NEW YORK--(BUSINESS WIRE)--
Annaly Capital Management, Inc. (NYSE: NLY) today announced that Glenn
Votek has been appointed its Chief Administrative Officer. Mr. Votek
brings over 20 years of financial and operational experience to Annaly
with particular expertise in risk management, capital raising, liability
management and regulatory oversight. Mr. Votek will report directly to
Kevin Keyes, Annaly’s President.
Mr. Votek joins Annaly from CIT Group where he was an Executive Vice
President and Treasurer since 1999 and President of Consumer Finance
since 2012. At CIT, Mr. Votek was responsible for all functional areas
of CIT’s treasury group, including capital markets, securitization,
asset/liability management, hedging, international treasury, cash
management, and banking and rating agency relations. He was also
actively involved in the investor marketing activities at CIT. Included
among his committee memberships were: Asset Liability Management
Committee, Financial Disclosure Committee, Pension Investments Committee
and the Employee Benefit Plans Committee. He also previously served as
Chairman of the Board of CIT Bank.
Mr. Votek joined CIT in November 1999 following its acquisition of
Newcourt Credit Group, at which time he was appointed Treasurer. Prior
to the acquisition, he was the Treasurer of Newcourt Credit Corp. and
AT&T Capital Corporation. Mr. Votek has also held various treasury and
financial management positions within AT&T Corporation, Amerada Hess
Corporation and Westinghouse Credit Corporation. Mr. Votek earned a
Masters of Business Administration in Finance from Rutgers University,
where he remains active as an executive mentor for MBA students, and
attended the Executive Education Program of the Colgate W. Darden
Graduate School of Business Administration at the University of Virginia.
This news release and our public documents to which we refer contain or
incorporate by reference certain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements which are based on various assumptions (some
of which are beyond our control) may be identified by reference to a
future period or periods or by the use of forward-looking terminology,
such as “may,” “will,” “believe,” “expect,” “anticipate,” “continue,” or
similar terms or variations on those terms or the negative of those
terms. Actual results could differ materially from those set forth in
forward-looking statements due to a variety of factors, including, but
not limited to, changes in interest rates, changes in the yield curve,
changes in prepayment rates, the availability of mortgage-backed
securities and other securities for purchase, the availability of
financing and, if available, the terms of any financing, changes in the
market value of our assets, changes in business conditions and the
general economy, our ability to consummate any contemplated investment
opportunities, our ability to integrate the commercial mortgage
business, changes in government regulations affecting our business, our
ability to maintain our qualification as a REIT for federal income tax
purposes, our ability to maintain our exemption from registration under
the Investment Company Act of 1940, as amended, and risks associated
with the broker-dealer business of our subsidiary, and risks associated
with the investment advisory business of our subsidiaries, including the
removal by clients of assets they manage, their regulatory requirements
and competition in the investment advisory business. For a discussion of
the risks and uncertainties which could cause actual results to differ
from those contained in the forward-looking statements, see “Risk
Factors” in our most recent Annual Report on Form 10-K and any
subsequent Quarterly Reports on Form 10-Q. We do not undertake, and
specifically disclaim any obligation, to publicly release the result of
any revisions which may be made to any forward-looking statements to
reflect the occurrence of anticipated or unanticipated events or
circumstances after the date of such statements.
Annaly Capital Management, Inc.
Investor Relations
1-888-8Annaly
www.annaly.com
Source: Annaly Capital Management, Inc.