Holger Schwab

Deputy Head of Group Fixed Income Management Institutional Investors. Started at Deka Investment as specialist covering swap related products e.g. SSA, Quasi government, covered bonds of several legislations. Expert for LCR driven Fixed Income investments to fulfill the requirements of High Quality Liquid Assets (HQLA). Decisions are taken on duration, curve, mix of Fixed Income assets and hedging via swap or futures. Responsible for performance facing the investors in annual or semi-annual meetings.

- Private placements of financials, SSA and corporates. - Intermediary between issuer and RM investors - Funding targets of issuers are translated in investors needs of fixed income structures (duration/credit) - Instruments are promissory notes, Registered Covered Bonds, loans and bearer bonds in major FX - Tailor made with the background of Basle III and p&l implication for clients under IFRS

07/07 – 07/09 Commerzbank, New York Branch - Head of Public Finance USA/ Senior Vice President - Ran team of 3 Portfolio Managers of US Municipalities, US Student Loan & US Agency ABS & Canadian Prov. 01/05 – 06/07 Eurohypo, Frankfurt - Senior Portfolio Manager Public Finance assets from the USA, Canada, Japan, UK, Eastern Europe 03/04 – 12/04 Eurohypo, Luxembourg - Head of Public Sector Business Ran team of 4 Portfolio Manager based in Lux/Dublin

-LDI investments via segregated accounts and direct investments for different group companies -Invested in government bonds, covered bonds, financials (senior debt , Tier I and Lower Tier II) and Participation Certificates (Genußscheine) on benchmark and total return concepts -Participated in investment advisory panels of segregated accounts and funds to analyse performance and discuss future investment strategy

03/00 – 09/02 FI Portfolio Manager - Fixed Income & mixed segregated accounts incl. government bonds, covered bonds, financials, SSA, corporates based on benchmark and total return settings, Implemented a risk control system on a portfolio basis, Participations in investment advisory panels to discuss investment strategy 01/97 – 02/00 Fixed Income Trader -sub-sovereign and Schuldscheine, Market Making Jumbo Pfandbriefe 07/95 – 12/96 Fixed Income Sales -Coverage of insurance companies and asset manage

- Trading of Pfandbrief, Schuldschein of financials and SSA - Managemenent banks asset swap book - Coverage of insurer and AM

Junior Development Program - term stays in back office, private banking, sales and trading (fixed income, equity, derivative products )

Apprenticeship (Bankkaufmann)