On July 31, 2018, Och-Ziff Capital Management Group LLC announced that on the same day its Board of Directors appointed Richard G. Ketchum to the Board, effective immediately, to serve as a Class III director for a term that coincides with the remainder of the three-year term of the existing Class III directors, at which point he will stand for reelection. Mr. Ketchum served as Chairman of the Board of Governors (2007-2016) and CEO (2009-2016) of the Financial Regulatory Authority Inc. (FINRA). Prior to joining FINRA, Mr. Ketchum served as Chief Executive Officer of New York Stock Exchange Regulation from 2006 to 2009, and previously as Chief Regulatory Officer of the New York Stock Exchange (NYSE) from March 2004. He has also served as Chief Legal Officer and General Counsel of the Global Corporate Investment Bank of Citigroup Inc. from June 2003 to March 2004. Prior to that, Mr. Ketchum spent 13 years at the National Association of Securities Dealers Inc. (NASD) in various roles, including as President. Prior to working at the NASD and NASDAQ Inc., he spent 13 years at the U.S. Securities and Exchange Commission, eight of those as Director of the Division of Market Regulation. Previous to that, he was in private practice at Milbank, Tweed, Hadley & McCloy, LLP. On July 31, 2018, Jerome P. Kenney notified the Company of his decisions to resign from the Board effective July 31, 2018. His resignation was not due to any disagreement with the Company.