Kenneth M. Karmin

Kenneth M. Karmin serves as a member of the board of directors of JMP Group. He is the company's presiding director in executive sessions. He also serves on the board of directors' compensation and corporate governance and nominating committees and serves as the chairperson of its audit committee. Mr. Karmin is a principal of High Street Holdings, a diversified investment company, and is chief executive officer of Ortho Mattress Inc. From 1993 to 1998, Mr. Karmin served as a managing director at Credit Agricole Futures, SNC in London. He was also managing director of the financial futures and options department in the London offices of Rodman & Renshaw, Inc. prior to the acquisition of the firm's U.K. branch by Credit Agricole. Mr. Karmin previously worked at Drexel Burnham Lambert Inc. in its institutional financial futures division.