Och-Ziff Capital Management Group LLC announced Robert Shafir will succeed Daniel S. Och as Chief Executive Officer of the company, as of February 5, 2018. Mr. Shafir also was appointed to the Board of Directors from the Effective Date. Mr. Och will remain as the Chairman of the Board, an Executive Managing Director and the largest shareholder in the company.

Mr. Shafir most recently as the CEO of Credit Suisse Americas from 2008 to 2016 and Co-Head of Private Banking & Wealth Management, which included oversight of Asset Management, from 2012 to 2016.