DIRECTOR

Mr. Ladner is an MBA graduate from the University of St. Gallen and was Executive Vice President of Coutts & Co AG between 1964 and 1992. He was a co-founder and managing director of RP&C International, London/New York/Zurich, an investment Banking Boutique, and served as the non-executive chairman of Bank Austria (Switzerland) Ltd. He is also a former member of the Swiss Admissions Commission - Listing on Swiss Stock Exchanges and of the Capital Market Commission of the Swiss National Bank. He is a Swiss citizen, married with four grown children and supporting several charitable organizations.