So is it fair to say that the repurchase will be part of the flaps in terms of using that excess earnings in the short term? Mr. Finkelstein owns 1,669,013 shares of Annaly Capital Management stock worth more than $36,417,864 as of February 13th. was elected to serve as an independent director of Annaly in February 2019. in Business Administration from the University of Washington and a M.B.A. from the University of Chicago, Booth School of Business. ANNALY CAPITAL MANAGEMENT annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Prior to joining Annaly in 2013, Mr. Finkelstein served for four years as an Officer in the . Mr. Finkelstein received a B.A. From 1997 to 1998, Mr. Schaefer was Managing Director and Head of Strategic Planning and Capital Management at Morgan Stanley. On a more positive note, multifamily remained strong throughout the quarter. Mr. Schaefer has over 40 years of financial services experience including serving as a member of the management committee of Morgan Stanley from 1998 through 2005. The estimated Net Worth of David L Finkelstein is at least $16.4 Million dollars as of 1 February 2023. Sorry, I think we're thinking about it a little differently, but yeah that's correct. Our measured approach to weathering the crisis served us well we feel very good about our positioning as the recovery progresses as I'll get into more detail. Mr. Green holds a B.A. 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.
David L. Finkelstein C.F.A. Net Worth (2022) | wallmine The conference has now concluded. Consisting of $22 million of additional reserves during the quarter primarily resulting from the impacts of COVID-19 on our [indiscernible] and more general reserves related to forecast for a deterioration in economic conditions and market values of $46.8 million. NEW YORK -- (BUSINESS WIRE)-- Annaly Capital Management, Inc. (NYSE: NLY) (the "Company" or "Annaly") announced today the publication of its third corporate responsibility report for the year 2021, titled Taking Stock of Our Impact. 2020. 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. Mr. Campbell previously served as Head of Business Operations of Annaly and has over 25 years of experience in financial services. Please go ahead. So thank you, guys. Learn More on Annaly Capital Management's active insiders. 2014. 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. Vice ChairRisk Committee (Chair)Corporate Responsibility Committee. Will His AI Plans Be Any Different? There are 11 older and 9 younger executives at Annaly Capital Management Inc. 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. David L. Finkelstein is CEO and Chief Investment Officer of Annaly. Nov 07, 2016. Annaly Capital Management, Inc. (NYSE:NLY) Q2 2020 Earnings Conference Call July 30, 2020 9:00 AM ET, David Finkelstein - CEO & Chief Investment Officer, Tim Gallagher - Head, Commercial Real Estate. NEW YORK -- (BUSINESS WIRE)-- Annaly Capital Management, Inc. (the "Company" or "Annaly") today announced management promotions within its senior executive team, which are effective immediately. We were certainly careful to take prudent steps during the early phase of the market recovery to ensure we are well positioned to capitalize on the opportunities that are sure to arise.
Glenn A. Votek was elected to serve as a Director of Annaly in November 2019. He was President and Chief Operating Officer of the Global Wealth Management division of Morgan Stanley from 2000 to 2005. Wallmine is a radically better financial terminal.
Annaly Capital Management, Inc. (NLY) CEO David Finkelstein on Q2 2020 Okay. Annaly Capital Management can also be reached via phone at (212) 696-0100 and via email at [emailprotected] Learn More on David L. Finkelstein's contact information. NEW YORK, June 09, 2022--Annaly Capital Management, Inc. (NYSE: NLY) (the "Company" or "Annaly") announced today the publication of its third corporate responsibility report for the year 2021 . Following one of the most challenging and unforeseen operating environments in analysts history, we were pleased with our performance during the second quarter. Okay. The company was founded by Michael A. J. Farrell and Wellington Jamie Denahan-Norris on February 18, 1997 and is headquartered in New York, NY. This makes analysis regarding Cecil reserves particularly challenging. 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. Annaly Capital Management, Inc. (NYSE:NYSE:NLY) Q2 2020 Earnings Conference Call July 30, 2020, 09:00 AM ET Company Participants Purvi Kamdar - Head, IR David Finkelstein - CEO & Chief. He began his career in 1979 in the commercial lending program at Philadelphia National Bank.
David Finkelstein | Committee for Economic Development of The David L. Finkelstein, who has been serving as Annaly's Chief Investment Officer, Agency and RMBS, has been named Annaly's . As I mentioned we out-earned the dividend by $0.05 this quarter and absent another market dislocation or other foreseen developments, we expect Q3 core canings to also the dividend. Eric A. Reeves was elected to serve as an independent director of Annaly in March 2021. I wanted to talk a little bit about dividend policy. That has largely taken delivery of the most negatively convex MBS, which has resulted in a shift to the TBA deliverable across production coupons to more newly originated pools and as a result, nominal carry on production coupons TBAs has improved dramatically thereby adding to returns for TBA holders. Net Worth The estimated Net Worth of David L Finkelstein is at least Annaly Capital Management Inc . and LL.M. She is also a graduate of the Chicago Management Institute at the University of Chicago, Booth School of Business and the Institute of Comparative Political & Economic Systems at Georgetown University. in Business Administration from the University of Washington and a M.B.A. from the University of Chicago, Booth School of Business. Please disable your ad-blocker and refresh. Great. Mr. Finkelstein owns 1,669,013 shares of Annaly Capital Management stock worth more than $33,931,034 as of March 4th. from Loras College. From 2014 to 2020, Dr. Hannan served as Chairman of the Board & National President for Girl Scouts of the USA. As of 1 February 2023 he still owns at least 401,561 units of Annaly Capital Management Inc stock. And that's exactly right. We remain comfortable with our existing credit portfolios and the associated Cecil reserves and will continue to monitor specific asset performance and economic projections as we determine future reserves. 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. My No. Chief Executive OfficerChief Investment Officer. .
Annaly Capital Management, Inc. Publishes Third Corporate The Company does not undertake, and specifically disclaims 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, except as required by law. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Press Releases | Annaly Capital, https://www.businesswire.com/news/home/20220609005206/en/. [Operator Instructions] After todays presentation, there will be an opportunity to ask questions. Prior to joining Annaly in 2013, Mr. Finkelstein served for four years as an Officer in the Markets Group of the Federal Reserve Bank of New York where he was the primary strategist and policy advisor for the MBS Purchase Program. Our goal has been to maintain optimal liquidity thresholds and to manage the portfolio within conservative risk parameters to produce the highest level of quality earnings in this market environment. So I think we had $25 million of the $277 million in the MSR that started the quarter was actual amortization and derivatives you might say on the ISI would mimic that. Annaly Capital Management, Inc. (NYSE: NLY) (the "Company" or "Annaly") announced today the publication of its second corporate responsibility report for the year 2020, titled Leading with Purpose.The report demonstrates Annaly's continued focus on environmental, social and governance ("ESG") endeavors and provides an update on Annaly's ESG goals and commitments. David L. Finkelstein is Chief Executive Officer and Chief Investment Officer of Annaly. 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. This button displays the currently selected search type. Annaly Capital Management, Inc. (NYSE:NLY) Q1 2022 Earnings Conference Call April 28, 2022 9:00 AM ETCompany Participants. During this call, we may present both GAAP and non-GAAP financial measures. Thank you, David and good morning, everyone. We've isolated around where we ended the quarter and right now as about last night it's up roughly 1%. And to repo financing remains ample. Ms. Denahan was Annalys Chief Operating Officer from January 2006 to October 2012 and Chief Investment Officer from 2000 to November 2012. Mr has made over 9 trades of the Annaly Capital Management Inc stock since 2016, according to the Form 4 filled with the SEC. Learn More on David L. Finkelstein's contact information. You may also find the annual proxy statement by going directly to the company's website. 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 . He received an undergraduate degree from the University of Washington and an MBA from The University of Chicago Booth School of Business. Okay. Good morning and welcome to the Annaly Capital Management Second Quarter 2020 Conference Call.
Annaly Capital Management, Inc. Publishes Third Corporate Mr. Campbell received a B.B.A. As the Pres and CEO & Director of Annaly Capital Management Inc, the total compensation of Mr A at Annaly Capital Management Inc is $8,203,772. Mr A is 48, he's been the Pres and CEO & Director of Annaly Capital Management Inc since . Mr. . Annaly's 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. david finkelstein annaly compensationgetting married in tanzania. Is this happening to you frequently? For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. David L. Finkelstein C.F.A. Annaly provides supplemental disclosures under the Sustainability Accounting Standards Board (SASB) standards and the Global Reporting Initiative (GRI) standards frameworks. Book value increased our GAAP net income of $856 million or $0.58 per share, which includes $0.05 related to Cecil and specific reserves and higher other comprehensive income of $721 million or $0.51 per share on improved valuations on agency MBS resulting from lower market rates.
Maurion Davis on LinkedIn: #leader #citibank in Finance from the University of Dayton. Now turning specifically to the agency market, the fed's purchase in upwards of $850 billion MBS in just over four months has dramatically altered the supply and demand picture for the sector. So it's not an apples-to-apples comparison. He was Chief Financial Officer of the Phoenix Companies, Inc. from 2004 until 2007, and Executive Vice President and Chief Investment Officer of the Phoenix Companies in 2002 and 2003. In addition, he makes $8,203,772 as Pres and CEO & Director at Annaly Capital . Consistent with our communication last quarter, we continue to speak actively with sponsors, borrowers and agents to closely monitor performance. Data Year: 2021. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. David Finkelstein interviewed on WBEZ's "Odyssey" Recent Courses PHIL 50212 Late Wittgenstein: The Absolute Basics for The Confused, Skeptical, and Ignorant (IV) David Finkelstein. Previously, Ms. Denahan served as Chief Executive Officer of Annaly from November 2012 to September 2015 and as Co-Chief Executive Officer of Annaly from October 2012 to November 2012. The report demonstrates Annaly's continued focus on setting and measuring progress on . Zwirn & Co., L.P. with a focus on credit and debt restructuring. The Mortgage Servicing Rights group provides the right to service residential mortgage loans in exchange for a portion of the interest payments made on the loans. View source version on businesswire.com: https://www.businesswire.com/news/home/20220609005206/en/, Annaly Capital Management, Inc. Prior to Barclays, Mr. Hamilton held various Managing Director roles at Citigroup, Inc. and Salomon Brothers, Inc., where he began his career. These and our other ESG milestones have helped create durable value for all of our stakeholders., Corporate Responsibility Report Highlights. I am pleased to share all that we have accomplished in 2021, including enhancing the Companys executive compensation program, expanding our parental leave and fertility benefits and providing additional climate-related disclosures. 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. Mr. Hamilton has served as an Owner and Director of Construction Forms, Inc. (Con Forms), an industrial manufacturing company, since 2013. Following the completion of the transaction, the chief executive officer now directly owns 1,669,013 shares of the company's stock, valued at $9,279,712.28. Okay. There are no executives at Annaly Capital Management Inc getting paid more. This concludes our question-and-answer session.
Annaly Capital Management (NLY) CEO David Finkelstein on Q4 2021 Mr. Reeves is a member of the Henry Crown Fellows at the Aspen Institute and was honored as a Chicago United Business Leader of Color. Yes the TBA role provided about $97.5 million post NIM for the quarter. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. I know you mentioned in some of the tail risks and just any more additional comments on the hedge positioning will be great thanks. He served as Senior Advisor to Annaly from March 2020 to August 2020 after serving as Interim Chief Executive Officer and President of Annaly from November 2019 to March 2020. 212-333-3810 david finkelstein annaly compensation. Ms. Williams has over 17 years of compensation and governance experience. Annaly actively integrates ESG considerations into its overall strategy through the following key areas: corporate governance, human capital, responsible investments and the environment. Mr. Finkelstein is a member of the Treasury Market Practices Group sponsored by the Federal Reserve Bank of New York as well as a member of the Financial Sector Advisory Council of the Federal Reserve Bank of Dallas. Click here to read the full letter and more from Annaly's 2020 Annual Report. Annaly Capital Management, Inc. NLY ("Annaly" or the "Company") today announced its financial results for the quarter and year ended December 31, 2022. While financial conditions have stabilized, there is still significant uncertainty around the long-term economic picture. Chief Executive OfficerChief Investment Officer. Thanks. US Jobs Report and Powell Testimony Take Center Stage: Eco Week, Bond Mavens Favor Curve Wagers for Next Encounter With Jobs Data, Bank of Canada Risks Falling Too Far Behind Fed, Scotia Says, Feds Daly Says More Rate Hikes Likely Needed to Cool Inflation, Colombia Prices Rise Less than Forecast to a Fresh 24-Year High, Porsche, Ferrari E-Fuel Push at Heart of EU Engine Debate. I would like to turn the conference back over to David Finkelstein for any closing remarks. Most recently he exercised 7,989 units of NLY stock worth $50,490 on 29 January 2022. . Social distancing and mandated shutdowns have damaged certain sectors of the economy and the corresponding impact on the labor market has been substantial.
Annaly Capital Management, Inc. Reports 4th Quarter 2022 Results This is in large part due to the ongoing decisive actions taken by the Federal Reserve, which have been successful in restoring markets and easing credit strains. from the Ohio State University. Content referenced in today's call can be found in our second quarter 2020 investor presentation and second quarter 2020 financial supplement, both found under the Presentation section of our website. Prior to joining Annaly in 2013, Mr. Finkelstein served for four years as an Officer in the Markets Group . 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. Just had a curiosity what are some things that you are concerned about or really looking closely at, you kind of in the end and immediate term. Thanks for joining us today and we'll talk to you soon. We continue to think it critical in the current environment to consider the address economic scenarios available in this process and to err on the side of conservatism given a significant uncertainty in the economic and market values scenarios. Prior to that, Mr. Finkelstein held senior Agency MBS trading positions at Salomon Smith Barney, Citigroup Inc. and Barclays PLC. From 1980 until 1984, he was a Senior Financial Analyst at Travelers Insurance Companies. And then our TBA balances roughly unchanged for the quarter and with respect to what we expect for the third quarter is likely to be in the proximity of where we were at for Q2 maybe a touch higher. Of this total $1,000,000 was received as a salary, $6,325,000 was received as a bonus, $0 was received in stock options, $1,800,001 was awarded as stock and $13,763 came from other types of compensation. See David L Finkelstein's compensation, career history, education, & memberships. Total reserves now comprise 5.32% of our acreage in MML loan portfolios as of June 30, 2020.
Over the last 20 years, insiders at Annaly Capital Management Inc have traded over $734,400 worth of Annaly Capital Management Inc stock and bought 3,810,453 units worth $38,359,155 This net worth evaluation does not reflect any other assets that Mr. Finkelstein may own. We don't anticipate increasing agency meaningfully, but we do recognize that these credit markets are a little bit slow to redevelop. For its 2021 fiscal year, ANNALY CAPITAL MANAGEMENT, listed the following CEO pay ratio data on its annual proxy statement to the SEC. So right now balance sheet leverage pools of finance through the repo market is more attractive than structural leverage meaning derivatives who when I say structural leverage I mean an asset whose outcome is dependent on a larger asset like derivatives are. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. We appropriately conservatively reserve for any what we think to be of any eventuality down out the horizon but there's idiosyncratic risk in every credit asset and so we feel good about it, but there could be one-off disruptions and so that's we're looking at as well. Mr. Finkelstein also holds the Chartered Financial Analyst designation. David L. Finkelstein C.F.A. It's been relatively calm. Okay. But when we think about reinvestment into for example, pools where we see the levered returns on agency MBS is in the context of 11% to 12% maybe a little bit higher and so as we look at the dividend right now at 10.5% yield on book value the reinvestment of agency runoff is perfectly consistent with that longer-term more steady-state level assuming rates in this context, but keep in mind we do have this near-term tailwind of specialness and some other factors that are beneficial to the portfolio where were out-earning the dividend this quarter. Previously, he was Chief Financial Officer of Annaly from August 2013 to December 2019. Mr. Reeves serves on the boards of several DCM portfolio companies and funds as well as on the Advisory Board of Ozinga Bros. His civic and philanthropic commitments include trusteeships at Rush University Medical Center and the National Philanthropic Trust. And with that, I'll turn it over to operator for questions. Most recently he exercised 6,186 units of NLY stock worth $125,761 on 1 February 2023. As David touched on, our economic leverage declined to 6.4 times from 6.8 times quarter-over-quarter, which was mainly due to a decrease in repo balance of $5.4 billion and an increase in our equity-base of $1.1 billion that was partially offset by an increase in TBA contracts of $5.8 million and an increase in net payables for investments purchased of $1.5 billion. 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.
Thorough reviews have been conducted to assure this data accurately reflects disclosures. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. However, non-agency lending has been somewhat slow to redevelop as credit standards have tightened relative to pre-pandemic underwriting and mortgage originators tend to focused more on agency originations in light of fewer frictions in a wide primary secondary spread.