At Eric Sturdza Investments the health and safety of our employees, clients and business partners is a key priority. We are closely monitoring the COVID-19 (Coronavirus) outbreak and will ensure all relevant and necessary precautions to ensure the well-being of all stakeholders are implemented.
As a group, Eric Sturdza Investments and associated group entities operate in multiple jurisdictions. Accordingly we are actively assessing the evolving situation at a country level and ensuring robust Business Continuity Plans (BCP) are in place and tailored to specific entities. At a high level, infrastructure is in place and has been tested to ensure operations can continue on a remote basis, and all non essential travel has been postponed. Employee’s personal travel is also being monitored, should individuals elect to travel they will be required on their return to adhere to the latest government guidance, including self isolation if required.
E.I. Sturdza Strategic Management Limited (“EISSML”) as the Investment Manager to the EI Sturdza Funds plc is based in Guernsey. To date there has only been one confirmed case of the COVID-19 within the island, as such the business continues to operate on a “business as usual basis” as at the time of this release. EISSML has undertaken additional testing around its BCP plan, testing remote access to all key systems. EISSML has a back up disaster recovery location available, which can be used should it be deemed necessary and staff will, should the situation evolve and warrant it, work on a decentralised basis.
Part of Eric Sturdza Investments’ business model focusses on the outsourcing of various business functions, including the investment advisory role and administration and depositary functions associated with our Fund range. As part of our assessment, we have engaged with all our service providers. Within the appointed investment advisers to our funds, all have confirmed that they continue to operate on a business as usual basis at this time and that they have assessed their own BCP plans and tested remote access to servers in support of offsite operation if necessary.
Both BNY Mellon, as the Depositary to the EI Sturdza Funds plc and SS&C as the Fund Administrator have confirmed that they have full BCP and incident response strategies in place, ensuring that they will be able to continue providing a full service to all their clients, including the Funds. They are taking prudent measures, rotating staff and leveraging their full network and digital capabilities to ensure that they can continue to service client needs.
Eric Sturdza Investments will continue to monitor the ever-evolving COVID-19 outbreak and will reassess its operating model on a daily basis until such time as the situation normalises.
Latest update on COVID-19 is available here: COVID-19 Update, 25 March 2020.
Further updates with regards to Eric Sturdza Investments’ response to the COVID-19 will be provided via our website: ericsturdza.com