Annaly Capital Management, Inc. Announces Promotions and Additions to Management Team
April 09 2014 - 4:05PM
Business Wire
Annaly Capital Management, Inc. (NYSE:NLY) (Annaly) today
announced a series of updates on its recent initiatives to broaden
and strengthen its management team. “We are always focused on
developing our people while looking to attract experienced talent
from the marketplace,” said Wellington Denahan, Annaly’s Chief
Executive Officer.
“Over the past year we’ve been very successful in continuing to
develop and enhance our respective teams,” commented Kevin Keyes,
Annaly’s President. “We’ve made significant additions in our core
businesses and continue to ensure that our corporate
infrastructure, including our finance, technology and risk
management groups, are structured appropriately for the company’s
future growth.”
Agency Investments Team Enhancements
Annaly has recently added David Finkelstein as a Managing
Director to its Agency portfolio team. Mr. Finkelstein joins Annaly
from the Federal Reserve Bank of New York, Markets Group. He has
over 18 years of industry experience, including holding senior
trading positions in the Agency MBS groups of Barclays and
Citigroup. Mr. Finkelstein has a B.A. from the University of
Washington and an M.B.A. from the University of Chicago Graduate
School of Business.
In addition, long time Annaly veteran Nancy Murtha has been
promoted to Managing Director of Annaly’s Agency portfolio team
where she will undertake an expanded leadership role.
Annaly is also proud to announce that Jessica LaScala has joined
as a Director in its Agency portfolio team. Ms. LaScala joins
Annaly from the Federal Reserve Bank of New York. Prior to the
Federal Reserve Bank of New York, Ms. LaScala worked at Citigroup
for over 10 years on its Agency MBS trading desk. Ms. LaScala has a
B.A. from Columbia University, Barnard College.
Expansion of Commercial Real Estate
Origination Team
As part of Annaly’s expansion of its commercial real estate
platform, Michael Quinn has joined Annaly to serve as Head of
Equity Commercial Real Estate Investment. Mr. Quinn has over 20
years of experience in commercial real estate, including serving as
a Managing Director of Morgan Stanley with senior investment
responsibilities for the Morgan Stanley Real Estate Investment
funds. Mr. Quinn has a B.B.A. from the University of Notre
Dame.
Growth of Middle Market Lending
Platform
Annaly has also added to its middle market lending platform in
recent months. J. David Frost has joined Annaly as a Managing
Director in Annaly’s middle market lending team. Mr. Frost has 20
years of experience in investment banking and middle market
lending, including senior positions with Houlihan Lokey and
Plainfield Asset Management. Mr. Frost has a B.S. from the
University of Virginia, McIntire School of Commerce.
Development of Technology
Infrastructure
Annaly has expanded its technology infrastructure management
through the addition of Michael Maffattone as the Chief Technology
Officer of Annaly. Mr. Maffattone has over 25 years of experience
in systems development and business process engineering in the
trading, banking and investment management industries. Most
recently, Mr. Maffattone was the Chief Technology Officer of
Harvard Management Company and prior to that was Chief Information
Officer of Caxton Associates LLC. Mr. Maffattone has a B.S. from
the City University of New York and is a graduate of the ABA
Stonier Graduate School of Banking at Georgetown University.
Continued Finance, Risk and Legal
Enhancements
Annaly also continues to expand its finance and risk
infrastructure. Long time Annaly veterans Pete Koukouras and
Konstantin Pavlov have been promoted to Head of Repo Trading and
Head of Alternative Financing, respectively. In addition,
Christopher Grimes has joined Annaly as a Director from CIT Group
Inc. Mr. Grimes has over 20 years of experience in financial and
risk management, including senior level experience in the design
and operation of funding, investments and capital and enterprise
risk management programs. Mr. Grimes has a B.S. from Villanova
University and an M.B.A. from Fordham University.
Allison Werry has joined Annaly as a Director in Annaly’s
financial and risk teams where she will focus on Annaly’s
commercial real estate investments. She joins Annaly from Kroll
Bond Rating Agency, Inc. where she was a senior director and Head
of CMBS Surveillance. She has over 17 years of experience in which
she has focused on credit risk related to commercial real estate
investments. Ms. Werry has a B.S. from Cornell University.
Annaly also continues to expand its legal department through
additions to its commercial real estate legal team. Sarah Fowlkes
has joined Annaly as an Associate General Counsel and a Director in
the commercial real estate group. She joins Annaly from Allen &
Overy LLP. Ms. Fowlkes has an A.B. from Princeton University and a
J.D. from Columbia Law School.
Krista Patterson has joined Annaly as an Associate General
Counsel and a Vice President in the commercial real estate group.
She joins Annaly from Gibson, Dunn & Crutcher LLP. Ms.
Patterson has a B.A. from Duke University and a J.D. and a LL.M. in
Comparative and International Law each from the Duke University
School of Law.
Other Information
Annaly’s principal business objective is to generate net income
for distribution to its shareholders from its investments. Annaly
is a Maryland corporation that has elected to be taxed as a real
estate investment trust (REIT). Annaly is managed and advised by
Annaly Management Company LLC. Each of the individuals named in
this release is employed by Annaly Management Company LLC and
provides services to Annaly pursuant to the management agreement
between Annaly and Annaly Management Company LLC.
Annaly Capital Management, Inc.Investor Relations,
888-8Annalywww.annaly.com
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