Walter Zinsser

Obtained an MA in Economics from the University of Frankfurt. Mr. Zinsser worked for five years for the Batelle Institute in Frankfurt, primarily on strategy and marketing projects for European industrial companies. He then joined J.P. Morgan; he worked in Paris, New York and London, initially in Corporate Finance and later in Investment Management. Mr. Zinsser was J.P. Morgan Investment Management's Head of International Equity Management, Chief Investment Officer and Managing Director responsible for its European and Japanese clients. He joined Ermgassen & Co in 1989 and is now its Chairman. Until October 2010, Mr. Zinsser was Chairman of the International Advisory Committee to the United Nations pension fund of UNRWA (United Nations Relief and Works Agency for Palestine Refugees), on which’s board he has been for more than 22 years. He is also a Member of the Asset Allocation Committee of Frontier Capital Management.