Effective October 1, 2019, James B. Crystal was appointed Executive Chairman of the company. From 2013 to 2019, as a Managing Director at Tricadia Capital Management (now Corvid Peak Capital Management), Mr. Crystal was the portfolio manager principally responsible for Tricadias private equity investments in the financial services sector, overseeing funds with over $450 million in commitments and serving on various portfolio company boards. In this capacity, he identified and structured Tricadias investment in the Company in 2015 and has been a director of the Company since that time. Mr. Crystal continues to serve as the director designated by Tricadia and the Company does not currently have any independent directors serving on its board. Effective May 1, 2020, co-CEOs Ricardo Koenigsberger and Kenneth Witkin resigned from the company as officers and directors to pursue an opportunity with one of the company's funding partners. The company greatly appreciates their many years of service, including their work in building and managing the company's businesses, and wishes them well in their future endeavors.