SBICAP Trustee Company Ltd (SBICTCL) Launches ‘Trustee Enterprise Management System’

SBICAP Trustee Company Limited (SBICTCL), a wholly owned subsidiary of SBI Capital Markets Limited (SBICAP) – the Investment Banking subsidiary of India’s largest public sector bank, State Bank of India (SBI), today launched its ‘Trustee Enterprise Management System’ - an integrated system to address all the trustee related operations. SBICTCL thus becomes the first and only Trustee Company in India to have full automation across all trustee related operations.

The Trustee Enterprise Management System was launched in Mumbai by Smt. Arundhati Bhattacharya – Chairman, State Bank of India in the presence of Directors of SBI namely Shri Pradeep Kumar- MD & GE(CB), Shri V.G. Kannan – MD & GE (A&S), Shri B. Sriram MD & GE (NB), Shri Rajnish Kumar- MD Compliance & Risk, SBI, Shri Praveen Gupta – MD & CEO, SBI Capital Markets Ltd, Shri Abhay Chaudhari – President & COO, Capital Markets Ltd & Shri V Muralidharan - CEO & Whole Time Director, SBICTCL, amongst a host of other dignitaries and management representatives from SBI.

Some of the salient features of the ‘Trustee Enterprise Management System’ are as listed below:

- Integrated System to address all the trustee related operations which includes

• Relationship management

• Client Accounts/Mandate management

• Document management

• Quick search with low bandwidth utility management

• Alerts management

• All accounting modules including HRMS

- High Capacity built up at a lower cost

- Document compression technology – bandwidth optimisation

- High level of security for storage, retrieval, document viewing as well as ease of operations to users

- Only Trustee company in India to have fully integrated enterprise management modules

Commenting on the occasion, Smt. Arundhati Bhattacharya, Chairman, SBI said “SBICAP Trustee Company Ltd has been at the forefront of innovation and customer delivery in the trustee management space and is one of the leading companies in the industry. We are extremely delighted to be introducing this new system, which takes SBICTCL a notch above its competition and offers its customers the best available service and technology. This initiative is another step in demonstrating the State Bank of India’s values and strengthening the brand lineage”.

Adding to the above, Shri V.G. Kannan – MD & GE (A&S), SBI, said “SBICTCL has been a consistent performer with an impressive growth trajectory, driven by a passionate team that seeks to offer maximum value to its clients. The launch of this Trustee Enterprise Management System is yet another demonstration of SBICTCL’s ability to leverage technology to stay ahead of the competition and offer innovative, value added services structured on the needs of customers and market dynamics”.

Shri V Muralidharan - CEO & Whole Time Director, SBICTCL elucidated “This fully automated trustee management system with a three pillar strategy of enhancing customer value, enhancing internal efficiency and review on compliances, will ensure that our services and duties are efficient and timely delivered. Our passion to serve our clients is vindicated by the strong growth that SBICTCL has witnessed in a short period of time and this is yet another milestone in the company’s journey towards being the number one trustee company in India and the preferred trustee in global markets”.

About SBICAP Trustee Company Ltd (SBICTCL):

SBICTCL is a wholly owned subsidiary of SBI Capital Markets Limited. Incorporated on December 28, 2005, the Company commenced its operations from November 01, 2008. SBICTCL is also registered with the Securities Exchange Board of India (SEBI) as a Debenture Trustee, commencing its Debenture Trustee operations from October 07, 2010 onwards. The Company is engaged in trusteeship business and acts as Security Trustee, Debenture Trustee, Escrow Trustee etc. The Company, started with an initial capital of Rs 5 lakhs and with a current net worth of Rs 40 crores, has witnessed a spurt in grown over the past few years as demonstrated by the performance graph below:

SBICTCL offers the best trusteeship services in the domestic market and aims to be the number one trustee company in domestic market and the preferred trustee in global markets. In addition to trusteeship services, SBICTCL offers Online and Offline WILL services including issuing and management of WILL with strict transparency & confidentiality in all transactions.

(Photographs of the inauguration of the system on 1^st July)