Opteum Incorporated Appoints Chris Clifton as Senior Vice President, General Counsel and Chief Compliance Officer
08 Mai 2006 - 5:02PM
Business Wire
Opteum Incorporated (NYSE:OPX), a real estate investment trust
(REIT) that invests in residential mortgage-related securities and
originates loans through its taxable REIT subsidiary, Opteum
Financial Services, today announced the appointment of J.
Christopher Clifton as senior vice president, general counsel and
chief compliance officer, effective May 15, 2006. Clifton will
report to Jeffrey J. Zimmer, chairman, president and chief
executive officer, and joins Opteum from PPG Industries, Inc., a
global manufacturer of coatings, glass, fiber glass and chemicals,
where he was most recently the primary attorney supporting PPG's
Industrial Coatings business unit. Prior to that, he served as
PPG's finance and securities counsel, and was previously an
associate with Pillsbury Winthrop LLP, where he focused principally
on corporate, mergers and acquisitions, securities and finance
matters. "We are delighted to have Chris join us as we continue to
aggressively pursue our business objectives," said Zimmer. "With
his multidisciplinary legal, financial and accounting expertise, we
are confident that Chris will be a valuable contributor to our
senior management team." A graduate of Vanderbilt University School
of Law and the Owen Graduate School of Management at Vanderbilt,
Clifton holds an MBA in finance, is a Certified Public Accountant
and is admitted to the bars of New York, Connecticut, Pennsylvania
and Indiana. He is also a former director of the Western
Pennsylvania Chapter of the Association of Corporate Counsel and a
former Treasurer of the Pittsburgh Chapter of the Society of
Corporate Secretaries and Governance Professionals. About Opteum
Opteum Inc. is a real estate investment trust (REIT), which
operates an integrated mortgage-related investment portfolio and
mortgage origination platform. The REIT invests primarily in, but
is not limited to, residential mortgage-related securities issued
by the Federal National Mortgage Association (Fannie Mae), the
Federal Home Loan Mortgage Corporation (Freddie Mac) and the
Government National Mortgage Association (Ginnie Mae). Its earnings
are based on the spread between the yield on its assets and its
costs, including the interest expense on the funds it borrows.
Opteum's mortgage origination platform, Opteum Financial Services,
LLC, originates, buys, sells, and services residential mortgages
from 35 offices throughout the United States and operates as a
taxable REIT subsidiary.
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