Our Associates: Bernard HERMAN

Bernard is a senior investment professional with an extensive background in asset management covering all the main aspects of investment management, asset and liability management and risk management.
Bernard has over 20 years of experience in the financial sector, most of which he spent with the Dexia Group. Prior to joining the Dexia Group, Bernard worked in Brussels, New York and London for Chase Manhattan Bank. Over the past
few years, Bernard has occupied a number of independent directorships with major investment firms.

Born in 1956
Belgian citizen
Languages: French & English

Address

41, rue du 5 septembre
6747 Saint-Léger
Belgium
Office phone: (+352) 26 86 77-1
Office fax: (+352) 26 86 77-99
Mobile phone: (+352) 621 – 238 076

Education & Studies

Master in Economics, Namur University 1980

Professional Activities

Associate The Directors’ Office S.A. Currently
Head of Operations & Markets, Dexia Private Banking   2005-2007
Head of Market Risk, Dexia BIL   2003-2004
Head of Dexia Securities, Dexia BIL   2002
Managing Director, Crédit Commercial de France (Luxembourg) SA   2000-2001
CEO & Board Director, Dexia Asset Management   1999-2001
Head of Institutional & Corporate Banking, Dexia BIL   1996-1999
Head of Portfolio Strategy Group, Dexia BIL   1993-1996
Head of Treasury and Portfolio Management Cregem, Crédit Communal de Belgique   1991-1993
Vice President Chase Manhattan Bank, Brussels, New York, London   1984-1990

New dimension in fund servicing in Luxembourg: Mercuria Services S.A. & The Directors' Office S.A. merge to form MDO Services S.A.

The Boards of Mercuria Services S.A. & The Directors’ Office S.A. are delighted to
announce the upcoming merger of their companies to create a single entity called
MDO Services S.A. The shares of the new company will represent a 50:50 allocation between Mercuria Services S.A. and The Directors’ Office S.A.’s existing shareholders.
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New Associate & New Risk Managers join The Directors’ Office

The Group of The Directors’ Office is delighted to welcome Hanna Duer who joins us as Associate of our firm in May 2008.

The Directors’ Office is pleased to welcome Cecilia Lazzari and Riccardo del Tufo who join us as Risk
Managers strengthening our established team of risk professionals.
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New Associates & New Risk Manager join The Directors’ Office

The Group of The Directors’ Office is delighted to welcome Richard Goddard and
Bernard Herman who join us as Associates of our firm in September 2007.

The Directors’ Office is pleased to welcome Francesca Gigli who joins us as Risk
Manager strengthening our established team of risk professionals.
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News from the Group The Directors' Office - CSSF issues Circular 07/308 on Risk Management & the Uses of Derivatives

On 2nd August 2007 the CSSF issued a key circular on financial risk management and the use of derivative instruments by UCITS.  The Circular, which expands upon, clarifies and replaces Circular 05/176, is to be implemented by all UCITS vehicles by the end of this year at the latest. Read more...