The company aims to carry out the following activities without requiring approval: (a) provision of financial services (with the exception of commercial asset management) as well as (b) offering financial instruments as defined in the Swiss Financial Services Act (FIDLEG). The company may establish branches and subsidiaries in Switzerland and abroad and may participate in other companies in Switzerland and abroad as well as conduct all business that is directly or indirectly related to its purpose. The company may acquire, encumber, dispose of, and manage real property in Switzerland and abroad. It may also provide financing for its own account or for the account of others as well as provide guarantees and sureties for subsidiaries and third parties.