BrightSphere Investment Group plc announced that its Board of Directors has received notice that Paulson & Co. Inc. has agreed to buy a substantial majority of the ordinary shares of BrightSphere held by HNA Capital (U.S.) Holding LLC. Following completion of the transaction, Paulson & Co. is expected to own approximately 24.95% of the ordinary shares of BrightSphere. The closing of the transaction will be subject to regulatory approvals. In connection with the transaction, John Paulson, President of Paulson & Co., and Guang Yang, Managing Member of H Plus Capital, have joined the BrightSphere Board of Directors, replacing Enrico Marini Fichera and Daniel Chen, effective November 16, 2018. Dr. Yang is the Managing Partner of H Plus Capital, which he formed in August 2018 and the Founder and Chairman of Finergy Capital, since October 2010. Dr. Yang served as the President of HNA Capital US from January 2016 through December 2017 and President of HNA Group Americas from January 2018 through August, 2018. Dr. Yang is also a former CEO of Finergy Capital. Dr. Yang previously spent 15 years as an Executive Vice President, Senior Portfolio Manager and Research Analyst at Franklin Templeton Investments Global Equities. He also served as the Chairman for Franklin Templeton China. Prior to joining Franklin Templeton Investments, he worked as a Research Scientist at Harvard Medical School and at Massachusetts General Hospital. John Paulson currently serves as President of Paulson & Co Inc. and has served in this role since the firm was founded in 1994. Prior to founding Paulson & Co, Mr. Paulson was a general partner of Gruss Partners and a managing director in mergers and acquisitions at Bear Stearns.