Mr. Paumgarten is Chairman of Corsair and serves as Chairman of the Investment Committees of Corsair II, Corsair III and Corsair IV.

Prior to spinning off Corsair as an independent business in 2006, Mr. Paumgarten was a Managing Director at J.P. Morgan Chase & Co. (and its predecessor companies, “J.P. Morgan”), which he joined in 1992 to raise Corsair I. While at J.P. Morgan, Mr. Paumgarten served as Chairman of Corsair I and Corsair II. From 1994 to 1999, he also held a number of senior management positions in the Investment Banking Department of J.P. Morgan, including Co-Head of the Financial Institutions group and Co-Head of the Mergers and Acquisitions group for the Americas. Previously, he headed Credit Suisse First Boston’s Financial Institutions group.

As an investment banker in the financial services sector for over 30 years, Mr. Paumgarten was an early proponent of consolidation in the industry and has participated in numerous landmark transactions including the sale of Barnett Banks to Nationsbank, the spin-off of Capital One from Signet Bank and the sale of First Security to Wells Fargo. Mr. Paumgarten is conversant in German.

Mr. Paumgarten is a director of Kyobo Life Insurance, SPARTA Insurance and Scripps Networks Interactive. Mr. Paumgarten holds a B.A. in history from the University of Pennsylvania and an M.B.A. from Columbia University.