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Age: 55
First Appointed: 2001
Term Expires: 2005

Dr. Clemens Börsig joined our Board of Managing Directors in January 2001. He has worked with us since 1999, when he joined us as our Chief Financial Officer. He is also our Chief Risk Officer and responsible for our corporate governance.

Dr. Börsig engages in the following principal business activities outside our company: He is a supervisory board member at Heidelberger Druckmaschinen AG and was a supervisory board member of Gerling-Konzern Versicherungs-Beteiligungs-AG until June 11, 2003. He also holds a nonexecutive directorship at Foreign & Colonial Eurotrust Plc.

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