AGNC Investment Corp. Elects Andrew Johnson to Its Board of Directors
October 25, 2021 at 05:06 pm
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AGNC Investment Corp. announced that its Board of Directors has elected Andrew Johnson to the Board effective October 21, 2021. Mr. Johnson will serve as an independent director on the Company's Audit Committee. With his appointment, AGNC's Board of Directors now consists of nine members, including seven independent directors. Mr. Johnson has over 20 years' experience leading teams focused on fixed income investments. Mr. Johnson served as Managing Director, Head of Global Investment Grade Fixed Income and Chief Investment Officer for Neuberger Berman Investment Advisers, LLC and Neuberger Berman Fixed Income LLC from 2009 to 2019. Since then, Mr. Johnson has served as the Senior Diversity and Inclusion Leader at Neuberger Berman Services, where he is leading Neuberger Berman's efforts to improve diversity and inclusion in its workforce. Prior to his roles at Neuberger Berman, Mr. Johnson was a Managing Director, Co-Head Investment Grade Fixed Income and Chief Investment Officer at Lehman Brothers Asset Management, LLC from 2003 to 2009. He currently serves as a Non-Interested Trustee on the Board of Trustees of certain mutual funds advised by Hartford Mutual Funds Inc. Mr. Johnson holds an MBA in Finance from the University of Chicago and a MSEE and BSEE from Illinois Institute of Technology.
AGNC Investment Corp. is an internally managed real estate investment trust (REIT). The Company provides private capital to the United States housing market, enhancing liquidity in the residential real estate mortgage markets and, in turn, facilitating home ownership in the United States. The Company invest primarily in Agency residential mortgage-backed securities (Agency RMBS) on a leveraged basis. These investments consist of residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by a United States Government-sponsored enterprise, such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac, and together with Fannie Mae, the GSEs), or by a United States Government agency, such as the Government National Mortgage Association (Ginnie Mae). It may also invest in other assets related to the housing, mortgage or real estate markets.