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David M. DiPietro serves as a member of the board of directors of JMP Group. He also serves on the board of directors' audit committee and its corporate governance committee. Mr. DiPietro is a portfolio director for Greenspring Associates, a provider of comprehensive venture capital solutions to a diverse group of global institutions and individuals. Mr. DiPietro was formerly president of Signal Hill Capital Group LLC, a boutique investment bank headquartered in Baltimore, Maryland, where he initiated and oversaw the firm's institutional equities business as well as its venture capital and private equity coverage initiatives. From 1999 through 2003, Mr. DiPietro was vice chairman of the board of directors of Deutsche Bank Securities and a member of the firm's global operating committees for equities and private wealth management, at first serving as head of North American equities and later as head of the private client division. From 1992 through 1999, he managed the equity capital markets division at Bankers Trust Company, which was acquired by Deutsche Bank in 1999, and at Alex. Brown Incorporated, which was acquired by Bankers Trust in 1997. Mr. DiPietro previously held an equity capital markets role at Merrill Lynch and a research position at the Federal Reserve Bank of Philadelphia.