UBA T r uste e s’ r ole In RE IT s A pr e se ntation at the Apr il 2008 Goldman Asse ts RE IT Se minar title d “RE IT , the ne xt big thing be yond oil”.
About UBA Trustees •T he L e a ding Co rpo ra te T ruste e - T ruste e to fina nc ing a rra ng e me nts in e xc e ss o f N460 b illio n •A sub sidia ry o f Afric a ’ s Glo b a l Ba nk, UBA Plc •Ove r 4 de c a de s o f e xc e lle nt T rust se rvic e s •Re nde re d b y a c o re te a m with o ve r 5o ye a rs a g g re g a te re le va nt e xpe rie nc e •Ha ve c le a r le a de rship in skills, te c hno lo g y, b usine ss size a nd pe dig re e •Co -spo nso r o f this e ve nt a nd ma ny o the r re le va nt fina nc ia l se mina rs.
WHAT WE DO UBA T ruste e s L imite d is a Co rpo ra te T ruste e , this me a ns tha t we pro te c t inve sto rs, mo nito r o b lig a tio ns, ho ld funds, se c urity, do c ume nts, rig hts, sha re s, a nd o the r a sse ts a nd a c t g e ne ra lly o n b e ha lf o f b e ne fic ia rie s o f fina nc ia l tra nsa c tio ns. We a re invo lve d in a hug e ra ng e o f Mo ne y a nd Ca pita l Ma rke t tra nsa c tio ns (wo rth o ve r 460 b illio n na ira ) a nd o c c upy a c ritic a l a nd inde pe nde nt ro le in ma ny c o rpo ra te fina nc e , inve stme nt b a nking a nd a sse t ma na g e me nt tra nsa c tio ns.
OUR SE RVICE OF F E RINGS Public T r usts T his c o ve rs a who le ra ng e o f trust se rvic e s to Go ve rnme nts a nd Pub lic I ssue rs suc h a s Sta te Go ve rnme nts a nd I ssue rs o f Pub lic De b t & Hyb rid instrume nts. Suc h se rvic e s inc lude Pub lic F unds T ruste e ship, Ce ntra l Co lle c tio n Ac c o unts, Bo nd T ruste e ship, Pub lic Pro je c ts a nd De ve lo pme nt fina nc e , T ruste e ship o f Mutua l F unds, SPV Administra tio n, Se c urity T ruste e ship, a nd o the r simila r se rvic e s to Pub lic Ag e nc ie s. Our c lie nte le inc lude s the F e de ra l Go ve rnme nt AND 6 Sta te Go ve rnme nts.
OUR PRODUCT S & SE RVICE S Corpora te T rusts T rust se rvic e s to c o rpo ra te e ntitie s, inc luding fo re ig n a nd do me stic le nde rs / inve sto rs, I ssue rs o f de b t & hyb rid instrume nts. Suc h se rvic e s inc lude I nve sto r Pro te c tio n, Bo nd T ruste e ship, Se c urity T rusts, De b e nture T rusts a nd simila r se rvic e s. I t inc lude s se rvic e s to priva te a nd pub lic funds, Re a l E sta te I nve stme nt SPVs a nd Re a l E sta te I nve stme nt T rusts (RE I T s). Priva te T rusts/ E sta te Pla nning Se rvic e s de sig ne d to ma ke e ffe c tive , e nduring a nd stre ss fre e a rra ng e me nts fo r de pe nda nts, a nd in the dispo sa l a nd o rde rly distrib utio n o f c lie nt’ s a sse ts.
ROL E OF T RUST E E IN RE IT S An inde pe nde nt a nd impa rtia l third pa rty pla ying a ke y role AND c ha rg e d with prote c ting / bridg ing the inte re sts of Unit holde rs a nd F und Ma na g e rs. T he c o nc e pt o f trust e na b le s the truste e to b e the le g a l o wne r o f the RE I T ’ s a sse ts b ut ho ld the m ‘ o n trust’ fo r the Unit ho lde rs, the re a l b e ne fic ia rie s who a c tua lly re c e ive the b e ne fits fro m the inve stme nts o f the F und.
SPE CIF IC ROL E OF T RUST E E S IN RE IT S � Custo dy o f funds a nd do c ume nts re la ting to the inve stme nts / a sse ts o f the T rust � Pro te c ting the Asse ts o f the T rust a g a inst je o pa rdy � Appro va l o f I nve stme nts o f the T rust � Mo nito ring c o mplia nc e b y the F und Ma na g e r with I SA, T I A a nd SE C re g ula tio ns a nd T rust De e d pro visio ns � Mo nito ring the re nditio n o f re q uisite re g ula to ry re turns a nd re po rts b y the F und Ma na g e r. � Mo nito ring the re g iste r o f Unit ho lde rs � Ca lling a nd pre siding o ve r me e ting s o f Unit ho lde rs � Gra nting re q uisite a ppro va ls a nd e xe rc ising disc re tio ns a s ma y b e re q uire d o n b e ha lf o f unit ho lde rs o n no n-ma te ria l c ha ng e s in T rust De e d te rms to a c c o mmo da te sub se q ue nt c ha ng e s in c irc umsta nc e s o r in the la w.
BE NE F IT S F ROM ROL E OF T RUST E E S IN RE IT S � Re g ula to ry c o mplia nc e � I nspire I nve sto r c o nfide nc e � Re nde r a dministra tive suppo rt � Pro te c ting the Asse ts o f the T rust a g a inst je o pa rdy � E nha nc e tra nspa re nc y � I nde pe nde nt re po rting to Re g ula to rs a nd I nve sto rs � Ge ne ra lly impro ve g o ve rna nc e sta nda rds
VAL UE ADDING CAPABIL IT IE S OF UBA T RUST E E S � SPV OWNE RSHI P � Dire c to rship o f SPV � F ull a dministra tive se rvic e s, inc luding re g iste re d a ddre ss, a ssig ne d re spo nsib ility Offic e rs, c o rre spo nde nc e ha ndling e tc � Ac c e ss to e xte nsive UBA ne two rk a nd re mitta nc e c a pa b ilitie s, do me stic a nd inte rna tio na l � Supe rio r te c hno lo g y � Ha nds o n e xpe rtise fro m simila r o ffe ring s � E xpo sure fro m le a ding T ruste e ro le in RE I T se mina rs, wo rksho ps a nd the SE C RE I T study to ur to Sing a po re � Supe rio r pa yme nt so lutio ns/ pa ying a g e nc y c a pa b ility.
OT HE R CORPORAT E SE RVICE S Se c re ta ria l Se rvic e s inc lude :- • Provide c ompe te nt • c o mpa ny se c re ta ria l a dvic e c ompa ny dir e c tor s for • ma inte na nc e o f sta tuto ry b o o ks spe c ial pur pose ve hic le s • a re g iste re d o ffic e a ddre ss (SPVs) a nd othe r e ntitie s. • a rra ng ing a nd do c ume nting • Compa ny se c re ta ria l AGMs support se rvic e s for priva te • pre pa ra tio n o f e le c tive a nd spe c ia lize d re so lutio ns or public limite d c ompanie s • me e ting a dministra tio n inc luding SPVs (inc luding a g e nda c irc ula tio n, me e ting a tte nda nc e a nd minute pre pa ra tio n). T he se se rvic e s a re a va ila b le Anc illa ry ro le s, suc h a s ho lding ha re / lo a n no te re g iste rs, whe the r o r no t UBA T ruste e s pa rtic ipa ting in de a dlo c k is invo lve d in the tra nsa c tio n c o mpa ny a rra ng e me nts, a nd a s truste e ho lding a nd e xe rc ising the rig hts o f spe c ia l sha re s (suc h a s "g o lde n”, sha re s, o r b lo c king sha re s).
Contac t Pe r sons F o r furthe r info rma tio n, ple a se c o nta c t any o f the fo llo wing : - Oluwa to yin Sanni - < sanni.o luwato yin@ubagro up.c o m> Ade nike Aja yi - < to kunbo .ajayi@ubagro up.c o m.> F unmila yo E kunda yo -< e kundayo .funmilayo @ubagro up.c o m > o r write to : - UBA T ruste e s L imite d Abuja Offic e : 2 nd F 18, Ade mo la Ade to kunb o Cre sc e nt, (2 nd lo o r, UBA Ho use , F lo o r), 57, Ma rina , L a g o s Wuse 2, T e l: (01) 2642265/ 2715749 Ab uja. T e l: 08037870683, 08051353946 F ax: (01) 2713820
Recommend
More recommend
