ANNUAL REPORT

Leonard Fischer – Director and Chief Executive Officer:
Leonhard Fischer was appointed Chief Executive Officer in
January 2009. He was co-Chief Executive Officer of RHJI since
May 2007 and is a member of the Board of Directors since
September 18, 2007.
Prior to joining RHJI, Mr. Fischer was Chief Executive Officer of
Winterthur Group from 2003 to 2006, an insurance subsidiary of
Credit Suisse, and a member of the Executive Board of Credit
Suisse Group from 2003 to March 2007. Mr. Fischer joined Credit
Suisse Group from Allianz AG, where he had been a Member of
the Management Board and Head of the Corporates and Markets
Division since 2001. Previously, he had been with Dresdner Bank
AG as a member of the Executive Board since 1998 and with JP
Morgan in Frankfurt since 1987.
Mr. Fischer holds an M.A. in Finance from the University of
Georgia and a Business Management Degree from the University
of Bielefeld.
He is also on the Supervisory Boards of the Deutsche Presse
Agentur and the Leipziger Verlags- und Druckereigesellschaft,
as well as being a member of the European Publishers Council.
He holds Honorary Offices at the American Academy, the Aspen
Institute, and on the American Jewish Committee.
Dr. Döpfner studied Musicology, German, and Theatrical Arts in
Frankfurt and Boston.
Björn König – Director:
Mr. König, a director since April 1, 2005, is currently an adviser
to private equity and alternative asset management groups.
Mr. König has several years of experience as an investor in
limited partnerships and has served as an advisor in the
establishment of a number of limited partnerships.
Mr. König has a B.S. in Business Administration from the
University of Stockholm, Sweden.
Harvey Golub – Director:
Mr. Golub has been a director of RHJI since September 2006.
Mr. Golub is the Non-Executive Chairman of Ripplewood
Holdings, LLC. He serves as Non-Executive Chairman of the
Boards of Campbell Soup Company and the Reader’s Digest
Association. Mr. Golub also serves on the Boards of the Lincoln
Center for the Performing Arts, the American Enterprise
Institute, and the New York Presbyterian Hospital, and as a
member of the Advisory Board of Miller Buckfire & Co., LLC.
Previously, Mr. Golub has served on the Board of Dow Jones &
Company.
Mr. Golub served as the Chief Executive Officer and Chairman of
the Board of American Express from 1993 until he retired in
2001.
Prior to joining American Express in 1991, he was a senior
partner with McKinsey & Co.
Mr. Golub attended Cornell University from 1956 to 1958, and
received a B.S. degree from the New York University in 1961.
Mathias Döpfner – Director:
Dr. Döpfner was appointed as a director of RHJI on September
16, 2008. He is currently Chairman and Chief Executive Officer of
Axel Springer AG in Berlin, which he joined in 1998 as Editor-in-
Chief of Die Welt. He has been a Member of the Management
Board there since the year 2000.
Mathias Döpfner has held several different positions in media
companies during his career. Amongst others, as Editor-in-Chief
of the Wochen Post and the Hamburger Morgenpost
newspapers. Since 2006 he has been a member of the Board of
Directors at Time Warner, Inc.
Jun Makihara – Director:
Mr. Makihara, a director since April 1, 2005, is currently the
Chairman of Neoteny Co., Ltd., an early stage venture
investment firm in Japan. From 1981 to 2000, Mr. Makihara was
with Goldman, Sachs & Co. where he served in various
capacities, including as a Managing Director in New York in
Investment Banking from 1998 to 2000, as a Managing Director
in Tokyo as co-head of Equities and co-branch manager from
1995 to 1998 and as co-head of Investment Banking in Tokyo
from 1992 to 1995. Mr. Makihara is a director of Monex Group,
Inc. and the Japan Society.
Mr. Makihara has an B.A. from Harvard College in Economics
and an M.B.A. from Harvard Business School.
Gerd Häusler – Director:
Mr. Gerd Häusler joined RHJI in October 2008 as a director and a
senior advisor after having served the previous two years at
Lazard as a Vice-Chairman and Managing Director in their
Financial Institutions Group and their Sovereign Debt Advisory
practice.
Between 2001 and 2006 he was counselor and director of the
International Capital Markets Department of the IMF
responsible for all financial markets-related work and is
credited with the creation of the Global Financial Stability
Report; he also represented the Fund at the Financial Stability
Forum. Before, Mr. Häusler was a Member of the Board of
Managing Directors at Dresdner Bank AG in Frankfurt (1996 to
2000) and Chairman of Dresdner Kleinwort Benson in London
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