- The Board will benefit from Mr. Hamilton’s significant experience
and financial industry expertise across fixed income markets
- Appointment of Mr. Hamilton adds further depth to Annaly’s Audit
and Risk Committees
- Composition of Annaly’s Board of Directors now includes 13 members,
11 of whom are independent
NEW YORK--(BUSINESS WIRE)--
Annaly Capital Management, Inc. (NYSE: NLY) (“Annaly” or the “Company”)
today announced that the Board of Directors of the Company (the “Board”)
has elected Thomas Hamilton, former Global Head of Securitized Product
Trading and Banking and Head of Municipal Trading and Banking at
Barclays Capital, as an independent member of the Board, effective March
6, 2019. Annaly takes a strategic approach to board composition with the
addition of Mr. Hamilton, which brings the Board to 13 members, 11 of
whom are independent.
“Tom adds deep financial services acumen to our Board across a number of
investment strategies fundamental to Annaly’s business,” said Kevin
Keyes, Chairman, Chief Executive Officer and President. “Tom has a
phenomenal reputation and is a proven expert and leader in our industry
with decades of experience across the fixed income arena – with
particular proficiency in mortgage markets and securitized products,
risk management and business strategy.” Mr. Keyes continued, “The
Directors we have named over the past two years align with Annaly’s
continued strategic evolution and enhance the Board’s expertise across a
number of dimensions, including corporate governance, accounting, public
policy, human resources and global financial services. We welcome Tom to
our Board and look forward to the value his business insight and
leadership will contribute to the future of our Company.”
Mr. Hamilton has served as the President, Chief Executive Officer and
Owner of Construction Forms, Inc., an industrial manufacturing company,
since 2013. Prior to his current position, Mr. Hamilton spent 24 years
in a number of leadership positions in the financial industry. Most
recently, Mr. Hamilton served as Strategic Advisor to the Global Head of
Fixed Income, Currencies and Commodities at Barclays Capital in New
York. Mr. Hamilton’s prior roles at Barclays include serving as the
Global Head of Securitized Product Trading and Banking, in which
capacity he was responsible for the build out of Barclay’s Global
Securitized Product businesses, and as the Head of Municipal Trading and
Banking. Prior to Barclays, Mr. Hamilton held various Managing Director
roles at Citigroup, Inc. and Salomon Brothers, Inc., where he began his
career.
Mr. Hamilton also serves as Chairman of the Board of Chondrial
Therapeutics, Inc., a biotech company he started to cure a rare
neurodegenerative disease called Friedreich’s Ataxia. He is also a
Director of the Friedreich’s Ataxia Research Alliance, along with
Co-Founder of his own charitable scientific effort, the CureFA
Foundation.
Given the Company’s declassification of the Board in December of 2018,
Mr. Hamilton will stand for re-election to the Board at the Company’s
2019 Annual Meeting of Stockholders for a term of one year. Mr. Hamilton
has been appointed to the Board’s Audit Committee and Risk Committee.
About Annaly
Annaly is a leading diversified capital manager that invests in and
finances residential and commercial assets. Annaly’s principal business
objective is to generate net income for distribution to its stockholders
and to preserve capital through the prudent selection of investments and
continuous management of its portfolio. Annaly has elected to be taxed
as a real estate investment trust, or REIT, for federal income tax
purposes. Annaly is externally managed by Annaly Management Company LLC.
Additional information is available at www.annaly.com.
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 real estate business; our ability to grow our residential
credit business; our ability to grow our middle market lending 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; our ability to consummate any contemplated investment
opportunities; changes in government regulations or policy affecting our
business; our ability to maintain our qualification as a REIT for U.S.
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, except as
required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190307005816/en/
Annaly Capital Management, Inc.
Investor Relations
1-888-8Annaly
www.annaly.com
Source: Annaly Capital Management, Inc.