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MTGE Investment Corp (MTGE.OQ)

MTGE.OQ on NASDAQ Stock Exchange Global Select Market

18.25USD
26 Apr 2018
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$0.30 (+1.67%)
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Summary

Name Age Since Current Position

Randy Dobbs

67 2016 Independent Chairman of the Board

Peter Federico

51 2018 President, Chief Operating Officer

Gary Kain

53 2018 Chief Executive Officer, Chief Investment Officer, Director

Donald Holley

47 2018 Chief Financial Officer, Senior Vice President

Kenneth Pollack

50 2016 Senior Vice President, Chief Compliance Officer, Secretary

Christopher Kuehl

44 2012 Senior Vice President - Agency Portfolio Investments

Aaron Pas

37 2014 Senior Vice President - Non-Agency Portfolio Management

Julia Coronado

49 2016 Director

Robert Couch

60 2011 Independent Director

Biographies

Name Description

Randy Dobbs

Mr. Randy E. Dobbs is Independent Chairman of the Board of the Company. Mr. Dobbs has served as our Chair and Lead Independent Director since May 2016. Mr. Dobbs has been a self-employed business consultant and business speaker since the end of 2010 and previously was an Operating Partner at Welsh, Carson, Anderson & Stowe (“Welsh Carson”), a private equity firm. From April 2012 to January 2015, Mr. Dobbs served as Chief Executive Officer for Matrix Medical Network, a portfolio company of Welsh Carson and a provider of home health assessments for Medicare Advantage clients across 32 states. Prior to that, he was a Senior Operating Executive at Welsh Carson, where he was responsible for portfolio company operational oversight, business acquisitions and equity opportunity development. From February 2005 to October 2008, he was the Chief Executive Officer of US Investigations Services, Inc. and its subsidiaries (“USIS”). USIS provided business intelligence and risk management solutions, security and related services and expert staffing solutions for businesses and federal agencies. From April 2003 to February 2005, Mr. Dobbs was President and Chief Executive Officer of Philips Medical Systems, North America, a manufacturer of systems for imaging, radiation oncology and patient monitoring, as well as information management and resuscitation products. Prior to April 2003, Mr. Dobbs spent 27 years with General Electric Company, where he held various senior level positions, including President and Chief Executive Officer of GE Capital, IT Solutions. Mr. Dobbs also serves on the board of directors of various private equity companies and previously served on the board of directors of AGNC Investment Corp. (Nasdaq: AGNC) from 2008 to May 2016 and Savvis, Inc. (Nasdaq: SVVS) from November 2010 to August 2011.

Peter Federico

Mr. Peter J. Federico has been appointed President, Chief Operating Officer of the Company effective March 31, 2018. Mr. Federico has served as our Executive Vice President and Chief Financial Officer since July 2016 and will become our President and Chief Operating Officer effective March 31, 2018. He was previously our Senior Vice President and Chief Risk Officer from May 2011. Mr. Federico is also Executive Vice President and Chief Financial Officer of AGNC Investment Corp. (Nasdaq: AGNC). Mr. Federico joined the parent company of our Manager in May 2011. Prior to that, Mr. Federico served as Executive Vice President and Treasurer of Freddie Mac from October 2010 through May 2011, where he was primarily responsible for managing the company’s investment activities for its retained portfolio and developing, implementing and managing risk mitigation strategies. He was also responsible for managing Freddie Mac’s $1.2 trillion interest rate derivative portfolio and short and long-term debt issuance programs. Mr. Federico also served in a number of other capacities at Freddie Mac, including as Senior Vice President, Asset & Liability Management.

Gary Kain

Mr. Gary D. Kain has been appointed Chief Executive Officer, Chief Investment Officer, Director of the Company effective March 31, 2018. Mr. Kain has served as a Director and our Chief Executive Officer since March 2016 and as President and Chief Investment Officer since March 2011. Mr. Kain has also served as the President of our Manager, MTGE Management, LLC, since April 2011. In addition, Mr. Kain serves on the board of directors of AGNC Investment Corp. (Nasdaq: AGNC) and as AGNC’s Chief Executive Officer, President and Chief Investment Officer. Mr. Kain served as a Senior Vice President and Managing Director of American Capital, Ltd. from January 2009 to July 2009, after which time he became an employee of the parent company of our then external manager, AGNC Mortgage Management, LLC. While at American Capital, Mr. Kain headed American Capital’s RMBS investment team. Prior to joining American Capital, Mr. Kain served as Senior Vice President of Investments and Capital Markets of Freddie Mac from May 2008 to January 2009. He also served as Senior Vice President of Mortgage Investments & Structuring of Freddie Mac from February 2005 to April 2008, during which time he was responsible for managing all of Freddie Mac’s mortgage investment activities for the company’s $700 billion retained portfolio. From 2001 to 2005, Mr. Kain served as Vice President of Mortgage Portfolio Strategy at Freddie Mac. From 1995 to 2001, he served as head trader in Freddie Mac’s Securities Sales & Trading Group, where he was responsible for managing all trading decisions including REMIC structuring and underwriting, hedging all mortgage positions, income generation, and risk management. Prior to that, he served as a senior trader, responsible for managing the adjustable-rate mortgage and REMIC sectors.

Donald Holley

Mr. Donald W. Holley has been appointed Chief Financial Officer, Senior Vice President of the Company. Mr. Holley has served as our Senior Vice President and Chief Accounting Officer and as Senior Vice President and Chief Financial Officer of our Manager since January 2016. He will become our Chief Financial Officer effective March 31, 2018. Mr. Holley previously served as our Vice President and Controller from December 2011 to January 2016 and as Vice President and Chief Financial Officer of our Manager from July 2011 and March 2012, respectively, to January 2016. Mr. Holley joined the parent company of our Manager in June 2011. Prior to that, Mr. Holley was a Director at Freddie Mac, responsible for the valuation and presentation of financial results for the company’s investments, debt and derivative portfolios. He has also worked as an accounting policy and assurance Director at Credit Suisse, prepared corporate governance research at Deutsche Bank, and was an Audit Manager at Arthur Andersen. He is a Certified Public Accountant and a CFA charterholder.

Kenneth Pollack

Mr. Kenneth L. Pollack Mr. Pollack has served as Senior Vice President, Chief Compliance Officer and Secretary since July 2016. Mr. Pollack is also Senior Vice President, General Counsel, Chief Compliance Officer and Secretary of AGNC Investment Corp. (Nasdaq: AGNC). Prior to joining the parent company of our Manager, Mr. Pollack was Senior Vice President and Deputy General Counsel of American Capital, Ltd. At American Capital, Mr. Pollack served as lead counsel for American Capital’s portfolio investment activities in the areas of Real Estate, U.S. Sponsor Finance, U.S. Buyouts, International Power, Special Situations, Operations and Financial Restructuring. Mr. Pollack joined American Capital in 2004. Prior to American Capital, Mr. Pollack was a member of the Corporate and Securities and Real Estate Practice Groups of Arnold & Porter.

Christopher Kuehl

Mr. Christopher J. Kuehl is Senior Vice President - Agency Portfolio Investments of the Company. Mr. Kuehl has served as our Executive Vice President since December 2016. He was previously a Senior Vice President, Agency Portfolio Investments from March 2012. Mr. Kuehl is also an Executive Vice President of AGNC Investment Corp. (Nasdaq: AGNC). Mr. Kuehl joined the parent company of our Manager in August 2010. Prior to that, Mr. Kuehl served as Vice President of Mortgage Investments & Structuring of Freddie Mac. In this capacity, Mr. Kuehl was responsible for directing Freddie Mac’s purchases, sales and structuring activities for all MBS products, including fixed-rate mortgages, ARMs and CMOs. Prior to joining Freddie Mac in 2000, Mr. Kuehl was a Portfolio Manager with TeleBanc/Etrade Bank.

Aaron Pas

Mr. Aaron Pas is a Senior Vice President - Non-Agency Portfolio Management of the Company. Mr. Pas has served as our Senior Vice President since January 2014 and has also served as Senior Vice President of our Manager since January 2014. He was previously Vice President, Non-Agency Portfolio Management, of our Manager from March 2011 to January 2014. Mr. Pas is also a Senior Vice President of AGNC Investment Corp. (Nasdaq: AGNC). Prior to joining the parent company of our Manager, Mr. Pas was the Director of Non-Agency Portfolio Management at Freddie Mac, where he was primarily responsible for managing the firm’s non-agency residential securities portfolio. Mr. Pas holds a Bachelor of Science degree in Business from Washington University in St. Louis. Mr. Pas is a CFA charterholder.

Julia Coronado

Ms. Julia L. Coronado serves as Director of the Company. Dr. Coronado is President and Founder of MacroPolicy Perspectives LLC, an economic research consulting firm based in New York that analyzes the U.S. economy from a global perspective with a focus on financial market linkages and demographic realities. Dr. Coronado is also an Executive in Residence for Rutgers Business School. She currently serves on the Pension Research Council at the Wharton School and is a member of the Economic Advisory Panel of the Federal Reserve Bank of New York and the Economic Studies Council at The Brookings Institution. From 2014 to 2017, Dr. Coronado served as Chief Economist for Graham Capital Management where she was responsible for formulating the company’s global forecast for inflation and monetary and fiscal policy and served on the Investment and Risk Committees. Prior to joining Graham Capital, she was the Chief Economist, North America and a Managing Director at BNP Paribas from 2009 to 2014, and from 2006 to 2009, Dr. Coronado was a Senior U.S. Economist and Director at Barclays Capital. Earlier in her career, she served as an Economist at the Federal Reserve Board of Governors and served on the Treasury Markets Practices Group at the Federal Reserve Bank of New York. Dr. Coronado holds a Ph.D. in Economics from the University of Texas at Austin and a B.S. in Economics from the University of Illinois at Urbana-Champaign.

Robert Couch

Mr. Robert M. Couch is an Independent Director of the Company. Mr. Couch is Counsel to Bradley Arant Boult Cummings LLP, a law firm based in Birmingham, Alabama. He is also a member of the board of managers of LoanCare, LLC, a mortgage subservicer, and MAX Exchange LLC, a start-up company primarily focused on the design and establishment of an electronic mortgage exchange. From 2009 until February 2017, Mr. Couch served as a member of the Board of Directors of Prospect Holding Company, LLC, the parent company of Prospect Mortgage of Sherman Oaks, California. Until December 31, 2015, Mr. Couch was Chairman of ARK Real Estate Strategies, LLC, the manager of the ARK Real Estate Opportunity Fund I, LLC, an investment fund focused on distressed residential real estate. From June 2007 to November 2008, Mr. Couch served as General Counsel of the United States Department of Housing and Urban Development, or HUD. Mr. Couch began his service at HUD as President of Ginnie Mae from June 2006 until June 2007. Prior to his government service, Mr. Couch served as President and Chief Executive Officer of New South Federal Savings Bank. Mr. Couch previously served on the board of directors of AGNC Investment Corp. (Nasdaq: AGNC) from 2011 to May 2016. Mr. Couch is a Master Certified Mortgage Banker and a Certified Public Accountant (inactive).

Basic Compensation