Page 26 - Transforming To Stay Successful

INTERNALIZING ASSET
MANAGEMENT

A more cost-effective model in which we manage more X Internal asset management
assets in-house — a much longer-term initiative that
X Direct investments
aligns with our clients’ decision to increase their allocation
to illiquids.

IT’S ALL CONNECTED

INTERNALIZING EXPANDING & DIVERSIFYING
ASSET MANAGEMENT INVESTMENT STRATEGIES

STRENGTHENING THE BASE

SKILLS & DATA
CULTURE TECHNOLOGY GOVERNANCE
EXPERTISE REQUIREMENTS

Strategy two, Strengthening the Base sets the foundation for our new business and investment model, which requires
highly-skilled and talented professionals using quality data and best-in-class technology, who follow processes aligned
with industry best practices. Strengthening the Base also addresses our culture and the governance of our operations.

26 THE STRATEGIES THAT DRIVE OUR TRANSFORMATION