Corporate Trust Services

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1 Corporate Trust Services

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3 Table of contents About us 2 About our parent 2 Benefits of working with us 3 Our legal advisers 3 Our partners 3 Our services 4 Our team 6 Contact us 9

4 About us At Australian Executor Trustees Limited (AET), we have been providing professional trustee services for over 130 years. Today our Corporate Trust business is a leading provider of corporate trust services to the financial services industry in Australia. We offer a comprehensive range of specialist services through our three core businesses: Corporate Trust, Estate and Trustee Services and Superannuation. As well as the corporate trust services outlined in this brochure we provide the following services: Estate and trustee services: As a professional trustee, we help Australian families manage and transfer their wealth tax-effectively. Our services include estate planning (specialist advice in the areas of Wills, estate planning and powers of attorney) and estate and trustee services (such as compensation trusts, disability trusts, philanthropic trusts and Native Title trusts). Superannuation: We are specialists in self-managed superannuation. We partner with financial advisers to offer a range of self-managed super fund (SMSF) solutions for clients including the AET SMSF and AET small APRA fund. Our services range from establishing a fund or creating a trust deed to providing complete trustee administration and compliance support. About our parent We are part of the IOOF group, a leading provider of wealth management products and services in Australia. The IOOF group has been helping Australians secure their future for over 160 years. With over $121.9 billion in funds under management, administration, advice and supervision (as at 30 June 2014), IOOF currently services around 650,000 customers Australia-wide. Listed on the Australian Securities Exchange (ASX: IFL) in the top 200 listed ASX companies, IOOF is one of the largest non-bank-aligned groups in the financial services industry. 2

5 AET Corporate Trust Services Benefits of working with us Australian: We are proud to be Australian owned and operated. Experienced: At AET, we have been providing trustee services since Our professional corporate trust staff have decades of experience in providing corporate trustee and custody services. Trusted: For over 130 years Australians have trusted us to safe keep or supervise assets on their behalf. Our Corporate Trust business currently has in excess of $19 billion of funds under supervision. Dedicated: We recognise that to be successful, we must ensure our clients success. Relationship focused: We believe that our relationships with people are the most important part of our business. We value our employees, partners and most of all our clients. We strive to create strong and lasting relationships with clients and the referrals we receive from existing clients and partners are testament to our approach. Our legal advisers We work with reputable legal advisers and, where appropriate, use advisers recommended or suggested by our clients. Before appointing legal advisers, we will obtain client approval of a quote for all legal services. When negotiating transaction documents, we will do everything we can to meet the client s timeframe and to assist negotiations. Our partners Our close relationships with other service providers, allows us to offer a wider range of services beneficial to your business. To view a complete list of our service providers, please visit the corporate trust section of our website, We also work closely with companies that provide registry, responsible entity, administrative services and asset servicing. We take pride in the strong relationships we build with our clients and this helps our mutual businesses to grow 3

6 Our services As a corporate trustee or custodian we are the legal owner of, or hold security over, assets and financial instruments on behalf of our clients as well as providing administration and supervisory services. We provide a range of quality services in three main areas: custody and trustee services, structured finance and securitisation services and note trustee services. Custody and trustee services As a leading corporate trustee we have considerable experience in providing custody services. We offer a range of specialised and dedicated services that can be tailored to your needs. As a custodian, we hold title to the assets, maintain a bank account for the payment of expenses or distribution of income and enter into contracts for the sale and purchase of assets. We provide custody services for a range of wholesale and retail investment products such as: property syndicates listed property trusts equity and fixed interest trusts mortgage trusts water funds agricultural schemes retirement villages multi-manager funds private equity trusts venture capital trusts significant investor visa products. We also act as trustee for wholesale funds. Our custody team offers the following services: holding assets on trust maintaining bank accounts making payments based on clients instructions monthly cash movement reports quarterly compliance reports, confirmations of net tangible assets and asset confirmations annual audit reports on internal controls executing leases, sale contracts and documents for corporate actions accounting services for staff share plans. Escrow agent We provide escrow services for a diverse range of transactions. This means we hold property on your behalf during a transaction or following a dispute. Property can include real estate but can also extend to cash, shares, physical assets, intellectual property and documents. 4

7 AET Corporate Trust Services Structured finance and securitisation trustee services Structured finance We are experienced in acting as security trustee and/or a facility agent on behalf of secured creditors and/or beneficiaries for debt financing structures, such as infrastructure transactions, or as an independent party holding security on behalf of a number of secured creditors. Our services include: holding security on behalf of secured creditors including note holders, corporate lenders and banks maintaining bond holder and lender registers obtaining consent from the secured creditors executing documents required to release or obtain security responding to instructions from the secured creditors and/or beneficiaries enforcing security on directions from the secured creditors and/or beneficiaries acting as facility agent maintaining bank accounts for the receipt and payment of funds. Securitisation The roles that we perform in relation to securitisation and structured finance transactions include: Processing agent We act as the service address for foreign issuers in the Australian market. Note trustee We have extensive experience in acting as trustee for retail or wholesale note issues and our services include: holding security on behalf of note holders negotiating and executing transaction documents and amendments attending meetings of note holders reviewing quarterly reports reviewing annual financial reports. Clearing house membership and document storage We are participants of Austraclear, CHESS and Clearstream (global custody clearing system). We also have direct banking facilities with major Australian financial institutions. All security documents are stored in a secure document custody facility at our Sydney office, with restricted access to authorised staff only. trustee for securitisation programs security trustee, holding security interests over the assets of the issuer issuing and paying agent ownership trustee guarantee trustee for credit wrapped transactions custodian for security and transaction documents calculation agent registrar lender of record. We have built our business by being commercial and responsive 5

8 Our team We provide our clients with a superior level of service from an experienced, capable and professional team. Stuart Howard Head of Corporate Trust Stuart joined AET in December 2004, having worked for JP Morgan Trust Australia (and Guardian Trust, prior to its acquisition). He has over 21 years experience in corporate trusts and, during that time has been responsible for client administration, deal negotiation and operations management. Stuart is responsible for managing the Corporate Trust business, including growing and maintaining relationships with clients and services providers and deal negotiation. He has extensive experience in a wide range of products, including structured finance, securitisation transactions, managed investment schemes and retail note issues. Glenn White Senior Manager Business Development Glenn is an experienced financial service professional having worked in the trustee, custody and funds management industries for over 25 years. He has extensive experience in trustee, custody, risk and compliance for corporate trusts, debt capital market transactions, managed investment schemes and superannuation funds. In his current role, Glenn is responsible for building and maintaining relationships with clients, service providers and key industry contacts. He facilitates deal negotiations and new business for structured finance, securitisation and debt capital market transactions, custody and escrow arrangements as well as trustee services for staff share schemes and retail and wholesale note issues. Before joining AET, Glenn worked for NAB Asset Servicing, managing master custody clients including institutional investment managers, back office administrators and superannuation funds. Prior to this, he worked with MLC and also National Australia Trustees, managing their corporate trust department. Yvonne Kelaher Senior Relationship Manager Yvonne has worked in the AET Corporate Trust business for over 13 years. In her current role, Yvonne is responsible for building and maintaining client relationships, deal negotiation and implementing new business for structured finance and securitisation transactions, as well as retail and wholesale note issues. Yvonne provides transactional management services to other areas of the Corporate Trust business and has been involved in key regulatory change projects. She has extensive experience with managed investment schemes and in her previous role she managed the equity, fixed income, private equity and mortgage portfolio of clients for the business. Prior to joining AET in 2001, Yvonne worked at State Street Bank s, Global Custody division and Westpac Bank s Nostro division. Jo Cochrane Manager, Business Services As Manager, Business Services, Jo is responsible for the centralised management and oversight of administrative tasks for the Corporate Trust business. This includes developing and implementing new processes to achieve industry best practice and ensuring adherence to compliance and risk obligations. Jo is also responsible for project management, IT infrastructure liaison and banking relationships with Corporate Trust. Jo joined AET in August 2004 and in her previous role as Relationship Manager she was responsible for building and maintaining client relationships and implementing new business for property clients. Prior to joining AET, Jo spent four years working in the property custody area at Guardian Trust and JP Morgan Trust Australia. Leanne Clark Senior Finance Manager As Senior Finance Manager, Leanne is responsible for accounting and tax services, management reporting, company secretarial compliance as well as the analysis of financial reports for Corporate Trust. Leanne has over 25 years experience in financial services, ten of which have been with AET. 6

9 AET Corporate Trust Services Kerry Ngai Relationship Manager Kerry joined AET in September 2008 having worked with Link Market Services Limited and Macquarie Bank, specialising in treasury operations and wrap services. Kerry is responsible for building and maintaining client relationships and implementing new business for equity, fixed interest, fund of funds and staff share plans. Annette Rehayem Relationship Manager Annette is responsible for building and maintaining relationships and implementing new business for property funds, mortgage funds, agricultural funds, document custody, escrow arrangements and retirement villages. Prior to joining AET in July 2011, Annette worked with Perpetual Trustees as a private client adviser in fiduciary services and with Grant Thornton in their private wealth division. Marjorie Hortinela Relationship Manager Fides Divina Relationship Manager Fides primary focus is to build and maintain good working relationships with structured finance and securitisation (SFAS) clients and their intermediaries. She is responsible for managing SFAS clients working with debt products, in particular deal structure, negotiations and overseeing daily operational services. Fides joined AET in September 2011, having worked with JP Morgan Trust Australia and BNY Mellon as a relationship manager within the corporate trust division. Pina Spathis Relationship Manager In her current role, Pina is responsible for building and managing client relationships between AET and private equity, retirement village and funeral fund clients. Pina has extensive experience in corporate trust, having worked within the corporate trust divisions of trustee companies for over 25 years. Her previous positions have included compliance manager, account manager, office manager and assistant operations manager. Marjorie brings a substantial amount of experience to the AET Corporate Trust team, having previously worked as a senior associate and relationship manager at the corporate trust division of The Bank of New York Mellon for over five years, and prior to that with Trust Company of Australia and Permanent Trustee Company Limited. Just prior to joining AET in March 2013, Marjorie also worked at BNP Paribas Securities Services as a senior fund administrator in their asset and fund services area in charge of servicing various wholesale and retail clients through their unit registry team. In her current role, Marjorie is responsible for structured finance and securitisation (SFAS) clients with a focus primarily on building and maintaining good working relationships while overseeing the provision of daily operational services to those clients. Superior service delivery from an experienced, capable team 7

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11 Contact us Australian Executor Trustees Limited Registered address The Bond Level 3, 30 Hickson Road Millers Point NSW 2000 Postal address Locked Bag 4010 Queen Victoria Building NSW 1230 Website Telephone Fax

12 Australian Executor Trustees Limited ABN AFSL Part of the IOOF group. The information contained herein is of a general nature and does not constitute financial product advice. TRA