The Management of DEPFA BANK plc

Executive Members of the Board of Directors

Paul Leatherdale
(Chief Executive Officer)

Paul Leatherdale joined DEPFA Group in September 1999 to set up the Infrastructure Finance team in Dublin with specialist local teams based in most of the Group's offices worldwide. Previously, after completing a business degree, he qualified as a Chartered Accountant and then spent 15 years at Sumitomo Bank in London specialising in Real Estate, Construction and International Project Finance. He is directly responsible for the Bank’s origination of new business in Public Sector and Infrastructure Finance.

Bo Heide-Ottosen
(Executive Director, Public Sector and Infrastructure Finance)

Since October 2007 Bo Heide-Ottosen, has been a member of the Management Board of Hypo Real Estate Holding AG where he has overall responsibility for the Public Sector and Infrastructure Finance business segment, and in particular for all Treasury and Balance Sheet Management activities. He joined DEPFA in October 2004 as Head of Treasury. He previously held senior management positions in Scandinavia and worked as Executive VP and CFO at the Nordic Investment Bank in Helsinki.

James Campbell
(Executive Director and Chief Operating Officer)

James Campbell joined Hypo Real Estate Group in September 2003, where he was responsible for establishing the Internal Audit function within Hypo Real Estate Bank International and then at a Group level. Since October 2005, he has been a member of the Board of Directors of Hypo Public Finance Bank plc as Chief Operating Officer. In October 2007 he was appointed to the Board of DEPFA BANK plc as an Executive Director, and also in the capacity of Chief Operating Officer. Prior to joining the Group, he worked in practice for 14 years, firstly with Ernst and Young in London, and then with KPMG in Hong Kong and Ireland. With effect from 1 April 2008, he also assumed the responsibility for Finance, Accounting, and Financial Controls.

Tom Glynn
(Executive Director, Capital Markets and Asset Management)

Tom Glynn was appointed to the Board of DEPFA BANK plc in October 2007 as Executive Director responsible for the Capital Markets and Asset Management business. He is a member of the Management Board of Hypo Real Estate Holding AG, in charge of the Capital Markets and Asset Management segment, having joined the Group in January 2004. Since October 2005 he has been Deputy CEO of Hypo Public Finance Bank plc. Before that he held senior positions at HypoVereinsbank as Head of the Management Committee in New York and as Global Head of Credit Markets for the HypoVereinsbank Group in charge of securitization, credit trading and structuring.