Annaly Capital Management, Inc. Announces Promotions

NEW YORK--(BUSINESS WIRE)--

Annaly Capital Management, Inc. (NYSE: NLY) today announced the following promotions: James Fortescue, Kristopher Konrad and Rose-Marie Lyght have each been named Managing Director. Mr. Fortescue, who joined the company in 1995, is responsible for all financing operations at Annaly and FIDAC and will continue to hold the title of Head of Liabilities. Mrs. Lyght and Mr. Konrad, who joined Annaly in 1999 and 1997, respectively, oversee the company's portfolio and asset selection activities and will continue to be Co-Heads of Portfolio Management.

Several other individuals were also recently promoted: Mohit Marria, Nancy Murtha and Konstantin Pavlov were each named Senior Vice President; Peter Koukouras, Michael Mulroe, Ryan O'Hagan, Meredith Pettegrow, Michelle Trilli and Daniel Wickey were each named Vice President.

Michael A.J. Farrell, Chairman, CEO and President of Annaly, commented on the title changes. "With these promotions, we wish to recognize the important part each person plays in the development and growth of our company, and we look forward to their continuing contributions to the success of Annaly. The people who work here are indeed our company's most valuable assets."

Annaly manages assets on behalf of institutional and individual investors worldwide through Annaly and through the funds managed by its wholly-owned registered investment advisor, FIDAC. The Company's principal business objective is to generate net income for distribution to investors from the spread between the interest income on its mortgage-backed securities and the cost of borrowing to finance their acquisition and from dividends Annaly receives from FIDAC, which earns investment advisory fee income.

Source: Annaly Capital Management, Inc.