Independent Investment Management

With respect to investment management, where there are active portfolios, Codan Trust will seek to appoint and employ professional investment managers since Codan Trust does not hold itself out as having investment management expertise. Codan Trust has long-standing relationships with many well established international investment firms in the major financial centres and, taking into account the wishes of the settlor, and where appropriate under the trust deed, will choose the appropriate investment manager and set investment guidelines suitable to the objectives of the trust. In such a case, Codan Trust will be mostly concerned with reviewing regular investment reports and monitoring the investment performance of the managers.