Mr. Roger Studer is Head of Vontobel Investment Banking and Member of Vontobel’s Group Executive Board. Mr. Studer, who started his career at Vontobel in 1984, was appointed Head of Warrants and Options Trading in 1992 and Head of Market Making Derivative Products in 1995. In 1997, Mr. Studer was Head of Private Clients Austria of DG Bank AG (Switzerland), Head of Quantitative Asset Allocation of Rentenanstalt/Swiss Life in 1999 and Head of Portfolio Management and Research of ABN AMRO Bank AG (Switzerland) until 2000. In 2001, Mr. Studer was appointed by Vontobel as Head of Risk Management and Development of Derivative Products and Head of Financial Products in 2003. In 2008, Mr. Studer was appointed Head of Vontobel Investment Banking and joined the Group Executive Board of Vontobel. He serves as Vice President of the European Structured Investment Products Association (Eusipa) in Brussels, Belgium. Mr. Studer holds an MBA from Rochester-Berne and is Swiss Certified Financial Analyst and Portfolio Manager (CI A), Swiss Certified Expert in Finance and Investments (CIWM).