Sempione SIM (Società di intermediazione mobiliare) SpA

from Annual Report 2016

Report of the statutory auditor on the consolidated financial statements

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.

Sempione SIM SpA also aims to be a major independent advisor: based on the Mifid-compliant “Feeonly4you” advisory platform, it can support clients who want to place their assets with one or more banks, professionally and independently guiding them in their investment decisions.

Sempione SIM SpA has also proven itself as a counterparty in the distribution of BASE INVESTMENT Luxembourg SICAV products in Italy, approved for sale by Italian authorities.

In order to build on the relationship with its clientele and satisfy their increasingly sophisticated needs, Sempione SIM SpA has established a Corporate Investment Banking (CIB) team that boasts long-standing experience in financial consulting and in the definition of transactions of key interest to entrepreneurs.

Efficiency, professionalism and independence are the characteristics valued by Clients in dealing with the company’s experts, ready to create tailor-made solutions to ensure optimal satisfaction.

Sempione SIM SpA knows how important values like trust are in the management of significant positions for the company and of the entrepreneur’s portfolio. The CIB division aims to forge long-term relationships with its clients, supporting them in any and all requirements that may arise in the operation of a complex and organised business.

Sempione SIM SpA CIB predominantly operates in three areas: consulting in extraordinary finance projects regarding the company; analysis, definition and finalisation of merger and acquisition transactions; listing of financial instruments on the market (i.e., IPOs and mini-bonds) for small and medium-sized enterprises (SME).

Moreover, through its Corporate Investment Banking Division, Sempione SIM SpA provides assistance to its clients by satisfying their main financial requirements: from the issuance of fairness opinions and valuation of investments in the area of extraordinary finance transactions (M&A, tender offers and IPOs), to the construction and approval of Business Plans and preparation of strategic and debt restructuring plans

Customisation

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

Professionalism

Sempione SIM SpA provides its clients with products and services managed by industry professionals who constantly seek opportunities on international markets and highly diversified investments. Without prejudice to these general principles, in light of financial market difficulties, the company attaches significant importance to currency trading which also is a distinct business in the Italian financial industry.

Research

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

Safety

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