Leadership Change - Syz Bank has appointed Nicolas Syz as the next CEO, effective from February 1, 2026, succeeding Yvan Gaillard [1] - Nicolas Syz has been with the bank for nine years, holding various positions including leadership of wealth management operations [1] Leadership Approach - Nicolas Syz emphasizes a leadership style focused on proximity, maintaining close relationships with clients and teams, as trust in private banking is built through personal interactions [2] - He plans to continue meeting personally with clients, entrepreneurs, families, and independent asset managers [2] Strategic Ambitions - The bank aims to be the Swiss private bank of choice by focusing on client needs and providing solutions that align with their long-term goals [3] - Philippe Turrian will become the sole head of wealth management, having previously shared responsibilities [3] Milestone and Future Commitment - The leadership change coincides with the bank's 30th anniversary, marking a commitment to wealth management with a focus on human care and family values [4] - Eric Syz highlighted the importance of combining innovation with timeless values as the bank enters its fourth decade [4] Recent Hires - The bank has made several front-office hires, including James Morton as UK lead and senior banker in Zurich, and Patrick Robadey in the external asset managers unit [5] - Alexander Metzger has been appointed as the lead for digital assets in Geneva [5]

Core Insights - HSBC has appointed Ida Liu, a former Citigroup executive, as the new CEO of its private bank, effective January 5, following her resignation from Citi where she oversaw its private banking division [1][3] - Liu's primary responsibilities will include accelerating the growth of the private bank, increasing business with ultra high net worth clients, and enhancing cross-border connectivity in key wealth corridors [2][5] - HSBC aims to double its assets under management in the UK to $135 billion by 2028, indicating a strong growth strategy in the private banking sector [2][5] Leadership Transition - Liu will succeed Gabriel Castello, who has been serving as interim CEO since the departure of Annabel Spring late last year [3] - The appointment reflects HSBC's ambition to strengthen its private banking services for sophisticated entrepreneurs and families [3] Industry Context - Liu has been an influential figure in wealth management, advocating for women in finance and discussing the significant intergenerational wealth transfer expected to reach $31 trillion [4] - She emphasizes the need for private banking to adapt to the evolving needs of global, entrepreneurial, and multi-generational clients [4]

Socioeconomic Challenges - The presentation addresses the broken promises to younger generations regarding financial stability and homeownership, leading to widespread uncertainty [3][4][5] - Real estate values have increased significantly (e.g., houses from $100,000 to $500,000, apartments from $30,000 to $100,000), while salaries have not kept pace, making housing unaffordable [7][8] - In Quito and Guayaquil, the average salary can afford less than 1 square meter of property, highlighting the difficulty of purchasing homes [10] - Only 11% of individuals under 35 in Latin America can access mortgage loans, limiting homeownership opportunities [15] - The cost of raising a child from 0 to 18 years is estimated between $150,000 to $300,000, making parenthood a high-risk decision [17] Demographic Shifts - Ecuador's population is aging, with a projected shift in 2050 towards a larger older population and a smaller younger base, impacting social security [19][20] - The fertility rate in Latin America in 2023 was 69% lower than in 1960, indicating a significant decline in the number of children per family [21] - 72% of millennials prefer having pets over children, reflecting changing priorities and economic realities [22] Labor Market Dynamics - 43% of young people in Latin America work in the informal sector, lacking job security and access to credit [28] - The rise of artificial intelligence poses a threat to white-collar jobs, potentially increasing unemployment [24][25][26] Generational Wealth and Social Issues - Millennials have 20% less wealth than boomers, partly due to the dilution of inherited wealth [30][31] - One in four young people in Latin America reports symptoms of anxiety and depression, linked to societal failures and economic pressures [35] Call to Action - The presentation emphasizes the need for collective action to rewrite the social contract and create a more equitable world for future generations [40][41][42]

[Music] Hello everyone. Um, my name is Baku. I'm a visual artist living and working in Hanoi.Full disclosure, I have never stood before this many people and deliver a speech. So when I first got invited, the first reaction was like, "Shit, that's not me." So yeah, so I I um I drafted a response to to say that um thank you, but no thank you. But then it occurred to me that well maybe maybe I should just confront your fe my fear and take this opportunity.And that's why I'm here today. So for nearly 10 years, ...

Financial Data and Key Metrics Changes - Revenue increased by 21% to $49.4 million, exceeding guidance of 15-20% [6][8] - Underlying EBITDA margin decreased slightly to 24% from 25% in the previous year, while underlying EBITDA rose by 17% [8][25] - Reported EBITDA surged by 39% to $10.6 million, and reported EPS increased by 37% to $1.87 per share [8][20] - Net profit after tax and amortization grew by 42% to $5.9 million, with net profit after tax up 59% [8][20] - Total dividends for the year increased by 4% to $1.66 per share, with a final dividend up 5% to $0.89 per share [9][29] Business Line Data and Key Metrics Changes - Wealth segment revenue grew by 38%, while business segment revenue increased by 7% [20][22] - Self-Managed Superannuation Fund (SMSF) revenue rose by 19%, recovering from a decline in the previous year [22] - Accounting division revenue increased by 11%, while capital revenue remained flat [22] Market Data and Key Metrics Changes - Funds under management increased by 58%, partly due to the Lincoln acquisition, adding $600 million [9][10] - The number of high net worth investors grew by 3,300, significantly expanding the client base [10][16] Company Strategy and Development Direction - The company aims to achieve $100 million in revenue by FY 2028 to FY 2030, with a focus on both organic and acquisition-driven growth [34][63] - Emphasis on technology integration, including a full technology review and implementation of a group-wide CRM system [14][60] - The strategy includes deep integration of acquired businesses to enhance service offerings and client engagement [64][70] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving growth targets, citing a strong pipeline of acquisition opportunities and a favorable operating environment [34][47] - The company is focused on addressing working capital issues, with a goal to reduce excess tied-up capital [28][72] - Management highlighted the importance of a balanced approach to capital allocation, ensuring continued dividend payments while pursuing growth [57][72] Other Important Information - The company has maintained a modest debt level at 1.3 times underlying EBITDA, indicating strong financial health [8][27] - A significant focus on intergenerational wealth transfer and alternative asset management as key growth areas [17][18] Q&A Session Summary Question: How confident is the company in achieving the $100 million revenue target? - Management expressed strong confidence based on past performance and current growth trajectory, with organic growth settling between 6-10% and two-thirds of growth expected from acquisitions [34][36] Question: Can you provide a breakdown of organic and inorganic growth? - Revenue growth was 21%, with approximately 7% from organic growth and 14% from acquisitions, including a two-month contribution from Lincoln indicators [37][39] Question: What were the key drivers behind the reported EBITDA increase? - The reduction in non-recurring items significantly contributed to the improvement, with non-recurring costs halving compared to the previous year [41][44] Question: How are the recent acquisitions performing? - Acquisitions are performing well, with strong integration and cross-referrals contributing to overall business growth [45][46] Question: What is the outlook for FY '26? - Guidance will be provided at the AGM, but management anticipates continued growth and opportunities in the market [47][48] Question: How does the company plan to fund future acquisitions? - The company has a Westpac facility in place and typically issues 20-50% of acquisition consideration in shares, maintaining a business owner mindset [54][55] Question: How does the company view AI's impact on revenue streams? - AI is seen as both an opportunity and a challenge, with a focus on enhancing client service through technology while maintaining a human touch [59][61]

Full Year 2025 (FY25) Results Presentation 26 August 2025 For personal use only How We Do It OneConnected team - Building scale and capability organically and via acquisition Who We Are For personal use only 2 2 Accounting & Business Advisory Alternative Funding Consulting Employee Share Plan Administration & Management Corporate Finance, M&A & Corporate Development Investment Research & Retail Managed Funds/Solutions SMSF Advice & Administration Property Asset Management Alternative Asset Management Strate ...