Rainer Ender is managing director of Adveq. Before joining Adveq in 2001, he was an underwriter for alternative risk transfer at Zurich Reinsurance Company. From 1997 to 2000 he was a manager in the financial risk management practice at Arthur Andersen. He also served for several years on the board of DTS, a regulated derivatives trader in Switzerland. Dr Ender holds an MSc in physics and a PhD in natural sciences from the Swiss Federal Institute of Technology (ETH), and he is a CFA charter holder.