The
investment process is based on strict and disciplined standards.
An
investment Board, consisting of an international team of professionals,
meets regularly and determines the investment strategy based
on capital flows, monetary and fiscal policies as well as
the economic and fiscal outlook. It then decides on the bank's
strategic Asset Allocation and sector weightings. The preferred
list of securities is analysed in detail and discussed regularly
between members of the bank and external advisers.
The
Investment Manager is first responsible in understanding the
client's personal investment requirements and setting his
strategy. He will then tailor the bank's strategic Asset Allocation
on the latter. He will finally create the client's individual
portfolio by selecting the most appropriate securities on
his behalf, which may or may not be in the preferred list of
securities. He may however only diverge from the bank's position
when in the client's best interest. The client may naturally
decide his role in the process and may take a more or less
proactive stance as he thinks fit.
BiBT's
typical investment process :
