BOARD OF DIRECTORS Dr. Thomas E. Krayenbühl Jona, Switzerland Chairman 2003 (Director since 2002) Holds a Doctor degree in Law from University of Zurich. Member of the Board of Directors of Commercebank, N.A., Florida, Chairman of the Board of Directors of IBI Bank AG, Zurich, Chairman of BPI (Suisse) SA, Geneva, Member of the Board of Directors of Absolut Bank, Moscow and Derendinger AG, Dietlikon. Advisor to the International Finance Corporation in Washington. Retired in 1999 from UBS as Managing Director after 23 years of service. He has been a Member of the Board of the Swiss-Indian Chamber of Commerce, Zurich, and the Latin-American Chamber of Commerce in Switzerland, as well as President of the Friends of the Zurich Art Museum. Dr. Kurt Sieger Küsnacht, Switzerland Vice-Chairman Director since 1988 Swiss attorney with a Doctorate from the University of Zurich Law School and a Master's degree (LL.M.) from the Columbia University School of Law, New York, who has worked in law firms in both Zurich and Miami, Florida. Founding partner of Gloor & Sieger, Attorneys at Law, Zurich (established in 1989). Board member of various Swiss and foreign companies. Gustavo Antonio Marturet Machado Caracas, Venezuela Director since 2002 Chairman and CEO <strong>Mercantil</strong> Servicios Financieros (1996 - ). Presidente <strong>Banco</strong> <strong>Mercantil</strong> (1993 - ). Presidente Ejecutivo <strong>Banco</strong> <strong>Mercantil</strong> (1983 -1993). Executive Director <strong>Banco</strong> <strong>Mercantil</strong> (1978 – 1983). Member of the Board <strong>Banco</strong> <strong>Mercantil</strong> (1974 - ). Civil Engineer Universidad Central de Venezuela (1962). Chairman of the Boards of Commercebank Holding, Commercebank N.A., Merinvest C.A., Todo1 Services and Fundación <strong>Mercantil</strong>. Member of the Board of Directors of Seguros <strong>Mercantil</strong>. Member of the Board of Directors of the Corporación Andina de Fomento (CAF). Member of the Board of Directors of the Institute of International Finance, Inc. (IIF). Vice President Venezuelan American Chamber of Commerce and Industry (VenAmCham). Member Chairman’s Advisory Council of the Council of the Americas. President John Paul II Foundation for Ecclesiastical Education (FESE). Former President of the Venezuelan Bankers Association (ABV), National Banking Council (CBN), Council of Venezuelan American Entrepreneurs (CEVEU), Colombian Venezuelan Economic Integration Chamber (CAVECOL). Former Member of the Advisory Council of the Central Bank of Venezuela (BCV). Member of the Boards of Directors of various associations connected with the financial and production sectors. Rudolf S. Merten Zurich, Switzerland Director since 1993 Chairman of the Board of Directors of <strong>Banco</strong> <strong>Mercantil</strong> (Schweiz) AG from April 1993 until March 2003. Honorary President of the Latin-American Chamber of Commerce in Switzerland. Honorary Member of the Academia Mexicana de Derecho Internacional. Retired in 1992 as a Managing Director of Swiss Bank Corporation, Basle, after 42 years of service, thereof 15 years in North and South America. He has been a board member of various Swiss and foreign banks and companies. Board of Directors and Management J. Guillermo Villar Coral Gables, Florida, USA Director since 1996 Holds a degree in Business Administration and a Master's in Economics, the latter from Vanderbilt University. Began his banking career with Chase in 1967 and joined <strong>Mercantil</strong> in Venezuela in 1974, where he has occupied senior management positions in various areas of the organization. His present responsibilities include the supervision of all <strong>Mercantil</strong> international banking subsidiaries in the United States of America and several other countries. He is President and CEO of Commercebank, N.A. and Chairman of the Board of Commercebank Investment Services and Commercebank Trust Company, a broker dealer and a trust bank, respectively. He is also Managing Director of <strong>Banco</strong> <strong>Mercantil</strong> Venezolano NV (Curacao), <strong>Banco</strong> del Centro (Panama), and BMC Bank and Trust (Cayman); and serves on the Boards of Seguros <strong>Mercantil</strong>, <strong>Mercantil</strong> Servicios de Inversion and Merinvest (Venezuela). He is a member of the Executive Committees of Commercebank, <strong>Banco</strong> <strong>Mercantil</strong>, and the group's Holding Company, <strong>Mercantil</strong> Servicios Financieros. MANAGEMENT Joaquín Fischer Buchs/Zurich, Switzerland General Manager since 1993 MBA from New York University in Management and International Business in 1987 and Licenciate degree from Universidad Metropolitana, Caracas, in Business Science in 1978. Previously for six years at Deutsche Bank / Morgan Grenfell in New York and Frankfurt as Assistant Director in Mergers and Acquisitions, and for six years at <strong>Banco</strong> <strong>Mercantil</strong>, C.A. as Manager of International Trade Finance in Venezuela and Germany. He is a member of the Board of Directors of BMC Bank & Trust Ltd., Cayman Islands and of the Association of Forfaiters in Switzerland. He has been a member of the Export Finance (Finexpo) Advisory Committee, Central Bank of Venezuela. Brigitte Manns Bassersdorf/Zurich, Switzerland Vice-President Private Banking since 2000 Bachelor Degree in Science from Golden Gate University in Finance in 1983. Associate Degree in Science from Indiana Central University in Banking in 1982. Licensed Mutual Fund Advisor “Diplom Fondsberater IAF” (2005). Previously for five years as Vice President Sales at Merinvest - <strong>Mercantil</strong>'s Investment Bank in Venezuela, and for five years at <strong>Banco</strong> <strong>Mercantil</strong>, C.A. as Account Manager of Multinational Corporations, both in Venezuela. Sandra Righetti Obfelden/Zurich, Switzerland Vice-President Operations and IT since 2002 Certificate from Handelsschule Institut St. Ursula, Brig-Switzerland in 1989 with major in mathematics. Before joining <strong>Banco</strong> <strong>Mercantil</strong> (Schweiz) in 1993, worked for Swiss Bank Corporation in Zurich and <strong>Banco</strong> Wiese and Panamericana de Carga S.A., both in Lima, Peru. Thomas Ita Winterthur/Zurich, Switzerland Vice-President Finance since 2007 Swiss Certified Specialist for Finance and Accounting since 2001. Before joining <strong>Banco</strong> <strong>Mercantil</strong> (Schweiz) in 2004, worked for ten years for various Swiss banks, including Migrosbank and AKB Privatbank as Accountant and Zurich Invest Bank as Manager of Financial Accounting. B A N C O M E R C A N T I L ( S C H W E I Z ) 13
A N N U A L R E P O R T 2 0 0 6 14 OTERO, Alejandro En transparencia I, Sin fecha. (In transparency I, Undated). Stainless steel. 150 x 280 x 124 cm. <strong>Mercantil</strong> Collection.
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