LMF & Partners SIM SpA

from Annual Report 2009

Notes to the annual consolidated financial statements

LMF & Partners SIM SpA, based in Milan, became part of the Banca del Sempione Group in 2009.

A subsidiary of Banca del Sempione SA, the company is active in asset management, investment advisory, and securities brokerage in general. It is geared towards clients who demand proven asset management skill based on the principles of reliability and common sense, typical of all Banca del Sempione Group companies.

Mission

LMF & Partners SIM SpA provides management of assets entrusted to it customised to each clients’ changing needs and preferences, together with their expectations and appropriate margin of risk agreed to beforehand.

Features

Customisation

Customisation means continuously interacting with the client, through direct contact, pursuing the development of investment decisions so that that they are consistent with expectations.

Professionalism

LMF & Partners SIMSpAoffers its clients a staff of managers with many years of experience who, through a series of national and international contacts, are capable of taking advantage of the best opportunities in the various regulated markets.

Research

Management, advisory and order taking are appropriately aided by sources of recognised skill at the national and international level and by coordinated in-house analysis that independently evaluates management decisions, favouring dynamic, innovative, and transparent trading.

Safety

Through a series of agreements with top banks, LMF & Partners SIMSpAguarantees its clients clear separation between client assets deposited in trading accounts and assets under management by the SIM by virtue of mandates received.

Asset management, asset administration, and financial advisory are the services that LMF & Partners SIMSpA offers to those who seek an independent, professional and flexible company for their savings.