The purpose of the company is to provide administrative services to customers in Switzerland and abroad, as well as to the companies of the Partners Capital Group, including marketing, research, administrative support, and consulting services. The company will not engage in activities that require authorization from the Swiss Financial Market Supervisory Authority (FINMA). The company may enter into any transactions and conclude any contracts that are suitable for promoting the purpose of the company or that are directly or indirectly related thereto. The company may establish branches and subsidiaries in Switzerland and abroad and hold participations in other companies. The company may acquire, hold, encumber with limited real rights, manage, and dispose of real estate in Switzerland (only with exclusively commercial use) and abroad. The company may grant loans or other financing to its direct or indirect parent companies, their or their direct or indirect subsidiary companies, or third parties, and provide securities of any kind for the liabilities of such other companies, including by way of pledges on or fiduciary transfers of the company's assets or guarantees and personal securities of any kind, whether for consideration or not.