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Roger KUBARYCH Senior Economic Advisor for the United States and North America at HVB Americas Inc.

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graduate of Williams College, Oxford University and Harvard University 1978-79 special assistant to the US Treasury Undersecretary for Monetary Affairs 13 years at the Federal Reserve Bank of New York in a variety of positions in the Research area and in the Foreign Department, e.g. Senior Vice President and Deputy Director of Research 1985-86 Vice President and Chief Economist of the Conference Board, Inc., a business research organization 1986-88 Senior Vice President and Chief Economist of the New York Stock Exchange, Director of the Economic Research Department 1988-97 general manager of Henry Kaufman & Company, Inc. 1997-99 managing member and chief investment officer of Kaufman & Kubarych Advisors, LLC since 1999 Henry Kaufman Senior Fellow for International Economics and Finance at the Council on Foreign Relations and Adjunct Fellow since 2001 senior economic advisor for the United States and North America at HVB Americas Inc.

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