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187th Executive Board Meeting Minutes

187th Executive Board Meeting Minutes

29 July - 1 August 2025, meeting by email

Author: Daniella Coutinho
Publication date: 26 August 2025
Status: Draft

Attendees:

  • Randy Bush (RB), Member
  • Ondřej Filip (OF), Chair
  • Maria Häll (MH), Member
  • Raymond Jetten (RJ), Treasurer
  • Sander Steffann (SS), Member
  • Piotr Strzyżewski (PS), Secretary
  • Harald A. Summa (SU), Member

Discontinuing Investment Partnership

Our investment partner manages part of the RIPE NCC reserves in line with the limitations set out in the Executive Board approved RIPE NCC Treasury Statute. In short, the goal is to optimise the return on the portfolio within a very conservative risk profile, in which protecting the nominal amount has a higher priority than optimising the return.

Recently the RIPE NCC was informed that our investment partner decided to restructure their operations and, as a result, the RIPE NCC would need to be onboarded with a new bank for the purposes of managing our investment portfolio. This unexpected new requirement was not appreciated by the RIPE NCC. Based on our most recent bank onboarding experience, this process takes 6-9 months for the RIPE NCC, possibly due to our diverse service region (meaning we invoice and collect income from countries that banks see as low to ultra high risk). Therefore, it was decided to terminate the contract with the investment partner.

The Executive Board and the management of the RIPE NCC have already started the work to find a new investment partner.

Resolution EB#187-R-01:
The RIPE NCC Executive Board resolves the discontinuation of the investment partnership with Dasym Managed Accounts B.V., which has been approved based on Resolution EB#165-R-03.

The resolution was adopted by majority.