NEW YORK–(BUSINESS WIRE)–Annaly Capital Management, Inc. (NYSE: NLY) today announced that the Board of Directors has appointed Steven F. Campbell, the Company’s Chief Operating Officer, to the additional office of President, effective immediately.
As President and Chief Operating Officer, Mr. Campbell will continue to report to David Finkelstein, the Company’s Chief Executive Officer and Chief Investment Officer, who previously held the role of President since March 2020. Mr. Campbell will continue to work closely with the executive team to help oversee Annaly’s overall strategy, operations and risk management.
Mr. Campbell joined the Company in April 2015 and has served as Chief Operating Officer since July 2020. He has over 25 years of experience in financial services. Prior to joining Annaly, Mr. Campbell held various roles over six years at Fortress Investment Group LLC, including serving as Managing Director in the Credit Funds business. Mr. Campbell also worked at General Electric Capital Corporation and D.B. Zwirn & Co., L.P. Mr. Campbell received a B.B.A. from the University of Notre Dame and a M.B.A. from the University of Chicago, Booth School of Business.
David Finkelstein commented: “We are excited to announce Steve’s elevation to President, which demonstrates the depth, expertise and contributions of our senior leadership team and enhances Annaly’s positioning as the leading residential mortgage REIT. Steve has been instrumental to Annaly’s success throughout his tenure, and I am confident he will continue to strengthen Annaly’s investment and operational capabilities as we execute on our strategic priorities.”
Steven F. Campbell stated: “I am grateful to David and the Board for appointing me as President and I look forward to continuing to help shape Annaly’s strategy as we further our footprint across the housing finance space. I am proud of the achievements we have made in transforming the Company in recent years and remain confident that Annaly is well-positioned to capitalize on the opportunities that lie ahead.”
About Annaly
Annaly is a leading diversified capital manager with investment strategies across mortgage finance. 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. Annaly is internally managed and has elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes. Additional information on the company can be found at www.annaly.com.
