david finkelstein annaly compensation

Most recently, Mr. Hamilton served as a Strategic Advisor to the Global Head of Fixed Income, Currencies and Commodities at Barclays Capital in New York. Mr. David L. Finkelstein, C.F.A., serves as Chief Investment Officer of Annaly Capital Management, Inc. since November 16, 2022. . As COO, Steve will expand on the work he's been doing as Head of Business Operations and work closely with the executive team to help oversee Annaly's overall operations and risk management functions. In addition to her roles at KPMG, as a Native American Indian and member of the Ho-Chunk Nation Tribe, Dr. Hannan served on President George W. Bushs National Advisory Council on Indian Education. As always we spent time analyzing the results of the reserve calculations and ensuring our expectations align with the quality of the portfolio and the performance of the borrowers. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Compensation Ownership; David . Okay. David Finkelstein, Annaly's Chief Executive Officer and Chief Investment Officer, commented: "Since 1997, Annaly has become the largest mortgage REIT in the world and delivered $24 billion in dividends to our shareholders in a variety of interest rate and economic conditions. Trustee. None of Annaly's achievements would have been possible without . While financial conditions have stabilized, there is still significant uncertainty around the long-term economic picture. He is also a Director of the Friedreichs Ataxia Research Alliance, along with Co-Founder of his own charitable scientific effort, the CureFA Foundation. David Finkelstein About Us; Blog; Press; AFLCIO.tv; Union Plus Benefits; Toggle Search Form . Mr. Finkelstein has 25 years of experience in fixed income investments. Right. Executive Officers | Annaly Capital Additional information on the Company can be found at www.annaly.com. 1 dividend stock for a LIFETIME of income. Comprehensive performance, salary and tenure analysis for the CEO, board and leadership team. We encourage you to read the disclaimer in our earnings release in addition to our quarterly and annual filings. The market dysfunction that occurred amid the initial COVID outbreak in the US has dissipated and we have seen significant improvement in liquidity and asset pricing. Dr. Hannan previously served as the Midwest Area Managing Partner for KPMGs Tax Services. But the good news is, if China invades Taiwan, there is a way to protect yourself. Prior to that, he worked at AT&T and its finance subsidiary from 1986 to 1999 in various financial management roles. Mr. Finkelstein received a B.A. Following one of the most challenging and unforeseen operating environments in analysts history, we were pleased with our performance during the second quarter. PHIL 21505/31505 Wonder, Magic, and Skepticism. David Finkelstein, Annaly's Chief Executive Officer and Chief Investment Officer, commented: "Since 1997, Annaly has become the largest mortgage REIT in the world and delivered $24 billion in . The charts on this page feature a breakdown of the total annual pay for the top executives at ANNALY CAPITAL MANAGEMENT as reported in their proxy statements. NEW YORK -- (BUSINESS WIRE)-- Annaly Capital Management, Inc. (the "Company" or "Annaly") today announced management promotions within its senior executive team, which are effective immediately. from the University of Michigan and J.D. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. Appreciate the color. Annaly Capital Management, Inc. Names David L. Finkelstein Chief Highlights and achievements from the 2021 Corporate Responsibility Report include: To learn more about Annalys corporate responsibility initiatives and to view the 2021 Corporate Responsibility Report, please visit www.annaly.com/our-responsibility. Vicki Williams was appointed to serve as an independent director of Annaly effective January 2018. Francine J. Bovich was elected to serve as an independent director of Annaly in 2014. I am pleased to share all that we have accomplished in 2021, including enhancing the Companys executive compensation program, expanding our parental leave and fertility benefits and providing additional climate-related disclosures. The largest trade he's ever made was buying 200,000 units of Annaly Capital Management Inc stock on 17 June 2022 worth over $1,112,000. Stock Market | Pittsburgh Post-Gazette Mr. Reeves has also served as General Counsel & Secretary of The Duchossois Group, a family-owned holding company comprised of diversified operating companies and DCM, since 2007 and its Chief Administrative Officer since 2017. Anthony C. Green is Chief Corporate Officer and Chief Legal Officer of Annaly. We also announced two leadership changes, Steve Campbell was appointed as Chief Operating Officer and Glenn Votek will retire from his role as Senior Advisor at the end of August while remaining a Director on our board. [Operator instructions] Our first question comes from Eric Hagen with KBW. As of 1 February 2023 he still owns at least 401,561 units of Annaly Capital Management Inc stock. As I mentioned we out-earned the dividend by $0.05 this quarter and absent another market dislocation or other foreseen developments, we expect Q3 core canings to also the dividend. On average, Mr trades about 51,067 units every 152 days since 2016. Mr. Campbell also worked at General Electric Capital Corporation and D.B. Mar 16, 2020. Overall we feel good about conservative positioning in the portfolio across sectors and the strength of our relationships with best in class sponsors and operating partners to mitigate in further disruption. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Wellington J. Denahan co-founded Annaly in 1996 and has served as a Director since that time. Last updated: 1 March 2023 at 11:00am EST. Jun 09, 2022. We recorded reserves associated with our credit businesses of $68.8 million on funded commitments during the second quarter. Wallmine is a radically better financial terminal. The report demonstrates Annalys continued focus on setting and measuring progress on environmental, social and governance (ESG) goals, as well as its commitment to providing increased disclosure and transparency. We've isolated around where we ended the quarter and right now as about last night it's up roughly 1%. Mr. Haylon has served as Managing Director and Head of Conning North America at Conning, Inc., a global provider of investment management solutions, services and research to the insurance industry, since June 2018. NEW YORK, June 09, 2022--Annaly Capital Management, Inc. (NYSE: NLY) (the "Company" or "Annaly") announced today the publication of its third corporate responsibility report for the year 2021 . Ms. Wolfe currently serves on the boards of Berkshire Grey, Inc. and Doma Holdings, Inc. Ms. Wolfe received a Bachelor of Commerce in Accounting from the University of Queensland. Non-agency securities across legacy CRT jumbo 2.0 and non-QN have seen substantial recovery. So broadly speaking in agency it's probably pool pricing and in credit there could be unforeseen events given the economy that could disrupt individual assets. Following the completion of the transaction, the chief executive officer now directly owns 1,669,013 shares of the company's stock, valued at $9,279,712.28. All participants will be in a listen-only mode. You may now disconnect. Nov 07, 2016. This net worth evaluation does not reflect any other assets that Mr. Finkelstein may own. From 1997 to 1998, Mr. Schaefer was Managing Director and Head of Strategic Planning and Capital Management at Morgan Stanley. Just on the TBAs again just every mortgage rate, it feels like accounts for $I specialness a little differently in their NIM. With the improved stability in the financial markets, we've seen an improvement of lenders appetite to finance credit assets particularly in the residential space in anticipation of the expiration of our FHLB membership in February of 2021, we're executing an offset financing strategy involving committed funding facilities for our residential credit business and as David mentioned, we maintain a strong presence in residential securitization market. As a reminder, the impending model introduced by the new Cecil is based on expected losses rather than incurred losses, which was the previous management for reserve historically. Securitization market started to show signs of life in mid-May and we issued nearly $500 million of expanded prime securities earlier this month, subsequent to quarter end. Corporate Responsibility CommitteeRisk Committee. Annaly Capital Management, Inc. Names David L. Finkelstein Chief Executive Officer Interim CEO Glenn Votek to Assume Role of Senior Advisor and Remain on the Board of Directors March 16, 2020 07: . Non-Equity Incentive Plan Compensation: $0: Change in Pension Value and Deferred Compensation Earnings: $0: All Other Compensation: $13,763: Total: $9,138,764: Annaly Capital Management, Inc. disclosed its CEO pay was. Vice ChairRisk Committee (Chair)Corporate Responsibility Committee. Net Worth The estimated Net Worth of David L Finkelstein is at least Annaly Capital Management Inc . 1-888-8Annaly As I mentioned last quarter, we expect to see more growth in this segment as markets continue to normalize and we are encouraged by the steady pace of securitization activity to support our asset generation strategy. Mr. Schaefer was Executive Vice President and Chief Strategic and Administrative Officer of Morgan Stanley from 1998 to 2000. Now turning specifically to the agency market, the fed's purchase in upwards of $850 billion MBS in just over four months has dramatically altered the supply and demand picture for the sector. You may also find the annual proxy statement by going directly to the company's website. Prior to joining Annaly in 2013, Mr. Finkelstein served for four years as an Officer in the Markets Group . These and our other ESG milestones have helped create durable value for all of our stakeholders., Corporate Responsibility Report Highlights. He received an undergraduate degree from the University of Washington and an MBA from The University of Chicago Booth School of Business. Prior to joining Annaly in April 2015, Mr. Campbell held various roles over six years at Fortress Investment Group LLC, including serving as a Managing Director in the Credit Funds business. No, I think I understand. Current positions of David Finkelstein. Sure Ken you bet and what I meant by that is that the increase in agency could occur over the very short term as credit markets are still redeveloping and we do have some runoff in that capital will be reallocated to agency over the very near term and when we say that, a very small percentage. After a pace of purchases at the height of the volatility to reach nearly $50 billion per day to help stabilize sector, that is transitioned to a steady run rate of $40 billion per month net of portfolio runoff, which on a gross basis equates to roughly 40% current agency issuance. From 1990 until 1994, he was Senior Vice President of Fixed-Income at Phoenix Home Life Insurance Company. Yeah it depends on the shape of the curve, like over the last couple of months, the term structure of repo has flattened pretty considerably, which has enabled us to extend out curve at very attractive rate. Click here to read the full letter and more from Annaly's 2020 Annual Report. We can't say how long that will persist for, but we do think about this for much more than just the quarter or two where we do have the specialist and we're trying to get the appropriate level where we know it's sustainable and that's how we feel about it and if we continue to out-earn it that's perfectly okay because we're given the shareholder a 10.5% dividend yield on their book value. Prior to joining Annaly in 2013, Mr. Finkelstein served for four years as an Officer in the Markets Group of the Federal Reserve Bank of New York where he was the primary strategist and policy advisor for the MBS Purchase Program. Mr. Finkelstein received a B.A. The housing market remained strong given long-term positive fundamentals, which we believe will help the ultimate recovery. Most recently he exercised 31,721 units of NLY stock worth $179,224 on 30 June 2022. . It's all dependent Rick on the attractiveness of the repurchase option relative to other options in our capital allocation policy. Ms. Williams has served as Chief Human Resources Officer for NBCUniversal, a multinational media . Biography of David Finkelstein. But nonetheless it's a more balanced hedge profile now with a slight steepening bias and we took advantage of near zero rates at the front end of the curve, which we think has very limited downside potential in terms of those hedges losing money because it's not our view that we end up in a negative rate scenarios negative policy rate scenario that is. Annaly Capital Management, Inc. Publishes Second Corporate MSR has different structural aspects to it that make it very cheap, but nonetheless structural leverage is a little bit inferior right now to balance sheet leverage. In the latest report, the Company included additional disclosures outlining climate-related risks and opportunities across its business in the short-, medium- and long-term horizons following the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). I'm curious how you guys are looking at this and especially in light of having cut the dividend earlier in the year? David L. Finkelstein C.F.A. Net Worth (2022) | wallmine Good morning and welcome to the second quarter 2020 earnings call for Annaly Capital Management. David Finkelstein | Department of Philosophy The Residential Credit group involves non-agency residential mortgage assets within securitized products and whole loan markets. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). Mr. Schaefer received a B.B.A. David Finkelstein - Biography - MarketScreener.com So while implied volatility is very low and that's by design on part of the part of the fed and to the extent it continues to decline, it will be a more attractive hedge to our agency portfolio and I would say that in current levels, you should expect it to be a critical component of the portfolio going forward. Learn More on David L. Finkelstein's salary. David L. Finkelstein C.F.A. . Kathy Hopinkah Hannan, Ph.D., C.P.A. As a result we ran numerous scenarios in excess of 20, to determine the appropriate amount of Cecil reserves to the quarter and ultimately booked reserves that were considerably more conservative than our base case scenario. The information shown here is a reporting of information included in the company's proxy statement. Mr. Votek holds a B.S. David Finkelstein - Chief . Mr. Finkelstein was appointed as Chief Executive Officer and elected to serve on the Board of Directors in March 2020. Select Other Years 2007 2006 For its 2021 fiscal year, ANNALY CAPITAL MANAGEMENT, listed the following executives on its annual proxy statement to the SEC . Content referenced in today's call can be found in our second quarter 2020 investor presentation and second quarter 2020 financial supplement, both found under the Presentation section of our website. So we're very happy that the market picked up the slack and did a lot of that work. Dr. Hannan has over 30 years of industry experience and held numerous leadership roles during her distinguished career with KPMG. We add the incremental dollar role income to core income and then the outcome. Donnell A. Segalas Concludes his Service as a Member of the Board of Learn More on David L. Finkelstein's contact information. So right now balance sheet leverage pools of finance through the repo market is more attractive than structural leverage meaning derivatives who when I say structural leverage I mean an asset whose outcome is dependent on a larger asset like derivatives are. June 30, 2022 . And my other questions have been asked and answered. David L. Finkelstein C.F.A. NCG Committee (Chair)Corporate Responsibility Committee. We appropriately conservatively reserve for any what we think to be of any eventuality down out the horizon but there's idiosyncratic risk in every credit asset and so we feel good about it, but there could be one-off disruptions and so that's we're looking at as well. Mr. Haylon has served as a Managing Director at Conning, Inc. since January 2012 and previously served as Head of Asset Management Sales, Products and Marketing from December 2014 until June 2018 and as Head of Investment Products from January 2012 until December 2014. For the agency derivatives portfolio, I realized you guys maybe [indiscernible] surface very often, but how much of your cost basis was amortized through core earnings in that portfolio last quarter and then with rates having coming down quite a bit, presumably some of those assets are cheap and how are you guys thinking about your footprint in that portfolio? Shifting to residential credit, the sector saw significantly more activity as market dynamics began to improve following the crisis. Annaly Capital Management, Inc. (NYSE:NLY) Q2 2020 Earnings Conference Call July 30, 2020 9:00 AM ET, David Finkelstein - CEO & Chief Investment Officer, Tim Gallagher - Head, Commercial Real Estate. Unit tranches and second lean loans within middle-market are experiencing more notable price discovery than its larger market blathering and we expect these gaps to remain as traditional middle-market participants grapple with their portfolios. from the Ohio State University. Eric A. Reeves was elected to serve as an independent director of Annaly in March 2021. David L. Finkelstein is President, Chief Executive Officer & Director at Annaly Capital Management, Inc. Annaly provides supplemental disclosures under the Sustainability Accounting Standards Board (SASB) standards and the Global Reporting Initiative (GRI) standards frameworks. Just had a curiosity what are some things that you are concerned about or really looking closely at, you kind of in the end and immediate term. I wanted to talk a little bit about dividend policy. Liquidity tools have sufficiently supported funding markets and credit facilities have opened channels to credit for businesses, households and local governments, the temporary adjustments to regulations have somewhat encouraged bank lending and most impactful to Annaly's portfolio the asset purchases have supported the smooth functioning of treasury and agency markets. From 2015 until 2018, Dr. Hannan served as a Senior Advisor for KPMGs Board Leadership Center and National Leader Total Impact Strategy and, from 2009 until 2015, as KPMGs National Managing Partner of Diversity and Corporate Responsibility. We're experiencing a meaningful imbalance between supply and demand as a cyclically low number of housing units, meets continued strong household formations and anecdotal evidence suggests that pandemic disruptions that limited impact on the home buying and refinancing processes. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Annaly Capital Management, Inc.'s (NLY) CEO David Finkelstein on Q1 Annaly Capital Management, Inc. Reports 4th Quarter 2022 Results Steven F. Campbell is President and Chief Operating Officer of Annaly. Now to begin with, I wanted to touch on a few strategic corporate actions we've taken as of late. Out treasury function is the best in the business and their expertise and exemplary market timing was a key component that helped us weather the market dislocation last quarter and our ability to deliver strong core earnings this quarter. David L. Finkelstein is Chief Executive Officer and Chief Investment Officer of Annaly. 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. As we look at the buyback policy, it's not a point in time estimated, everything changes on a daily basis because asset prices changes in the relative attractiveness of buying back stock versus putting that capital to work in the portfolio changes and if you just think about the immediate accretion of the stock buyback in terms of book value versus the longer-term earnings of the portfolio, there is a trade-off there certainly and we generated 25% accretion from the buyback thus far. in International and Comparative Law from Cornell Law School. As the latest data indicates over 90% of renters made a full or partial rent payment as of June and in the office sector, although new leasing has slowed significantly, office REITs have reported strong rent recollections above 90% throughout the back end of the second quarter. But when you look at the portfolio and the economic return of the portfolio on the quarter, that was 15% and that persists we think. Okay. Ilker . Right. For its 2021 fiscal year, ANNALY CAPITAL MANAGEMENT, listed the following board members on its annual proxy statement to the SEC. Volatility is low and the fed is specifically directing volatility lower and they also happen to be a huge tailwind in terms of purchases of agency MBS, so the technicals are very favorable and to your point, it does appear to be a very good backdrop for the foreseeable future for agency. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). So is it fair to say that the repurchase will be part of the flaps in terms of using that excess earnings in the short term? David L. Finkelstein Chief Executive Officer, President and Director: Book value increased our GAAP net income of $856 million or $0.58 per share, which includes $0.05 related to Cecil and specific reserves and higher other comprehensive income of $721 million or $0.51 per share on improved valuations on agency MBS resulting from lower market rates. Thank you for attending today's presentation. ANNALY CAPITAL MANAGEMENT Executive Salaries & Other Compensation We continue to be impressed by the resiliency of our workforce and the exemplary service that our IT infrastructure team has provided to every one of us during the time of remote work. For its 2021 fiscal year, ANNALY CAPITAL MANAGEMENT, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Mr. Reeves was formerly a law partner of McDermott, Will & Emery and a corporate attorney at Jones Day. And finally, the company has performed exceptionally well given the challenges faced from remote work and market uncertainty. Learn about Annaly Capital Management, Inc. (NLY) stock's management team. Mr. Finkelstein has over 25 years of experience in fixed income investments. Ms. Wolfe is a Certified Public Accountant in the states of New York, California, Illinois and Pennsylvania.

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