The purpose of the company is to operate a bank with an international orientation. Within the framework of this objective, the bank's activities extend in particular to the following business areas: 1. Passive business in all customary banking forms, excluding savings deposits; 2. Active business in all customary banking forms; 3. Foreign exchange and precious metal trading for own and third-party accounts; 4. Securities management and trading business for own and third-party accounts, including investments in foreign securities; 5. Asset management and investment advice, including advice on the purchase and sale of works of art; 6. Establishment of investment funds and provision of all customary banking and financial services; 7. Guarantee business and letters of credit; 8. Issuance business, including participation in syndicates; 9. Execution of all customary trust business; 10. Custody of securities and valuables of all kinds; 11. Provision of services to support the banking and asset management business of companies within the Schroders Group. The company may also acquire, manage and sell participations and real estate, establish, represent and advise companies, and conduct all business that is suitable for achieving the company's purpose. The company may establish branches and subsidiaries as well as representations in Switzerland and abroad.