James David Wolfensohn

Mr. Wolfensohn became President of the World Bank Group on June 1, 1995. He was re-appointed to that position by the World Bank's Executive Directors for a second term beginning June 1, 2000. Prior to joining the Bank, Mr. Wolfensohn was an international investment banker in New York, the UK and Australia. His last position was President and CEO of James D. Wolfensohn In., his own investment firm set up in 1981 to advise major U.S. and international corporations. Throughout his career, Mr. Wolfensohn has closely involved himself in a wide range of cultural and volunteer activities, especially in the performing arts. He was Chairman of the Board of Carnegie Hall from 1980 to 1991 and is now Chairman Emeritus. In 1990, Mr. Wolfensohn became CHairman of the Board of Trustees to the John F. Kennedy Center for the Performing Arts in Washington and in 1996 was elected Chairman Emeritus. In May 1995, Mr. Wolfensohn was awarded an Honorary Knighthood by Queen ELizabeth II for his contribution to the arts. Mr. Wolfensohn is a naturalized citizen of the United States. He and his wife Elaine have three children.