Craig R. Johnson is a vice chairman of JMP Group and a member of our executive committee. Mr. Johnson also serves as chairman of Harvest Capital Strategies. He previously served as our president, from 2007 through 2010, and as president of JMP Securities, from 2002 until 2007. Mr. Johnson was a founding member of Saw Island Asset Advisors, LLC, an alternative investment firm specializing in hedge fund investments which was acquired by Harvest Capital Strategies in 2003. Prior to founding Saw Island, Mr. Johnson spent 20 years, from 1980 through 2000, at Montgomery Securities and its successor, Banc of America Securities, most recently as director of global institutional sales and a member of the firm's executive committee. Mr. Johnson is chairman of Sanctuary Wealth Services, a provider of business support services for independent investment advisors, and is a member of the executive board of GSW Sports LLC, owner of the National Basketball Association's Golden State Warriors. He holds a BA degree from Stanford University.