Effective October 1, 2014, Tiptree Financial Inc. appointed Jonathan Ilany as Executive Vice President, Head of Mortgage Finance and Asset Management of Tiptree and its subsidiary, Tiptree Operating Company, LLC and will be joining, Michael G. Barnes, Executive Chairman of Tiptree, and Geoffrey N. Kauffman, President and Chief Executive Officer of Tiptree as a member of Tiptree's management Executive Committee. Mr. Ilany was a member of Tiptree's board of directors from August 2010 until September 15, 2014.