Exchange: encrypted mail database?

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http://serverfault.com – For an Microsoft Exchange server, is it possible to encrypt the email database such that the sysadmin cannot see the emails? In other words, the admin would be responsible for all aspects of running the Windows server and Exchange process, but would not be able to see the contents of any one email (except those sent to him, obviously). Only another individual (e.g. company owner) would be able to see all emails contained in the database. (HowTos)