On December 3, 2018, BrightSphere Investment Group plc announced that Guang Yang has been named as Executive Chair of the Board of Directors of the company (the Board of Directors"), effective as of November 30, 2018. In addition, Robert Chersi has been appointed as Lead Independent Director of the Board of Directors, effective as of November 30, 2018. On November 29, 2018, James Ritchie retired from his position as a director of the company and stepped down as Chair of the Board of Directors, effective as of November 29, 2018. Mr. Ritchie shall continue to provide assistance to the Board of Directors as a consultant pursuant to terms and conditions as agreed between Mr. Ritchie and the Board of Directors. In connection with his retirement from the Board of Directors, Mr. Ritchie also stepped down from his position as a member and Chair of the Nominating and Corporate Governance Committee of the Board of Directors (the Nominating and Corporate Governance Committee") and as a member of the Audit Committee of the Board of Directors (the Audit Committee"), each effective as of November 29, 2018. In addition, (i) Guang Yang has been appointed to each of the Audit Committee and the Compensation Committee of the Board of Directors (the Compensation Committee"), (ii) John Paulson has been appointed as a member and Chair of the Nominating and Corporate Governance Committee, (iii) Reginald Love has been appointed as a member of the Nominating and Corporate Governance Committee and (iv) Mary Elizabeth (Maliz) Beams has been appointed to the Compensation Committee, each effective as of November 30, 2018.