EBERHARD RAUCH

Rauch has a degree in mathematics, but also studied physics and macroeconomics. After two years doing research work at Siegen University, he moved into economics as an adviser. Rauch joined Bayerische Vereinsbank in 1986 as head of the organizational and information technology (IT) department. Four years later he was responsible for administration, organization and IT as well as the settlement departments. Rauch joined Bayerische Vereinsbank's managing board in 1993 and BHV's managing board in September 1998. Schutte has a degree in law and macroeconomics from Christian Albrecht University in Kiel, Germany. He joined Bayerische Hypotheken- und Wechsel Bank in 1971. In September 1998 he joined BHV's managing board. (M.H.)