Annaly Capital Management, Inc. Expands Leadership Team
January 07 2016 - 4:05PM
Business Wire
Annaly Capital Management, Inc. (NYSE:NLY) (“Annaly” or the
“Company”) today announced promotions of senior officers, recent
new hires and a broad expansion of the Operating Committee, the
Company’s firm-wide management team.
Kevin Keyes, Annaly’s Chief Executive Officer and President
commented: “We have made significant progress in establishing a
team with broad and complementary expertise to manage and lead the
firm now and in the future. With several key roles filled, Annaly
is poised to continue to grow and effectively manage our
diversified investment strategies.”
Promotion of Key Executives
Annaly is proud to announce the following promotions:
- David L. Finkelstein has been
named Chief Investment Officer, Agency and RMBS. David is also a
member of the Operating Committee. He joined Annaly in 2013 from
the Federal Reserve Bank of New York where he served as an Officer
in the Markets Group and was the primary strategist and policy
advisor for the MBS purchase program. David has over 20 years of
experience in Fixed Income. Prior to the Federal Reserve Bank of
New York, David held Agency MBS trading positions at Salomon Smith
Barney, Citigroup Inc. and Barclays PLC. David has a B.A. from the
University of Washington and an M.B.A. from the University of
Chicago, Booth School of Business.
- Timothy P. Coffey has been named
Annaly’s Chief Credit Officer. In this role, Tim will oversee the
expanded risk management team for Annaly’s three investment groups:
Agency and Residential Credit, Commercial Real Estate, and Middle
Market Lending. Tim is also a member of the Operating Committee and
has served as Head of Middle Market Lending since joining Annaly in
2010. Before joining Annaly, Tim was a Managing Director in the
Middle Market Leveraged Finance Group of the Bank of Ireland and,
prior to that, he worked in corporate and finance roles at Scotia
Capital Inc., Reliance Group Holdings, Inc. and SC Johnson Holdings
International Inc. Tim has a B.S. from Marquette University.
- Helen W. Crossen has been named
Chief Administrative Officer of Annaly and will also become a
member of the Operating Committee. Helen joined Annaly in 2014 as
the Head of HR. Helen will be responsible for overseeing the daily
activities of employees and internal operations of Annaly. Prior to
joining Annaly, Helen held HR roles at NBCUniversal Media LLC,
General Electric Company and International Business Machines
Corporation. Helen earned her B.A., M.A. and J.D. from Rutgers
University.
- Peter Dancy has been named Head
of Middle Market Lending. Prior to joining Annaly in 2010, Peter
had been Managing Director and Head of U.S. Sponsor Coverage for
Bank of Ireland. Peter has over 25 years of experience,
specifically focused on middle market leveraged finance
transactions. Peter received a B.A. from The College of Wooster and
an M.B.A. from the University of Chicago, Booth School of
Business.
- Jessica LaScala has been named
Head of Investor Relations. Jessica joined the Company in 2014 and
was most recently a Director of Portfolio Management in Annaly’s
Agency Group. Prior to joining Annaly, Jessica was at the Federal
Reserve Bank of New York where she managed Mortgage Operations for
the Federal Reserve’s MBS purchase program. Before joining the
Federal Reserve Bank of New York, Jessica worked at Citigroup Inc.
as an Agency MBS Trader. Jessica earned her B.A. from Columbia
University, Barnard College.
Continued Expansion of the Management
Team
In addition to the foregoing promotions, Annaly is announcing
the addition of senior hires across its investment businesses and
within its corporate infrastructure. The additions to the
management team are profiled below:
Agency and RMBS
- Johanna Griffin has joined
Annaly as Managing Director, Head of Agency and Non-Agency MBS
Risk. She joined the firm from Barclays PLC where she was Global
Head of Market Risk for Securitized Products. Johanna has also held
senior risk roles at UBS AG, as a Managing Director in its Fixed
Income and proprietary hedge fund divisions. Johanna has extensive
experience with MBS, analyzing trading strategies and establishing
risk frameworks to identify, measure and mitigate risks. Johanna
graduated from Villanova with a B.A. and is a member of the Global
Association of Risk Professionals.
Annaly Commercial Real Estate
- John Montesi has joined Annaly
as Managing Director – Syndications on the commercial real estate
team. Prior to joining Annaly, John was a Senior Vice President at
GE Capital Real Estate where he structured, priced and led the real
estate loans syndications and mezzanine debt placements for
portfolio and single asset loans. John has over 25 years of
commercial real estate experience and, in addition to his
experience at GE Capital Real Estate, has held roles at BNY Mellon.
John has a B.S. from Tufts University and a M.B.A. from Boston
University, Questrom School of Business.
- Paul C. Mundinger has joined
Annaly’s commercial real estate legal team as a Managing Director,
Associate General Counsel. Paul has over 30 years of experience as
a commercial real estate attorney, including the last 23 years with
the in-house legal department of GE Capital Real Estate. Paul has a
B.S. from Hamilton College and a J.D. from the University of San
Diego School of Law.
Annaly Corporate
- Audrey K. Susanin has joined
Annaly as Director, Associate General Counsel. Prior to joining
Annaly, Audrey was a Vice President and Assistant General Counsel
at News Corporation advising on matters related to corporate
governance, shareholder activism and engagement, securities laws
and executive compensation. Prior to News Corporation, Audrey was
an associate at Weil, Gotshal and Manges LLP. Audrey has a B.A.
from Cornell University and J.D. from Harvard Law School.
- Howard J. Kim has joined Annaly
as a Director, Head of Compensation, Benefits and HR Operations.
Prior to joining Annaly, Howard was the head of Global Compensation
at NASDAQ, Inc. Howard also held several compensation roles
including Global Compensation Head, Senior Vice President for
divisions within Citigroup Inc. Before joining Citigroup, Inc.,
Howard held an executive compensation role at Capgemini Ernst &
Young. Howard has a B.S. from New York University, Leonard School
of Business.
Additions to the Operating Committee
Given Annaly’s continued growth and expansion into diversified
investment businesses and the evolving market environment, the
Company has expanded its firm-wide Operating Committee with
complementary and broad experience. In addition to the previously
mentioned new members, the Company has added the following
executives to the Operating Committee:
- Steven F. Campbell, Head of
Credit Strategy. Steve joined Annaly in April 2015 from Fortress
Investment Group LLC where he held various roles over six years as
a Managing Director in the Credit Funds business. Steve has also
worked with D.B. Zwirn & Co, L.P. and General Electric Capital
Corporation with a focus on credit and debt restructuring. Steve
has a B.B.A. from the University of Notre Dame and an M.B.A. from
the University of Chicago, Booth School of Business.
- Anthony C. Green, Deputy General
Counsel. Anthony joined Annaly in 2009 from K&L Gates LLP where
he was a partner in the Corporate, Securities, Mergers &
Acquisitions Group. Anthony earned his B.A. from the University of
Pennsylvania and J.D. and LL.M. from Cornell Law School.
- Michael Quinn, Co-Head of
Commercial Real Estate. Mike joined Annaly in January 2014 and
along with Jeffrey J. Thompson, Co-Head of Commercial Real Estate,
oversees Annaly’s commercial real estate business and team. Mike
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 Investing platform. Mike has a B.B.A. from the University of
Notre Dame.
Effective in January 2016, the members of the Company’s
Operating Committee are:
- Kevin G. Keyes, Chief Executive Officer
and President
- Wellington J. Denahan, Executive
Chairman
- Glenn A. Votek, Chief Financial
Officer
- R. Nicholas Singh, Chief Legal
Officer
- David L. Finkelstein, Chief Investment
Officer, Agency and RMBS
- Timothy P. Coffey, Chief Credit
Officer
- Helen W. Crossen, Chief Administrative
Officer
- Steven F. Campbell, Head of Credit
Strategy
- Anthony C. Green, Deputy General
Counsel
- Michael Quinn, Co-Head of Commercial
Real Estate
About Annaly
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.
Other Information
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 Agency CRT securities, residential
mortgage-backed securities and related residential mortgage credit
assets, commercial real estate assets and corporate debt; our
ability to consummate any contemplated investment opportunities;
changes in government regulations affecting our business; our
ability to maintain our qualification as a REIT for federal income
tax purposes; 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.
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