Mr. McMahon, age 46, was elected a Director of the General Partner in April 2012. Mr. McMahon is President of AXA Equitable Life Insurance Company and a member of the company’s Executive Committee and Board of Directors. In this role, Mr. McMahon has responsibility for the company’s Financial Protection & Wealth Management business, including life insurance manufacturing, marketing, distribution and in-force management. He is also Chairman of AXA Advisors, LLC, the company’s broker/dealer and retail distribution channel comprised of approximately 6,000 career-contracted financial professionals. He joined AXA Equitable in March 2005 as Senior Vice President to launch the company’s Strategic Initiatives Group. Later that year, Mr. McMahon was promoted to Executive Vice President and was named Chief Operating Officer of AXA Advisors. He was named Chairman of AXA Advisors in 2007. Before joining AXA Equitable, Mr. McMahon was a principal at McKinsey & Co. (“McKinsey”) and served as a life insurance practice leader in North America. Prior to McKinsey, he spent several years in management positions with various business divisions of General Electric. Mr. McMahon has been a Director of AXA Financial, Inc., AXA Equitable Life Insurance Company and MONY Life Insurance Company since May 2011. Mr. McMahon has been a Director of AXA Financial, AXA Equitable, MONY and MLOA since May 2011. He is also a member of the Board of Directors of the American Council of Life Insurers.