Arabesque Group – Privacy Policy
In accordance with its obligations under the General Data Protection Regulation („GDPR„), the Data Protection Act 2018 (the “DPA”), and other applicable data protection laws and regulations, (collectively hereinafter the “Data Laws”) the Arabesque group of companies (hereinafter the “Arabesque Group”, “we”, “us” or “our”) set forth herein its Privacy Policy (the „Policy„) to describe how we hold your data and/or information and what your data and information is used for in connection with the services and products that we offer and provide. This Policy applies to data and information that we collect when you use www.arabesque.com and any other websites, mobile applications, and/or services (“Website”) that refer to this Policy.
The Arabesque Group is committed to protecting and respecting your private data and information. Accordingly, this Policy sets out the basis upon which any personal data and information that the Arabesque Group collects from you, or that you provide to the Arabesque Group, will be processed by us. Reference to the Arabesque Group herein refers to the following group entities all of which are subsidiary undertakings of Arabesque Asset Management Holding Limited: Arabesque Asset Management Limited & Arabesque AI Limited (all of 43 Grosvenor Street, London, W1K 3HL, United Kingdom); Arabesque S-Ray GmbH & Arabesque Asset Management GmbH (both of: 15 Zeppelinallee, Frankfurt am Main, 60325 Germany); Arabesque Asset Management USA, Inc. & Arabesque S-Ray GmbH, Inc. (both of 251 Little Falls Drive, City of Wilmington, County of New Castle, Delaware 19808-1674, USA); and Arabesque Singapore Pte. Limited (of 9 Battery Road, #15-01 MYP Centre, Singapore 049910).
- Who are we and what do we do?
The Arabesque Group consists of three core operational divisions: asset management, S-Ray® and artificial intelligence. In conducting its activities, the Arabesque Group collects personal data and information from the following types of people in order to enable the Arabesque Group to offer and provide our services:
- Investors and potential investors in collective investment schemes and/or managed accounts for which we act as investment manager;
- Fund distributors and other business partners (e.g. local paying agents, fund trading platforms, consultants);
- Clients and prospective clients to which we provide S-Ray® environmental, social and governance data (“ESG Data”);
- Clients and prospective clients to which we provide artificial intelligence products and services;
- Supplier and vendor contacts to support the services that we provide; and
- Employees, consultants, temporary workers and potential employees.
- Information you give to us or we collect about you
This includes any data and information about yourself that you give to the Arabesque Group in connection with the provision of our services and/or by corresponding with us by telephone, email, in writing or otherwise.
It can include data and information that you provide to us when you enquire about, or invest in, a collective investment scheme for which we act as investment manager, subscribe to our mailing lists and/or attend events or meetings organised by us in connection with our asset management activities. It includes information that you provide to us when you appoint us as the investment manager of your managed account. It includes information that you provide to the Arabesque Group when you enquire about, or subscribe to, a S-Ray® service, subscribe to our mailing lists and/or attend events or meetings organised by us in connection with our S-Ray® business. It includes information that you provide to us in connection with our artificial intelligence business.
The information that you provide to the Arabesque Group, or that we collect from you, may include your name, address, date of birth, private and/or corporate email address, private and/or corporate telephone number, specific and general financial information, sensitive documentation and other data and information which relates to your background, circumstances, investment experience, and information pertaining to your employment including obtaining information from public registers with governmental and/or quasi-governmental organisations (e.g. the Financial Conduct Authority), copies of identification documents such as a passport or driving licence, photographs, links to your professional profiles available in the public domain e.g. LinkedIn, Twitter, other forms of social media and/or a corporate website.
The Arabesque Group also uses ‘Cookies’ to automatically collect certain information about visits to the Website which helps us to make improvements relating to Website content and navigation. It may include your IP address, the date, times, and frequency with which you access the Website, and the way you use and interact with its contents. Please refer to our Cookies Policy set out in our ‘T&Cs and Complaints’.
- Purposes of the processing and legal basis for the processing
The Arabesque Group uses the data and information that we hold in relation to you, in the following ways:
- To enable us to carry out our discretionary investment management activities;
- To enable us to conduct our S-Ray® business activities;
- To enable us to conduct our artificial intelligence business activities;
- To enable us to comply with our regulatory and legal record-keeping obligations;
- To provide you with periodic updates as to the performance of the collective investment schemes or managed accounts in respect of which the Arabesque Group acts as investment manager;
- To carry out our obligations arising from any contractual obligations amongst us, arising through us acting as an investment manager or as an ESG data provider;
- To provide you with the information, products and services that you request from us or we think will be of interest to you because it is relevant to you, your organisation and/or the shares/units that you hold in a collective investment scheme or managed account for which Arabesque acts as investment manager;
- To provide you with information about other products and services that the Arabesque Group offers that are similar, or ancillary, to those that you have already been provided with or have enquired about.
The key legal basis for the processing of your personal data and information is our legitimate business interest, described in more detail below. Furthermore we may also, in certain circumstances, rely on a contractual or legal obligation and/or consent for specific uses of data and information. Where we retain your data and information in fulfilment of a legal and/or regulatory obligation, in doing so, we will rely on legal obligation to hold such data and information.
- Our legitimate business interests
The asset management division of the Arabesque Group provides a range investment management services to a number of collective investment schemes and a number of managed accounts. In this capacity, the exchange of personal data and information between: us; you; the collective investment schemes and/or managed accounts (for which we act as investment manager); certain third parties (appointed to provide ancillary services directly related to the provision of our discretionary investment management activities); and global governmental and quasi-governmental agencies, is a fundamental and essential part of our business. In order to support those collective investment schemes and managed accounts for which we act as investment manager, we maintain databases of personal data and information of investors or prospective investors in such collective investment schemes and managed accounts which contain both current and historical information of the kind described within section 2 above. In order to maintain, expand and develop our business we must record the personal data and information of investors and prospective investors in the collective investment schemes that we manage.
The S-Ray® division of the Arabesque Group offers and provides ESG data services to a broad range of corporate clients. In this capacity, the exchange of personal data and information between us, you, third party vendors, other third parties (appointed to provide ancillary services directly relate to the provision of our ESG data services) is a fundamental and essential part of our business. In order to support our S-Ray® business activities, we maintain databases of personal data and information relating to clients and prospective clients which contain both current and historical information of the kind described within section 2 above. In order to maintain, expand and develop our business we must record the personal data and information of clients and prospective clients of the ESG data services that we provide.
The artificial intelligence division of the Arabesque Group offers and provides artificial intelligence products and services to a range of corporate clients. In this capacity, the exchange of personal data and information between us, you, third party vendors, other third parties (appointed to provide ancillary services directly relate to the provision of our ESG Data services) is a fundamental and essential part of our business. In order to support our artificial intelligence business activities, we maintain databases of personal data and information relating to clients and prospective clients which contain both current and historical information of the kind described within section 2 above. In order to maintain, expand and develop our business we must record the personal data and information of clients and prospective clients of the artificial intelligence products and services that we provide.
- Disclosure of your information inside and outside of the EEA
The Arabesque Group may disclose information about you to our affiliates and/or third parties.
For the purposes of the Arabesque Group’s business activities this may include, but is not limited to: the administrator, the prime brokers and the custodians of the collective investment schemes and/or managed accounts that are managed by the Arabesque Group, third parties which facilitate the provision of our ESG Data services and our artificial intelligence products and services. Moreover, your data and information will be used for our everyday business purposes, such as the provision of asset management activities; the maintenance of your account(s) or responding to court orders and legal investigations. It may also be necessary, under anti-money laundering and other regulations and laws, to disclose information about you to regulatory authorities and other relevant governmental and quasi-governmental organisations. We will also release information about you if you direct us to do so.
We may share your information with our affiliates for direct marketing purposes, such as offers of products and services to you by us or our affiliates. You may prevent this type of sharing by contacting us as described in this privacy policy. We may also disclose information about your transactions and experiences with us to our affiliates for their everyday business purposes. If you are a new investor or client, we may share your information with affiliates in accordance with this privacy policy. When you are no longer an investor or client, we may continue to share your information as described in this privacy policy.
We do not share your information with non-affiliates for them to market to you.
In addition to the above, we may also disclose your personal information to third parties in the following circumstances:
- Where the Arabesque Group buys or sells a business and/or asset, we may disclose your personal data and information to a prospective buyer or seller of such a business or assets;
- If the Arabesque Group or substantially all of its assets are acquired by a third party, the personal data and information held by us about our customers and/or investors will be one of assets transferred as a result thereof.
The lawful basis for the third-party processing will include:
- The third party’s own legitimate business interests in processing your personal data and information, in most cases to facilitate the provision of the ancillary services to us and/or the collective investment schemes and/or managed accounts for which we act as investment manager;
- The third party’s own legitimate business interests in processing your personal data and information to facilitate the provision of ESG Data services and/or the provision of artificial intelligence products and services;
- Satisfaction of a third party’s contractual obligations to us as our data processor;
- For the purpose of a contract in place or in contemplation with a third party;
- To fulfil a third party’s legal and/or regulatory obligations.
- Where we store and process your personal data and information
The data and information that the Arabesque Group collects from you may be transferred to, and/or stored at, a destination outside of the European Economic Area (“EEA”). It may be transferred to third parties outside of the EEA to enable us to provide our discretionary investment management services, ESG Data services and/or artificial intelligence products and services. Your data and information may also be processed by staff operating outside of the EEA who work for the Arabesque Group us or for one of our suppliers. This includes staff engaged in, amongst other things, the provision of discretionary investment management services, the provision of ESG Data services and/or artificial intelligence products and services. By submitting your personal data and information, you agree to this transfer, storing and/or processing. The Arabesque Group will take all reasonable steps to ensure that your data and information is treated securely and in accordance with this Policy.
- Retention of your data and information
The Arabesque Group understands that is has a legal duty to retain accurate data and information and to only retain personal data and information for as long as it is required for the legitimate business interests, as outlined herein, and only where you are happy for us to do so. Accordingly, we maintain a data retention policy to ensure that we only retain data and information in accordance with this Policy.
- Your rights
The GDPR provides you with the following rights:
- To request the correction of the personal data and information that we hold about you. This is to ensure that the data and information that we hold in relation to you in complete and accurate.
- To request the erasure of your personal information thus enabling you to ask the Arabesque Group to delete or remove personal data and information in circumstances where there is no legitimate purpose for the Arabesque Group to continue holding such data and information. You also have the right to ask the Arabesque Group to delete or remove your personal information where you have exercised your right to object to processing (per the provisions set forth below).
- To object to processing of your personal information in circumstances in which we are relying on a legitimate interest and/or those of a third party, as outlined herein above, and there is something in respect of your specific circumstances which provides you with grounds to object to the processing of your data and information. You also have the right to object where we are processing your personal information for direct marketing purposes.
- To request that the Arabesque Group restricts the processing of your personal data and information. This would enable you to ask the Arabesque Group to suspend the processing of your personal data and information, for example if you want us to establish its accuracy or the purpose for such data and information being processed.
- To request the transfer of your personal information to another party in certain formats, if practicable.
- To make a complaint to a supervisory body which in the United Kingdom is the Information Commissioner’s Office (https://ico.org.uk).
- Access to information
The Data Laws give you the right to access your data and information held by the Arabesque Group. Your right of access can be exercised in accordance with the Data Laws, as described herein. subject access request should be submitted to compliance@arabesque.com.
- Changes to our privacy policy
Any changes we make to our privacy policy will be posted on our website and, where appropriate, notified to you by email. We recommend that you periodically review the Policy to ensure that you continue to be aware of your rights.
- Contact details
Questions, comments and requests regarding this privacy policy are welcomed and should be addressed to dataprotection@Arabesque.com.
For the purposes of data protection legislation in force from time to time the data controller is Arabesque Asset Management Limited.