· Press Release

Chris Ferraro Joins Cerberus as Senior Managing Director

NEW YORK, NY – November 14, 2018 – Cerberus Capital Management, L.P. (“Cerberus”), a global leader in alternative investing, today announced that Chris Ferraro will join Cerberus as a Senior Managing Director in the Financial Institutions Group (“FIG”) within Cerberus Operations and Advisory Company, LLC, effective November 19, 2018.

Mr. Ferraro joins Cerberus from JPMorgan Chase & Co. where he was most recently Head of Financial Analysis. In his role at Cerberus, Mr. Ferraro will work with Matt Zames, President of Cerberus, and the firm’s FIG team to drive investing and operating initiatives in the financial services industry.

“Chris is an accomplished executive and disciplined operator with a proven track record of creating value and managing risks for a world-class organization,” said Mr. Zames. “He is a creative problem solver, who deeply understands financial valuation, competitive and landscape analysis, asset and liability pricing, sustainable process, and people leadership. I am excited to welcome him to Cerberus and leverage his experience within our FIG practice.”

In Mr. Ferraro’s former role as Head of Financial Analysis at JPMorgan Chase, he managed the company’s financial planning and analysis team and the innovation efforts under the Office of the CFO, including the data science, estimation development, and automation groups. The international team of over 1,200 employees focused on optimizing stakeholder value, adding flexible capabilities, and improving efficiency and transparency. Prior to that, he held various senior roles of increasing responsibility at the company, including as Treasurer of Chase Consumer and Community Banking, where he led the asset and liability management for the $500 billion balance sheet of loans and deposits. He also served as Head of Financial Planning and Analysis and Deputy Treasurer at Chase Consumer and Community Banking and led various pricing and valuation roles.

“Cerberus is globally recognized for integrating its best-in-class operating capabilities into its investment activities,” commented Mr. Ferraro. “I look forward to working with Matt again and the Cerberus team to help drive the performance of the firm’s investments in the financial services industry, while also identifying new opportunities to deliver long-term value.”

About Cerberus

Founded in 1992, Cerberus is a global leader in alternative investing with over $35 billion in assets across complementary credit, private equity, and real estate strategies. We invest across the capital structure where our integrated investment platforms and proprietary operating capabilities create an edge to improve performance and drive long-term value. Our tenured teams have experience working collaboratively across asset classes, sectors, and geographies to seek strong risk-adjusted returns for our investors. For more information about our people and platforms, visit us at www.cerberus.com.

Media Contact

Torrey Leroy

Cerberus Corporate Communications

1-646-885-3029

tleroy@cerberuscapital.com