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Claus H. Lund is the Chief Executive Officer of Belvedere Trust. Claus Lund was the Executive Vice President of mortgage asset management at Bank of America from 1992 to 1998, in which capacity he managed the Bank’s first mortgage and home equity portfolios and had overall responsibility for pricing, secondary marketing and mortgage capital markets, mortgage acquisitions, correspondent lending, servicing hedging and acquisitions and pipeline management. For a period of time, he was also national head of mortgage servicing. Mr. Lund built a mortgage research team consisting of analysts with doctorates or other post-graduate degrees in statistics or mathematics or with similar quantitative science backgrounds who developed risk management tools such as prepayment models, propensity models and risk-based pricing models. Before joining Bank of America, Mr. Lund was with SunAmerica from 1991 to 1992 where he was
director of the mortgage-backed and asset-backed portfolios and built one of the largest portfolios of subordinated securities (B-pieces) in existence at that time in the U.S. Prior to his tenure at SunAmerica, he held various positions with a number of financial institutions in California. Most recently, he was Chief Administrative Officer and Senior Vice President of business process outsourcing at Providian Financial. Mr. Lund holds degrees from the University of Copenhagen, Stanford University and U.C.L.A. He is currently on the Board of Directors of E-LOAN, an internet-focused consumer lending company headquartered in Pleasanton, California. | 