HSH Nordbank AG

Prof. Dr. Dirk Jens Nonnenmacher, born June 3, 1963, studied mathematics and medicine both in Germany and the United States. After obtaining his doctoral degree in 1990 and completing his postdoctoral studies ("Habilitation") in 1993 in mathematics, Prof. Dr. Nonnenmacher taught and did research at universities in Germany and the U.S. At the same time, he did consulting work for companies in the financial business in the areas of group and risk management as well as product development. In 1998, Prof. Dr. Nonnenmacher was appointed Department Head at Dresdner Bank in Frankfurt/ London with responsibility for the global development and implementation of methods for market and credit risk. From 2004, he was head of strategic, risk and financial controlling at DZ Bank in Frankfurt. He is honorary professor at Ruprecht-Karls-Universitat in Heidelberg. Prof. Dr. Nonnenmacher was appointed Chief Financial Officer, responsible for the Finance and Tax Business Units, as of October 1, 2007. In addition, he assumed responsibility of Group Risk Management on July 1, 2008, and of the CEO (Chief Executive Officer) function in November 2008.

David is currently Senior Vice President/Western Regional Co-Manager for HSH Nordbank AG. Prior to this, he was the founding partner of Edgehill Capital, a real estate investment and consulting business. David has over 13 years of commercial real estate investment, development and finance experience, and has been directly responsible for over $1 billion of debt and equity. He holds an MBA in Marketing from Columbia University.

Jochen Friedrich, born January 15, 1964, is trained as an industrial clerk. He started his banking career as a management trainee at JP Morgan Germany in 1990 after completing an MBA degree with an international focus at the European Business School in Oestrich-Winkel, Paris and Phoenix, Arizona, U.S. Following stints in New York and London, in 1995 Jochen Friedrich took over as Head of Fixed Income Sales and Futures & Options Execution & Clearing at JP Morgan in Frankfurt. In 1998, he was appointed to the management board of JP Morgan Germany and became Head of Global Markets for JP Morgan in Germany and Austria. Following a short spell as Spokesman for the Board of Directors of A & A Actienbank AG in Frankfurt am Main in 2001, he transferred to DZ Bank in 2002, where he headed the Fixed Income operations for 5 years. Jochen Friedrich was appointed Management Board member responsible for the Financial markets division at HSH Nordbank AG effective May 15, 2007. In this capacity, he will be Head of Asset and Investment Management, Capital Markets Clients, Capital Markets Credit, Capital Markets Structuring & Trading, Group Treasury as well as the HSH Nordbank Securities S.A. and the London Branch.