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Holger Schwarz has served as Executive Vice President, Europe and General Manager of Liquidity Services Ltd. in the United Kingdom since April 2004. Since January 2006, he has also served as Managing Director of Liquidity Services GmbH in Germany. These two wholly-owned subsidiaries are dedicated to serving European clients. Mr. Schwarz served as General Manager of LSI's Central/North/Eastern Europe business unit from January 2001 to April 2004. Prior to joining our company in January 2001, Mr. Schwarz served as Marketing Director for Philips Northern Europe, a Dutch company, from February 1999 to December 2000. Mr. Schwarz holds a master's degree (FH) in business economics from FSBH Dresden. | 