Eric PICHET Professor/Director of the postgraduate programme in Wealth Management and Real Estate (IMPI) EDUCATION 2008 HDR (Habilitation à diriger des recherché, Qualification to supervise doctoral dissertations), Université du littoral Cote d Opale-FRANCE 2006 Ph.D in Management Sciences, Université du littoral Cote d Opale - FRANCE 2001 KEDGE BUSINESS SCHOOL Postgraduate programme s Specialised Master in Wealth Management& Real Estate-FRANCE 1985 French Staff College, Staff College diploma ESORSEM-FRANCE 1985 HEC PARIS MSc in Management-FRANCE EXPERIENCE AT KEDGE BUSINESS SCHOOL Courses taught 1993 2000 Financial derivatives products, Financial Markets - MSC in Management - 30 hours/year title. 1995 2000 Financial Derivatives Products, Financial Markets, Income Tax and Wealth Tax- IMPI- 60 hours/year. 2000 2013 Income Tax and Wealth Tax, Economic Environment- IMPI- 15 hours/year. Research Activities - Market Finance, Economics (Theory of Shares Superiority) - Asset Management, Wealth Management, Real Estate investment strategies, Public Asset Management - Economics of taxation (Wealth Tax Theory, Tax Expenditure Theory, Optimal Taxation Theory) - Theory of Central Banking - Corporate Governance and Public Governance (Enlightened Shareholder Theory) - Epistemology of Social Sciences
2 Eric PICHET Other Academic Activities (Program Committees, Links with the Business Community and Institutions of Higher Learning) - Revue française de gouvernance d entreprise, Reviewer. - Global Journal of Strategies & Governance, Reviewer. - Corporate Ownership and Control, Reviewer. BUSINESS EXPERIENCE Period Name of,, held. Describe activities Date:from/to 1987/1993 Paris CHOLET-DUPONT, stockbroker Derivatives trader, Head of Options desk Date:from/to 1990/2013 several SFAF Training Center, APM Professor of Finance / Economics, Financial expert and consultant Date:(from/to) 2004/2013 Paris, London, Lausanne, etc. several. Independent non executive Director, chairman of the Board, chairman of the Audit Committee OTHER BUSINESS ACTIVITIES Member of the Board (Independent non-executive director) of several companies, notably GESTION 21 SA 7 rue d Orbitelle 13100 Aix-en-Provence - France Independent non-executive director since 13/04/2007 Praxient Panther Fund Limited Walkers SPV Ltd PO Box 309, George Town-Grand Cayman, Cayman Independent non-executive Director since 01/02/2010. Praxient Panther Master Fund Limited Walkers SPV Ltd PO Box 309, George Town-Grand Cayman, Cayman Independent non-executive director since 01/02/2010.
Eric PICHET 3. TwentyFirst Capital SAS 63 avenue des Champs-Elysées 75008 Paris Independent non-executive director since 18/03/ 2013. SIGNAUX GIROD SA (Listed on EURONEXT- PARIS) 881 route des fontaines BP 30004 BELLEFONTAINE 39401 MOREZ CEDEX Independent non executive director since 29/03/2013 Chairman of the Audit Committee since 28/05/2013 Chairman (non-executive) of the Board Diapason Rogers Commodity Index (Energy Segment) Fund Diapason Rogers Commodity Index (Metals Segment) Fund Diapason Rogers Commodity Index (Agriculture Segment) Fund Diapason Rogers Commodity Index Fund Independent non executive Director and Chairman since 09/05/2005 Diapason Commodities Index Fund Independent non executive Director and Chairman since 7/09/2006 Diapason Commodities Agriculture Index Fund Independent non executive Director and Chairman since 7/09/2006 Diapason Agriculture Non-GMO Index Fund Independent non executive Director and Chairman since 27/10/2006
4 Eric PICHET Diapason Commodities Index Enhanced Fund Independent non executive Director and Chairman since 17/04/2007 Diapason Relative Value Petroleum Industry Master Fund Limited Independent non executive Director and Chairman since 22/04/2013 Diapason Relative Value Petroleum Industry Fund Limited Independent non executive Director and Chairman since 22/04/ 2013 PUBLICATIONS Books Translator: - Mais où sont les Yachts des clients? ou Un bon coup d œil lucide sur la Bourse (translation of Where are the customers yachts? or a Good hard look at Wall Street, Fred SCHWED Jr.), 2003, Les Editions du Siècle. - Mémoires d un spéculateur (2 nd translation of Reminiscences of a stock operator, Edwin LEFEBVRE), 2004, Valor. - Une marche au hasard à travers la Bourse, (2 nd translation of A random walk down Wall Street, G. Burton MALKIEL), 2005, Valor. Author: - Sectorial financial analysis, 1991, Peyrat-Courtens. - Speculating, 1992, Les Éditions de l Archipel. - A practical guide to the MATIF, 2 nd edition, 1995, SEFI. - Where is the money going?, 2000, Mallard Editions. - I know who Adam Smith is!, 2001, Mallard Editions. - Stock-options, theory and practice, 2002, Les Editions du Siècle. - Adam SMITH, the father of Economics, 2003, Les Editions du Siècle. - RICARDO, Economics first theoretician, 2004, Les Editions du Siècle. - The Family Office, with Marie GROZIEUX DE LAGUERENNE, 2005, Les Editions du Siècle. - A practical guide to bonds, 2 nd edition, 2007, SEFI. - A practical guide to the Stock Exchange, 3 rd edition, 2008, SEFI. - Hedge-funds: theory and practice, 2008, Les Editions du Siècle. - Le gouvernement d entreprise dans les grandes sociétés cotées, 2009, Les Editions du Siècle. - A practical guide to options and the MONEP, 7 th edition, 2011, SEFI. - L art de l HDR, 2011, Les Editions du Siècle - France s 2014 Income Tax: theory and practice, 15 th edition, 2014, Les Editions du Siècle. - France s 2014 ISF Wealth Tax: theory and practice, 14 th edition, 2014, Les Editions du Siècle. Articles published in refereed journals (last 3 years)
Eric PICHET 5 - «Enlightened shareholder theory: whose interests should be served by the supporters of corporate governance, Corporate Ownership and control, Vol.8, N 2-3, pp 353-362, Winter 2011 - France s 2011 ISF Wealth Tax Reform: Logic, Risks and Costs, La Revue de droit fiscal, 2 June 2011, n 22. - Reassessing France s 2011 Capital Tax Reforms after the Parliamentary Battle, La Revue de droit fiscal, 28Th July 2011, n 30-34. - The German mittelstand and its fiscal Competitiveness: Lessons for France, La Revue de droit fiscal, 5 April 2012, n 14 pp46-55. - Tax Expenditure Theory and the Reform of French Loopholes, La Revue de droit fiscal, 5 April 2012, n 14, pp.25-36. - The New French President s Budgetary and Fiscal Doctrine: Constraints, implementation and Consequences ; La Revue de droit fiscal, 15 November 2012, n 46. - Building the Foundations for a New Central Bank Doctrine: Constraints, Implementation and Consequences, Journal of Governance and Regulation, vol.2, 2013, pp60-74. - the French Draft Finance Bill for 2014, budgetary situation and signs of a coherent environmental tax system, La revue de droit fiscal, 24 October 2013, n 43-44. - - Holdings animatrices de groupe: Théorie et pratiques, La revue de droit fiscal, 27 March 2014, n 13 Communications published in conference proceedings (last year) Defining and Selecting Independent Directors, at The International conference Financial Distress: Corporate Governance and Financial Reporting Issues, Rome, October 17-18, 2013. OTHER PERSONAL INFORMATION Languages spoken, written and read: English