NEW YORK--(BUSINESS WIRE)--Feb. 16, 2005--Annaly Mortgage
Management, Inc.
(NYSE: NLY) today announced that R. Nicholas Singh,
formerly a partner at the law firm McKee Nelson, LLP, has joined the
company as General Counsel. Mr. Singh has worked closely with Annaly
and its registered investment advisor subsidiary, FIDAC, in a variety
of corporate governance, compliance and securities matters.
Michael A.J. Farrell, Chairman, CEO and President of Annaly,
commented on the new position. "As a company, we have had the good
fortune to work with Nick at every step in our growth, and I am
delighted that he is now joining us. With our shared experience, I am
confident that he will have an immediate positive impact in all
aspects of our operations. I look forward to working with Nick as a
senior member of our management team." Mr. Singh will also have the
titles of Executive Vice President, Corporate Secretary and Chief
Compliance Officer.
Mr. Singh has experience in a broad range of public and private
transactions. Before joining McKee Nelson, Mr. Singh was a partner at
the Washington, D.C. office of Sidley Austin Brown & Wood
LLP. Mr.
Singh received a J.D. from the Washington College of Law, American
University in 1990, an M.A. from Columbia University in 1986, and a
B.A. from Carleton College in 1981. He is a member of the American Bar
Association.
"Mike Farrell and his team have built a thriving financial
institution in a relatively short period," said Mr. Singh. "I am
excited to be joining them at such a dynamic time in their corporate
history and I hope to be able to continue to play a role in Annaly's
growth."
Annaly manages assets on behalf of institutional and individual
investors worldwide through Annaly and through the funds managed by
its wholly-owned registered investment advisor, FIDAC. The Company's
principal business objective is to generate net income for
distribution to investors from the spread between the interest income
on its mortgage-backed securities and the cost of borrowing to finance
their acquisition and from fee income earned by FIDAC. The Company, a
Maryland Corporation, has elected to be taxed as a real estate
investment trust ("REIT").
CONTACT: Annaly Mortgage Management, Inc.
Investor Relations, 1- (888) 8Annaly
www.annaly.com
SOURCE: Annaly Mortgage Management, Inc.