david finkelstein annaly compensation3 on 3 basketball tournaments in colorado

You may also find the annual proxy statement by going directly to the company's website. Learn More on David L. Finkelstein's trading history. David L. Finkelstein is Chief Executive Officer and Chief Investment Officer of Annaly. David L. Finkelstein is President, Chief Executive Officer & Director at Annaly Capital Management, Inc. in Economics and Political Science from the University of Pennsylvania and a J.D. Participants on this morning's call include David Finkelstein, Chief Executive Officer and Chief Investment Officer; Serena Wolfe, Chief Financial Officer; Mike Fania, Head of Residential Credit; Tim Gallagher, Head of Commercial Real Estate; Tim Coffey, Chief Credit Officer and Ilker Ertas, Head of Securitized Products. in Education with a concentration in mathematics education and an M.B.A. with a concentration in finance and quantitative statistics, each with honors from the University of Georgia. Signaling from a fed on continued low rates combined with considerable injection of additional reserves in the financial system through repo operation and asset purchases have led to very stable funding conditions with repo markets experiencing no signs of stress through the quarter even on pivotal month end and quarter end days 1.8. in Economics from Connecticut College and an M.B.A. in Finance from New York University. We do not undertake and specifically disclaim any obligation to update or revise this information. Prior to that, he worked at AT&T and its finance subsidiary from 1986 to 1999 in various financial management roles. He is also a Director of the Friedreichs Ataxia Research Alliance, along with Co-Founder of his own charitable scientific effort, the CureFA Foundation. So balance sheet leverage is incredibly inexpensive right now and abundantly available because of the reserves in the system and in the agency space it's more favorable than structural leverage through derivatives. And everything you said the two words that stood out everything changes. During this call, we may present both GAAP and non-GAAP financial measures. Good morning and welcome to the second quarter 2020 earnings call for Annaly Capital Management. ANNALY@brunswickgroup.com, Navigate to the << Back to They provide a much better competitive profile with lower prepayment characteristics than the market, but generally speaking pool pricing can be variable and so that's probably the risk in any agency. Now with respect to options, we did reinvest a lot of the runoff in our swap portfolio back in out of money options and I'll tell you going forward that will be a function of the level of implied volatility. Okay. Under the standard an entity recognizes its estimate of lifetime expected credit losses as an allowance, which the fed believes will result in more timely recognition of such losses and while changes in economic scenarios and asset performance in the future will impact Cecil reserves in subsequent quarters, current reserve levels should not be considered as a pervasive credit issue within the portfolio or an indication of what reserves may be recorded in the future. Most recently he exercised 31,721 units of NLY stock worth 194,767$ on 30 June 2022. . David L. Finkelstein Chief Executive Officer, President and Director: Mr. Finkelstein was elected to serve as a director of Annaly in March 2020. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Look, first of all I'll talk about the footprint and agency derivatives for example and what we're talking about here Eric is the difference between balance sheet leverage and instructional leverage. Biography of David Finkelstein. You may now disconnect. in Business Administration from the University of Washington and a M.B.A. from the University of Chicago, Booth School of Business. David Finkelstein - conference-board.org David L Finkelstein, Annaly: Profile and Biography Current positions of David Finkelstein. While our allocation agency may increase modestly, we do continue to evaluate opportunities to deploy capital across our three credit businesses and we are beginning to develop the better lends into how each credit sector is evolving and we expect to shift to a more offensive posture in the coming months as we gain more clarity on the economic and real estate landscape. While financial conditions have stabilized, there is still significant uncertainty around the long-term economic picture. Ms. Williams has served as Chief Human Resources Officer for NBCUniversal, a multinational media . And did you guys say what your book value was through July? A lot of that is driven by the tailwind from the fed and specialism and TBAs where our role income doubled over the quarter and it is currently existent today and if we look at past episodes it [indiscernible] persisted for some time. In fact some of our industry concentrations have maturely benefited from the current environment. Annaly is a leading diversified capital manager that invests in and finances residential and commercial assets. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX. Mr. Green was Deputy General Counsel of Annaly from 2009 until March 2017. Mr. Hamiltons prior roles at Barclays include serving as the Global Head of Securitized Product Trading and Banking, in which capacity he was responsible for the build out of the Barclayss Global Securitized Product businesses, and as the Head of Municipal Trading and Investment Banking. 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. 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. In credit as we've said, we like our portfolio. Now of additional note with respect to our direct lending portfolios, we have taken what we believe to be a very conservative approach regarding reserves and Cecil adjustment which Serena will discuss in further detail. Prior to the 1997 merger of Dean Witter, Discover and Morgan Stanley, Mr. Schaefer was Executive Vice President, Investment Banking and Head of Corporate Finance at Dean Witter, a position he had held since 1991. Mr. Hamilton has served as a Director of Larimar Therapeutics, Inc., a clinical-stage biotechnology company focused on developing treatments for rare complex diseases, since May 2020 when Chondrial Therapeutics, Inc. merged with Zafgen, Inc. and the combined company began operating as Larimar. 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. No, I think I understand. Everyone at Annaly contributes to our success and we're proud of the results that we've reported for the second quarter and expect to continue providing best in class results for our shareholders. Currently, Dr. Hannan serves on the Board of Directors of Otis Elevator Co., Gingko Bioworks and Carpenter Technology Corporation, is Chairman of the Board of Trustees and a member of the Executive Committee of the Smithsonian National Museum of the American Indian, is a Trustee of the Committee for Economic Development in Washington D.C., and is an active member of Women Corporate Directors. Yeah I think prepay is kind of an obvious one outside of that. I was wondering if you could talk a little bit more about the thought process around the hedge repositioning in the quarter, adding more hedges on the short end of the curve and then I guess should we expect more options hedging going forward. Annaly Capital Management, Inc. Publishes Second Corporate Most recently he exercised 7,989 units of NLY stock worth $50,490 on 29 January 2022. . David L. Finkelstein C.F.A. Net Worth (2022) | wallmine ANNALY CAPITAL MANAGEMENT income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Mr. Finkelstein was elected to serve as a director of Annaly in March 2020. 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. He began his career in 1979 in the commercial lending program at Philadelphia National Bank. Annaly Capital Management, Inc. Announces Executive Management Turning to earnings, the largest factor quarter-over-quarter to quote an ex-PAA will lower interest expense of $186 million versus $503 million in the prior quarter due to lower average repo rates and balances as well as higher TBA [indiscernible] income of $96 million versus $44 million in the prior quarter, due to higher average balances partially offset by higher expense from the net interest component of interest-rate swaps of $65 million visits $14 million in the prior quarter and higher average balance. David Finkelstein - Chief Executive Officer & Chief - LinkedIn The average price of those shares was I believe $6.30 or meaningfully above that level now. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. While at KPMG, Dr. Hannan also founded the KPMG Womens Advisory Board. A reconciliation of GAAP to non-GAAP measures is included in our earnings release. Mr. Hamilton received a B.S. 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. So given the slope of the curve, given the significant decrease in front end OIS rates to zero roughly, we took the opportunity to add hedges and move down the curve and better balance out the hedge profile to bring the average life to about half what it was at the end of the first quarter and it's still about twice the duration may be a little bit more than twice the duration of the asset portfolio currently, but at 40% hedge ratio being more -- a little bit over twice the duration you get to roughly 80% to 90% may be a little bit more interest rate protection assuming a parallel shift in the curve with a still slight steepening bias which we think is the appropriate approach. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. So thank you, guys. Learn More on David L. Finkelstein's contact information. Okay. All participants will be in a listen-only mode. We don't complete clarity on the economy and some of that runoff could go into the agency sector. Ms. Wolfe has over 20 years of experience in accounting, of which 13 years were focused solely in real estate practice. Net Worth The estimated Net Worth of David L Finkelstein is at least Annaly Capital Management Inc . Thanks for joining us today and we'll talk to you soon. Mr Finkelstein owns over 6,186 units of Annaly Capital Management Inc stock worth over $8,163,735 and over the last 6 years he sold NLY stock worth over $0. Leadership | Annaly Capital David L. Finkelstein C.F.A. 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. I suspect that one of the things that influences the outlook is reinvestment risk as the speeds pick up. David L. Finkelstein C.F.A. Mr. Schaefer was Executive Vice President and Chief Strategic and Administrative Officer of Morgan Stanley from 1998 to 2000. 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. Dr. Hannan is a former Global Lead Partner, National Managing Partner and Vice Chairman of KPMG, LLP, the U.S. member firm of the global audit, tax and advisory services firm KPMG International. None of Annaly's achievements would have been possible without . On average, Mr trades about 51,067 units every 152 days since 2016. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. David Finkelstein - Chief . We would expect more equity allocated to it, certainly, with the option to apply a modest amount of leverage. Total core income is used to buy, Eric. pictures of the galvin family; springfield, ma city council candidates; david finkelstein annaly compensation Audit Committee (Chair)Management Development and Compensation CommitteeNCG Committee. Prior to that, Mr. Finkelstein held senior Agency MBS trading positions at Salomon Smith Barney, Citigroup Inc. and Barclays PLC. david finkelstein annaly compensationmostar bridge jump injuries. 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. And as part of our preparation, we've chosen to be conservative with our leverage as well as our dividend. David L. Finkelstein C.F.A. The estimated net worth of David L. Finkelstein is at least $36.42 million as of June 17th, 2022. David's mailing address filed with the SEC is C/O ANNALY CAPITAL MANAGEMENT, INC., 1211 AVENUE OF THE AMERICAS, NEW YORK, NY, 10036. 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. We've isolated around where we ended the quarter and right now as about last night it's up roughly 1%. Alex Yankus I'd now like to turn the conference over to Purvi Kamdar. This makes analysis regarding Cecil reserves particularly challenging. Vicki Williams was appointed to serve as an independent director of Annaly effective January 2018. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. The economic slowdown brought on by the pandemic has obviously created considerable uncertainty and this is different kind of recession than that which we've experienced in the past, given the unprecedented speed and magnitude of the downturn. NCG Committee (Chair)Corporate Responsibility Committee. Net Worth The estimated Net Worth of David L Finkelstein is at least Annaly Capital Management Inc . Mr Finkelstein owns over 6,186 units of Annaly Capital Management Inc stock worth over $8,163,735 and over the last 6 years he sold NLY stock worth over $0. We have entered a more normalized environment with fed action serving as a key driver and spreads have retraced much the widening experienced in March we do remain positive on the sector given ample funding availability at low rates due to rate volatility and a complete reversal of an inferior technical backdrop that characterizes sector at the outset of this year. 2020. As a reminder, Annaly routinely posts important information for investors on the company's website at www.annaly.com. [Operator instructions] Our first question comes from Eric Hagen with KBW. and LL.M. Mr. Finkelstein has over 25 years of experience in fixed income investments. Serena Wolfe is Chief Financial Officer of Annaly. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ANNALY CAPITAL MANAGEMENT, listed the following executives on its annual proxy statement to the SEC. 212-333-3810 Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Exactly, exactly and we'll see where we end the year but we feel good about where we think it is. Nevertheless, financial conditions have improved considerably. Okay. David L. Finkelstein C.F.A. Musk Made a Mess at Twitter. Enter your email address below to get our daily insider buying and selling report. NEW YORK-(BUSINESS WIRE)-Annaly Capital Management, Inc. (NYSE: NLY) ("Annaly" or the "Company") today announced its financial results for the quarter ended March 31, 2022. Mr. Finkelstein received a B.A. Stock Market | Pittsburgh Post-Gazette This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, More Iranian Schoolgirls Sickened in Suspected Poisoning Wave, No Major Offer Expected on Childcare in UK Budget, Oil Investors Get $128 Billion Handout as Doubts Grow About Fossil Fuels, Climate Change Is Launching a MutantSeed Space Race, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? Annalys 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. It's been relatively calm. Prior to joining Annaly in 2013, Mr. Finkelstein served for four years as an Officer in the . 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 . For its 2021 fiscal year, ANNALY CAPITAL MANAGEMENT, listed the following board members on its annual proxy statement to the SEC. Portfolio construct has been protected against broader sectors that have witnessed demand destruction and we maintain meaningful exposure where pockets of spend remainder resilient. NEW YORK -- (BUSINESS WIRE)-- Annaly Capital Management, Inc. (NYSE: NLY) ("Annaly" or the "Company") announced today the Board of Directors (the "Board") has elected David L. Finkelstein as its Chief Executive Officer and a . 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. The housing market remained strong given long-term positive fundamentals, which we believe will help the ultimate recovery. Annaly Capital Management, Inc. Investor Relations 1-888-8Annaly www.annaly.com Release Summary Donnell A. Segalas Concludes his Service as a Member of the Board of Annaly Capital Management, Inc. Ms. Bovich has also served as a board member of The Dreyfus Family of Funds since 2012, including currently serving as a board member of a number of registered investment funds within the fund complex. 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). Now in terms of amortization of the cost, I'll give you the MSR for example, which mimics the derivates portfolio. Is this happening to you frequently? A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. Please disable your ad-blocker and refresh. 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. Annaly Capital Management, Inc. Reports 4th Quarter 2022 Results David Finkelstein About Us; Blog; Press; AFLCIO.tv; Union Plus Benefits; Toggle Search Form . 1 dividend stock for a LIFETIME of income. 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. There was a depreciation in the amount on the balance sheet of MSR, half of which was amortization and the other half of which was the multiple compression. Compensation Ownership; David . No, it is not reflected in the funding cost. Last quarter I noted that most of assets and liabilities are at fair value and that our book value decline was not a function of post asset sales but rather unrealized mark-to-market losses with potential for recruitment. Across sectors within commercial, the operating fundamentals remain challenged in hospitality as the average national occupancy rate hovers around 40% and in retail the prolonged shutdown and increasing number of retailer bankruptcies is continuing to weigh on that sector. For its 2021 fiscal year, ANNALY CAPITAL MANAGEMENT, listed the following CEO pay ratio data on its annual proxy statement to the SEC.

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