Mako Europe Limited (“Mako”) is part of the wider group of companies (“Mako Group”), whose main business activity is proprietary trading and market making in the financial services sector. Mako makes this statement on behalf of the Mako Group.
We firmly believe that the people we work with are the key to our success and future growth and we are fully committed to preventing acts of modern slavery and human trafficking from occurring within our business and supply chain. This statement sets out the steps that we have taken to eliminate, as far as possible, the risk of modern slavery and human trafficking.
To comply with the requirement of Section 54 of the Modern Slavery Act 2015 (the “Act”), this statement is given by Mako for its financial year which ended on 31 December 2017.
Structure of the Organisation
We are a primarily London based trading, options market making and sales advisory firm with a global trading footprint, operating in the Equities, Fixed Income, Commodities and FX derivatives markets.
The Mako Group’s head office is based in London, UK and we have recently opened satellite offices in Singapore and Sydney. To find out more about the nature of our business, please go to www.mako.com.
In order to operate effectively as a trading firm, we work with a variety of suppliers ranging from clearing brokers to stationery providers. Due to the nature of our business, a large majority of supplier are IT suppliers.
As part of our commitment to combating modern slavery, we have implemented an Anti- Slavery Policy. This together with our Whistleblowing Policy, robust background checks for employees and general culture of encouragement to speak out is the basis for our commitment to combat slavery and human trafficking (together “Modern Slavery”).
This statement contains details of the steps that Mako has taken in order to ensure that Modern Slavery is not taking place in the business or supply chains of the Mako Group and considers the risk of Modern Slavery occurring in the business or supply chains of the Mako Group (for example, including consideration of employment practices and the engagement of advisers and suppliers).
As part of our efforts to monitor and reduce the risk of Modern Slavery occurring within our supply chains, we have carried out an internal audit of our suppliers in order to establish, assess and monitor areas of potential risk in our business and supply chains. This included identifying and maintaining details of all suppliers and assessing each in relation to the following categories:
- employment risk,
- geographic risk,
- sector risk, and
- relationship risk.
Risk and Compliance
Based on the assessments we carried out, we consider the risk of Modern Slavery taking place in our business or supply chains as low. However, despite the outcome of this assessment, we are fully committed to continue to be vigilant and will strive to improve our practices and checks further in the future.
In the financial year ending 31 December 2018 we intend to take the following further steps to tackle Modern Slavery:
- implement a Supplier Code of Conduct which will be distributed to new suppliers, and
- conduct firm wide training to increase our employee’s awareness Modern Slavery.
- This statement was approved by the Board of Directors of Mako Europe Ltd, March 2018.