Glenn H. Tongue

Glenn H. Tongue serves as a member of the board of directors of JMP Group. He also serves on the board of directors' compensation committee, its corporate governance and nominating committee, and its audit committee. Mr. Tongue is the general partner of Deerhaven Capital Management and the sole portfolio manager of the Deerhaven Fund. From April 2004 until July 2012, he was a general partner and co-manager of T2 Partners Management and the co-manager of three private investment partnerships: the Tilson Growth Fund, the Tilson Offshore Fund and the T2 Qualified Fund. Prior to joining T2 Partners, Mr. Tongue spent seventeen years working on Wall Street, most recently as an investment banker at UBS, where he was a managing director. Previously, Mr. Tongue served as president of DLJdirect, a publicly traded online brokerage firm that was spun out of investment bank Donaldson, Lufkin & Jenrette in 1999. Mr. Tongue oversaw both DLJdirect's initial public offering and its eventual sale. Additionally, Mr. Tongue was a managing director for ten years in the investment banking group at Donaldson, Lufkin & Jenrette.