Annaly Capital Management, Inc. Announces the Appointment of Anthony C. Green as Chief Legal Officer & Retirement of R. Ni...
January 17 2017 - 04:05PM
Business Wire
Annaly Capital Management, Inc. (NYSE: NLY) (“Annaly” or the
“Company”) today announced the decision of R. Nicholas Singh to
retire as Chief Legal Officer of the Company, effective March 1,
2017. The Board of Directors thanks Mr. Singh for his many years of
service and valuable contributions to the Company. Anthony C.
Green, 42, will be appointed as Chief Legal Officer of the Company,
effective upon Mr. Singh’s retirement.
“On behalf of the Board of Directors and our executive
management team, I want to personally thank Nick for all he has
done for the Company and wish him all the best in his retirement,”
said Kevin Keyes, Chief Executive Officer and President of Annaly.
“Nick has had an impressive legal career, including serving as the
Chief Legal Officer of the Company for the past twelve years and
prior to that, as our primary outside counsel since 2000. He has
successfully headed our legal team through our tremendous growth
over the years, our resiliency during the financial crisis of 2008,
the transformation of the Company through our diversification
strategy and played an integral role in numerous strategic
transactions including our recent $1.5 billion acquisition of
Hatteras Financial Corp. Nick always maintained a consistent focus
on doing what is in the best interest of the Company and our
shareholders.”
“I am grateful for the opportunity to have been a member of
Annaly’s leadership team,” Mr. Singh commented. “I am also very
optimistic about Annaly’s future because of our talented and
hardworking team that will lead Annaly going forward. I would also
like to thank Kevin and Wellington as well as the other members of
the Board for all they have done on behalf of the Company.”
Regarding Mr. Green’s appointment, Mr. Keyes remarked “Anthony
is very well prepared for this role. He has demonstrated his
ability to successfully manage and navigate complex legal
situations, maintains a tireless work ethic and is a highly
respected member of our senior management team. The Board and I
congratulate Anthony on his promotion, we are grateful for all of
his contributions to date and look forward to him continuing to
help drive Annaly’s performance as the industry leader for years to
come.” Mr. Green will report directly to Mr. Keyes, and continue to
serve as a member of Annaly’s Operating Committee. Mr. Green
currently serves as the Company’s Deputy General Counsel.
Anthony C. Green
Anthony C. Green has served as Annaly’s Deputy General Counsel
since 2009. Prior to joining Annaly, Mr. Green was a partner in the
Corporate, Securities, Mergers & Acquisitions Group at the law
firm K&L Gates LLP. Mr. Green has over 17 years of experience
in corporate and securities law. Mr. Green holds a B.A. from the
University of Pennsylvania and a J.D. and LL.M. from Cornell Law
School.
General
Annaly’s principal business objectives are to generate net
income for distribution to its shareholders from its investments
and capital preservation. 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.
Forward-Looking Statements
This news release and our public documents to which we refer
contain or incorporate by reference certain forward-looking
statements which are based on various assumptions (some of which
are beyond our control) and may be identified by reference to a
future period or periods or by the use of forward-looking
terminology, such as “may,” “will,” “believe,” “expect,”
“anticipate,” “continue,” or similar terms or variations on those
terms or the negative of those terms. Actual results could differ
materially from those set forth in forward-looking statements due
to a variety of factors, including, but not limited to, changes in
interest rates; changes in the yield curve; changes in prepayment
rates; the availability of mortgage-backed securities and other
securities for purchase; the availability of financing and, if
available, the terms of any financings; changes in the market value
of our assets; changes in business conditions and the general
economy; our ability to grow our commercial business; our ability
to grow our residential mortgage credit business; credit risks
related to our investments in credit risk transfer securities,
residential mortgage-backed securities and related residential
mortgage credit assets, commercial real estate assets and corporate
debt; risks related to investments in mortgage servicing rights and
ownership of a servicer; our ability to consummate any contemplated
investment opportunities; changes in government regulations
affecting our business; our ability to maintain our qualification
as a REIT; and our ability to maintain our exemption from
registration under the Investment Company Act of 1940, as amended.
For a discussion of the risks and uncertainties which could cause
actual results to differ from those contained in the
forward-looking statements, see “Risk Factors” in our most recent
Annual Report on Form 10-K and any subsequent Quarterly Reports on
Form 10-Q. We do not undertake, and specifically disclaim any
obligation, to publicly release the result of any revisions which
may be made to any forward-looking statements to reflect the
occurrence of anticipated or unanticipated events or circumstances
after the date of such statements, except as required by law.
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