Annaly Capital Management, Inc. Promotes Ilker Ertas to Chief Investment Officer
14 Dezember 2021 - 1:30PM
Business Wire
Annaly Capital Management, Inc. (NYSE: NLY) (“Annaly” or the
“Company”) announced today that it has promoted Ilker Ertas to
Chief Investment Officer effective immediately. He will continue to
report to David L. Finkelstein, Annaly’s Chief Executive Officer
and a member of the Company’s Board of Directors, who previously
held the role of Chief Investment Officer since 2016.
As Chief Investment Officer, Mr. Ertas will be responsible for
overseeing all of Annaly’s investment strategies including capital
allocation, growth initiatives and overall portfolio operations. He
will continue to serve as a member of Annaly’s Operating
Committee.
Mr. Ertas has demonstrated leadership in managing Annaly’s
Agency and Residential Credit investment strategies, most recently
as Head of Securitized Products, since joining Annaly in 2015. He
has over 20 years of experience in U.S. fixed income markets. Prior
to joining Annaly, Mr. Ertas worked at Citigroup Inc., where he was
most recently a Managing Director and Head of Mortgage Derivatives
Trading. Mr. Ertas has also held mortgage trading positions at
Barclays PLC and Lehman Brothers Holdings Inc. Mr. Ertas received a
B.S. in Industrial Engineering from Bogazici University in
Istanbul, Turkey and a M.B.A. from the Yale School of
Management.
David L. Finkelstein, Chief Executive Officer, commented: “As we
further expand our mortgage finance footprint, I am happy to
announce that Ilker has been promoted to Chief Investment Officer.
This transition, which is part of our broader executive leadership
planning, is a natural one as Ilker has been instrumental in
shaping our current investment portfolio, leveraging his deep
knowledge of Agency MBS, non-Agency securities and whole loans, and
other residential and commercial products, including mortgage
servicing rights. I’ve worked with Ilker for over two decades and I
am confident in his ability to manage our investment strategies and
deliver a strong return for our shareholders.”
Ilker Ertas, Chief Investment Officer, stated: “I am honored to
take on my new role as Chief Investment Officer. Annaly has been a
leader in the mortgage finance industry since its founding and I am
excited to help steer the portfolio as we continue to grow into new
areas such as mortgage servicing rights and expanded products
within residential credit. With the largest capital base in the
mortgage REIT sector and a high-quality investment portfolio,
Annaly is well positioned to continue to provide competitive
risk-adjusted returns for our shareholders. I am grateful to David
for his support and look forward to our continued partnership.”
About Annaly
Annaly is a leading diversified capital manager with investment
strategies across mortgage finance and corporate middle market
lending. Annaly’s principal business objective is to generate net
income for distribution to its stockholders and to optimize its
returns through prudent management of its diversified investment
strategies. Annaly is internally managed and has elected to be
taxed as a real estate investment trust, or REIT, for federal
income tax purposes. Additional information on the company can be
found 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, risks and
uncertainties related to the COVID-19 pandemic, including as
related to adverse economic conditions on real estate-related
assets and financing conditions; 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
financing; changes in the market value of our assets; changes in
business conditions and the general economy; operational risks or
risk management failures by us or critical third parties, including
cybersecurity incidents; 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 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. 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. The Company does not
undertake, and specifically disclaims 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.
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Annaly Capital Management, Inc. Investor Relations 1-888-8Annaly
investor@annaly.com
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