Mr. Jacobi has held the position of chairman of the supervisory board, since 1998, of HSBC Trinkhaus & Burkhardt AG, one of the largest investment banks in Germany. He is now honorary chairman. Previously, he served as the bank’s chairman of managing partners. In addition, Mr. Jacobi was a managing partner of BHF Bank in Frankfurt and an executive vice president of Chase Manhattan Bank. He is a director of Droege International Group AG, Dusseldorf. He was formerly a director of Gillette Co., Boston; and Southern Union Company, Houston. Mr. Jacobi was educated at Rutgers University School of Business and New York University School of Business and is a graduate of Johannes Gutenberg University in Germany.