder of Gallion Corporate Advisory services. Werner, has 22 years of experience in the field of biotech, medtech pharmaceutical and diagnostics. Held senior executive positions at Novartis, BMS & Schering-Plough and is co-founder and CEO at several biotech ventures and private equity companies. He holds a degree in Medicine (MD), pharmacy (MA) & clinical pharmacology (PhD), MBA.

David Richard

Non-executive Chairman at Coba Asset Management. He has over thirty years´ commercial, investment and private banking experience initially working for Grindlays Bank in London, Zurich and Delhi before joining Citicorp Investment Bank in 1986. He spent ten years with Citibank Private Bank at Berkeley Square as Head of UK, Ireland, Scandinavia, Greece and Israel before joining Credit Suisse as Head of Private Banking and subsequently Lombard Odier Darier Hentsch as CEO and Vice Chairman. He remains a Senior Advisor to the Lombard Odier Group. He has an MBA from Cranfield and graduated from Birmingham University.

Council of Advisors to MSM Investments Advisors SA

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Atul Amin

Managing Partner, Atul is the founding partner of Hugh Cartwright & Amin, a solicitors practice established in England and Wales in 1984. Atul has over 25 years experience dealing with an international client base focusing on Ultra High Net Worth families and their international businesses. Atul is a lawyer by profession and has a Bachelors of Science in Physics from Queen Mary College, University of London. He qualified as a solicitor in England and Wales in 1978. His firm specializes in all aspects of Commercial and Corporate law, with particular strength in property, commercial litigation and banking law.

Inderjit Bedi

Co-Founder and Chief Executive Officer of BellHouse Capital Ltd. Inderjit has 21 years experience investment banking with Banker’s Trust, BNPP and most recently was a London Management Board member for UniCredit (HV) and Managing Director jointly responsible for UK fixed income sales, global hedge fund coverage and Western Europe structured product sales.

In his 8 year tenure at UniCredit (HVB), he founded the bank’s entire hedge fund coverage and convertible bonds sales, trading and research activities and has spearheaded the distribution of several benchmark Euromaket transactions from OECD and emerging markets issuers alike. Inderjit holds an MA in Engineering Science from St Edmund Hall, Oxford University.

Graham Gould

Managing Director at Coba Asset Management, Graham has had almost thirty years of varied commercial experience, the last ten of which have been in property.

He founded Residential Property Investment Management in 1999 and COBA Asset Management in 2003.

After graduating from INSEAD he spent twelve years as head of the Financial Institutions Group of The COBA Group, an international firm of management consultants of which he was a founding member in 1985. Whilst there he advised many major clients such as Citibank, Royal Bank of Scotland and Societe Generale.

Council of Advisors to MSM Investments Advisors SA

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Significant Milestones by MSM

Year Month Milestone

2011 September MSM passes it’s second self regulated audit as a member of the Association Romande des Intermediaire Financiers (ARIF)

2011 June MSM Celebrates it’s First Anniversary. Client Advisory and Asset Allocation mandates exceed USD 250 million.

2011 January MSM sponsors Treasure as it’s Charity of Choice for 2011. (www.childrenaretreasure.org)

2010 December Client Advisory and Asset Allocation mandates exceed USD 100 million.

2010 October MSM partners with Galion Sarl, a Swiss based corporate advisory business to form MSM Galion Sarl.

2010 September Formation of strategic alliance between MSM Investments Advisors S.A. and New College Capital Ltd.

2010 August MSM becomes member of Association Romande des Intermediaire Financiers (ARIF).

2010 June Founding of MSM Investment Advisors S.A.

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Contacts

Milan S. Morjaria

Managing Director

MSM Investment Advisors SA

Tel. +41 22 817 3700

Fax. +41 22 817 3701

[email protected]

Arpana Sharma Morjaria

Director

MSM Investment Advisors SA

Tel. +41 22 817 3705

Fax. +41 22 817 3701

[email protected]

Markus Bettels

Relationship Officer

MSM Investment Advisors SA

Tel. +41 22 817 3706

Fax. +41 22 817 3701

[email protected]

Victoria Gabb

Administrative Assistant

MSM Investment Advisors SA

Tel. +41 22 817 3702

Fax. +41 22 817 3701

[email protected]

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