NEW YORK--(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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170117006330/en/
Annaly Capital Management, Inc.
Investor Relations
1-888-8Annaly
www.annaly.com
Source: Annaly Capital Management, Inc.