Philippe Collot

His background includes a long experience in credit structures, asset-backed securities and performance linked programs. Mr. Collot has been involved in the raising of subordinated debt and equity tranches for many of Citibank's managed investment companies during the last eight years. Mr. Collot has recently developed an infrastructure for field engineering and distribution of hedge funds related products to institutional and retail investors. In addition Mr. Collot has a long experience in the marketing and sales of capital markets related products and has spent the last fourteen years with Citibank holding several different positions in Europe, including Head of Capital Markets Distribution in Paris. He is currently based in Geneva. Prior to joining Citibank, Mr. Collot held several positions with Generale Bank (Brussels) and Samuel Montagu (UK).

Citi Alternative Investment Strategies (AIS) is the alternative investment management unit of Citigroup. AIS delivers highly innovative structures which satisfy a broad range of investment objectives: diversification, enhanced risk adjusted returns, capital preservation and risk management. AIS is composed of 133 professionals located in New York, San Francisco, Toronto, London, Geneva, Tokyo, Taipei and Seoul and currently has over $30 billion under management and advisement. AIS products cover the entire spectrum of alternative asset classes and structures, including hedge funds, private equity, investment grade credit structures, non-investment grade credit structures and real estate. AIS benefits from the policies, disciplines, support and oversight on which all of Citigroup's asset management activities are built.

Citigroup Inc, the most global financial services company, provides some 100 million consumers, corporations, governments and institutions in 100 countries with a broad range of financial products and services, including consumer, banking and credit, corporate and investment banking, insurance, securities brokerage and asset management. The 1998 merger of Citicorp and Travelers Group brought together such brand names as Citibank, Travelers, Salomon Smith Barney, CitiFinancial (formerly Commercial Credit) and Primerica under Citigroup's trademark red umbrella.