E. Wayne Nordberg was elected to serve as an independent director of Annaly in 2004. Mr. Nordberg has over 25 years real estate industry experience including currently serving as Chairman of Hollow Brook Wealth Management, LLC, an SEC registered investment advisor, which manages or advises $1.4 billion of investment assets, including the Lafayette College Endowment Fund. Prior to Hollow Brook Wealth Management, Mr. Nordberg served as a senior director of Ingalls & Snyder LLC, an NYSE member and registered investment advisor. He also served in various capacities for Lord Abbett & Co., a mutual fund company, including partner and director of its family of funds. Mr. Nordberg has previously served on the board of KBW Asset Management, Inc., an affiliate of Keefe, Bruyette, & Woods, Inc., a registered investment advisor. Mr. Nordberg holds a B.A. from Lafayette College, where he is a Trustee Emeritus.