Mr. Paul Hagen is a Member-Executive Board at HSBC Trinkaus & Burkhardt AG.

He is on the Board of Directors at Bankhaus Wölbern & Co. (AG & Co. KG), Düsseldorfer Hypothekenbank AG, HFI Hansische Vermögensverwaltung AG, HSBC Transaction Services GmbH, HSBC Bank (Turkey) AS, HSBC Trinkaus Investment Managers SA and RWE Supply & Trading GmbH. Mr. Hagen is responsible for Finance and Operations at HSBC Trinkaus & Burkhardt AG.