Annaly Capital Management, Inc. Announces Executive Changes
July 01, 2020 at 12:00 pm
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Annaly Capital Management, Inc. announced that Glenn A. Votek will retire from his role as Senior Advisor on August 31, 2020, but will continue to serve as a member of the Company’s Board of Directors. Mr. Votek joined Annaly in 2013 and previously served as the Company’s Chief Financial Officer and Interim Chief Executive Officer. Additionally, effective immediately, Steven F. Campbell was appointed as the Company’s Chief Operating Officer. Mr. Campbell joined the Company in April 2015 and was most recently serving as the Head of Business Operations where he worked across all business teams and functions to ensure smooth operations of investment processes and execution of corporate initiatives. As Chief Operating Officer, Mr. Campbell will work closely with the executive team to help oversee Annaly’s overall operations and risk management function.
Annaly Capital Management, Inc. is a diversified capital manager with investment strategies across mortgage finance. The Company owns a portfolio of real estate-related investments, including mortgage pass-through certificates, collateralized mortgage obligations, credit risk transfer (CRT) securities, and other securities representing interests in or obligations backed by pools of mortgage loans, residential mortgage loans and mortgage servicing rights (MSR). Its investment groups include Annaly Agency Group, Annaly Residential Credit Group and Annaly Mortgage Servicing Rights Group. Annaly Agency Group invests in agency mortgage-backed securities (MBS) collateralized by residential mortgages. Annaly Residential Credit Group invests in non-agency residential mortgage assets within residential and commercial markets. Annaly Mortgage Servicing Rights Group invests in MSR, which provides the right to service residential mortgage loans in exchange for a portion of the interest payments.