Hatteras Financial Announces Addition to Management Team
March 15 2012 - 3:55PM
Business Wire
Hatteras Financial Corp (NYSE: HTS) announced today that
James (Jim) B. Sutton will join the management team at Atlantic
Capital Advisors LLC (“ACA”), the manager of Hatteras Financial
Corp. and ACM Financial Trust, Inc. as Director of Derivative
Strategies. His responsibilities will be to administer all hedging
activities of the managed companies; including interest rate hedge
execution, modeling and monitoring the derivative portfolio, and
related compliance.
Mr. Sutton most recently served as a Director of Global Rates
and Currencies with Bank of America Merrill Lynch, where he advised
clients on their interest rate hedging needs. Mr. Sutton has over
18 years of experience working with clients seeking solutions to
limit their interest rate risk through the use of hedging products
and techniques. Mr. Sutton earned a Master of Business
Administration from Wake Forest University and a Bachelor of Arts
in Public Policy and Economics from Duke University.
“Jim has an outstanding track record of interest rate risk
solutions through multiple interest rate and economic cycles,” said
Michael R. Hough, the company’s Chief Executive Officer. “We are
fortunate to have attracted someone of his caliber to our team and
are excited with the benefits Hatteras and ACM will enjoy from his
expertise. This is an interest rate risk management business and
the addition of Jim should enhance our capabilities and long-term
success.”
About Hatteras Financial Corp.
Hatteras Financial is a real estate investment trust formed in
2007 to invest in single-family residential mortgage pass-through
securities guaranteed or issued by U.S. Government agencies or U.S.
Government-sponsored entities, such as Fannie Mae, Freddie Mac or
Ginnie Mae. Based in Winston-Salem, N.C., Hatteras is managed and
advised by Atlantic Capital Advisors LLC. Hatteras is a component
of the Russell 2000® and the Russell 3000® indices.
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