Mr. Gilles Gramat is a graduate of the Ecole Nationale Supérieure des Télécommunications.

He began his career as an engineer for Avions Marcel Dassault, before joining Crédit National and latterly Sofinnova, of which he was appointed Deputy Managing Director. In 1987, he founded Unidev, a listed investment company, which was acquired by UI in 1993.

He was Chief Executive Officer of UI from 1993 to 2001 and from 2001 until April 2003 Chairman and CEO of UI.

He was also Director of Investments and International Participations of Credit Agricole SA.