RUGGERO MAGNONI is a Non-Executive Director of Compagnie Financière Richemont (elected in 2006) and is a member of the Audit and Nominations Committees. In 2006 he became a partner of Compagnie Financière Rupert. Formerly, he was a member of the Board of Overseers of Reinet Investments S.C.A. up to September 2009. Prior to that, Mr. Magnoni held a number of senior roles at Lehman Brothers and Nomura. In 2000, Mr. Magnoni became Head of the European Private Equity division and Vice Chairman of Lehman Brothers Inc and in 2002, Chairman of Lehman Brothers International Italy. Between 2008 and 2013, Mr Magnoni served as Chairman of Nomura International plc’s Investment Banking division for Europe, Middle East and Africa. Mr. Magnoni is involved with various philanthropic activities, including Fondazione Laureus Italia. He is a member of the Advisory Committee of the Bocconi Foundation. Mr. Magnoni graduated from Bocconi University, Italy and holds an MBA from Columbia University.