Dear Valued Members and Friends, The election of the successor to Jean-Marie Arnaud as Board Member and Treasurer was conducted yesterday on October 15, 2013. It is our pleasure to announce that Jean-Christophe Darbes was elected and accordingly joins the Board of the ECCK with immediate effect. Jean-Christophe is a French citizen and since July 2012 holds the position as President and Chief Executive Officer at BNP Paribas Cardif Life Insurance, Seoul. He started to work for BNP Paribas Cardif Life Insurance in Seoul in January 2009 as Deputy Chief Executive Officer. Previous assignments included various areas at AXA tin the time from 2002 to 2009 and BNP Paribas where he worked from 1989 to 2002. At BNP Paribas he was in charge for numerous areas such as Bonds & FX Trading, General Inspection, Private Banking, Corporate and Investment Banking, and Internal Audit Asset Management. He holds an MBA degree from Institut d’Administration des Entreprises (France). Please join us in congratulating and welcoming Jean-Christophe to the Board.