Annaly Capital Management, Inc. Promotes Ilker Ertas to Chief Investment Officer
December 14, 2021 at 07:30 am EST
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Annaly Capital Management, Inc. has promoted Ilker Ertas to Chief Investment Officer effective immediately. He will continue to report to David L. Finkelstein, companys Chief Executive Officer and a member of the Companys Board of Directors, who previously held the role of Chief Investment Officer since 2016. As Chief Investment Officer, Mr. Ertas will be responsible for overseeing all of companys investment strategies including capital allocation, growth initiatives and overall portfolio operations. He will continue to serve as a member of Annalys Operating Committee. Mr. Ertas has demonstrated leadership in managing companys Agency and Residential Credit investment strategies, most recently as Head of Securitized Products, since joining the company in 2015.
Annaly Capital Management, Inc. is a diversified capital manager with investment strategies across mortgage finance. The Company owns a portfolio of real estate-related investments, including mortgage pass-through certificates, collateralized mortgage obligations, credit risk transfer (CRT) securities, and other securities representing interests in or obligations backed by pools of mortgage loans, residential mortgage loans and mortgage servicing rights (MSR). Its investment groups include Annaly Agency Group, Annaly Residential Credit Group and Annaly Mortgage Servicing Rights Group. Annaly Agency Group invests in agency mortgage-backed securities (MBS) collateralized by residential mortgages. Annaly Residential Credit Group invests in non-agency residential mortgage assets within residential and commercial markets. Annaly Mortgage Servicing Rights Group invests in MSR, which provides the right to service residential mortgage loans in exchange for a portion of the interest payments.