Mr. Claudio Boada holds an industrial engineering degree from the Universidad Politecnica of Madrid and an MBA from the University of Southern California.

He has longstanding experience in the financial world, being currently Chairman of Anticipa Real Estate, Aegón España and of the Advisory Board of SAP Spain.

He is also senior advisor for Spain and Portugal of Blackstone and Natixis. In addition, he is Honorary Chairman of Circulo de Empresarios, member of the Advisory Board of Instituto Franklin, member of Patronato Fundación Plan Internacional España and Fundación Creaté.

With more than 40 years of professional experience, he worked at Banco de Bilbao, Dillon Read Overseas Corporation and he was General Manager of Banco Progreso. During almost fifteen years, he was Managing Director responsible for the Spanish and Portuguese business of Lehman Brothers, where he was also Chairman until 2004. In addition of being Chairman of other companies, he was also a member of the Board of Asociación para el Progreso de la Dirección APD.