GORDON J. FYFE, President and Chief Executive Officer*

Mr. Fyfe joined the PSP Investment Board (PSPIB) as President and Chief Executive Officer in October 2003.

Before Joining PSPIB, Mr. Fyfe had served as President of World Markets at CDP Capital since March 2002. From 1992 to 2002, Mr. Fyfe was President and Chief Operating Officer of TAL International, a division of TAL Global Asset Management. Prior to joining TAL International, from 1986 to 1992, Mr. Fyfe was Vice President at JP Morgan in London, England.

Mr. Fyfe received his MBA from INSEAD in 1986.

* The President and Chief Executive Officer is selected and appointed by the Board of Directors.