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United States

American Capital Agency Corp (AGNC.O)

AGNC.O on Nasdaq

19.59USD
29 Jul 2016
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$-0.03 (-0.15%)
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Summary

Name Age Since Current Position

Prue Larocca

64 2016 Independent Chairman of the Board

Gary Kain

51 2016 President, Chief Executive Officer, Chief Investment Officer, Director

Peter Federico

49 2016 Chief Financial Officer, Executive Vice President

Bernice Bell

44 2016 Senior Vice President, Chief Accounting Officer

Kenneth Pollack

2016 Senior Vice President, Chief Compliance Officer, General Counsel, Secretary

Christopher Kuehl

42 2012 Senior Vice President - Agency Portfolio Investments

Morris Davis

44 2008 Independent Director

Larry Harvey

51 2008 Independent Director

Biographies

Name Description

Prue Larocca

Ms. Prue B. Larocca is Independent Chairman of the Board of the Company. Ms. Larocca is a retired investment banking executive and a widely recognized expert in the areas of housing finance and securitization. In addition, Ms. Larocca is a member of the board of the Housing Preservation Foundation and the Washington School for Girls and previously served two terms on the board of the American Securitization Trade Association. Ms. Larocca was a Managing Director of Royal Bank of Scotland (“RBS”) in the Mortgage Backed and Asset Backed Finance Group from 1997 until her retirement from RBS in 2011. Prior to joining RBS, Ms. Larocca was a Senior Vice President at Lehman Brothers in the mortgage finance business, managed the consumer and single family securitization business for the Resolution Trust Corporation and practiced law with the firms of Milbank, Tweed, Hadley and Mc Cloy as well as Kutak Rock. She is a graduate of the Georgetown University Law Center and Indiana University. Ms. Larocca also serves on the board of directors of American Capital Mortgage Investment Corp. (NASDAQ: MTGE).

Gary Kain

Mr. Gary D. Kain is President, Chief Executive Officer, Chief Investment Officer, Director of the Company. He is also the President and Chief Investment Officer of MTGE and the President of its manager. Mr. Kain joined American Capital in January 2009 as a Senior Vice President and Managing Director and has served in various other roles with American Capital and its affiliates. 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 its $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.

Peter Federico

Mr. Peter J. Federico serves as Chief Financial Officer, Executive Vice President of the Company. He is also the Senior Vice President and Chief Risk Officer of MTGE and its manager. He is primarily responsible for overseeing risk management activities for us and other funds managed by affiliates of our Manager. 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, after he joined the company in 1988.

Bernice Bell

Ms. Bernice E. Bell is Senior Vice President, Chief Accounting Officer of the Company. She served as Senior Vice President and Chief Financial Officer of our Manager since January 2016. Ms. Bell previously served as our Vice President from April 2011 to January 2016 and as our Controller from 2008 through December 2015. Ms. Bell served as Chief Financial Officer and Vice President of our Manager from January 2010 and January 2011, respectively, to December 2015. From July 2003 to December 2009, Ms. Bell served as the Controller of American Capital, Ltd. (NASDAQ: ACAS), and she served as a Vice President of American Capital from January 2006 to December 2009. Prior to joining American Capital, Ms. Bell was the Vice President and Controller of certain privately-held companies engaged in the business of telecommunications and software development from July 1998 to June 2003 and was with the accounting firm Price Waterhouse, LLP from July 1994 to June 1998. Ms. Bell is a Certified Public Accountant.

Kenneth Pollack

Christopher Kuehl

Mr. Christopher J. Kuehl serves as Senior Vice President - Agency Portfolio Investments since March 2012 and as Senior Vice President of our Manager since April 2011. He is also the Senior Vice President, Agency Portfolio Investments of MTGE and Senior Vice President of its manager. He is primarily responsible for directing purchases and sales of agency securities for us and other funds managed by affiliates of our Manager. 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, where he was primarily 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.

Morris Davis

Dr. Morris A. Davis is Independent Director of the Company. Dr. Davis is the Academic Director of the James A. Graaskamp Center for Real Estate and is the James A. Graaskamp Chair of Real Estate in the Department of Real Estate and Urban Land Economics at the University of Wisconsin-Madison. He has worked in the department since September 2006. He is currently on the Academic Advisory Council of the Federal Reserve Bank of Chicago and served in 2007 as a Research Associate at the Federal Reserve Bank of Cleveland. From July 2002 to August 2006, Dr. Davis was an economist at the Federal Reserve Board working in the Flow of Funds Section. From October 2001 to July 2002, he was Director of Yield Optimization at Return Buy, Inc. and from August 1998 to October 2001, Dr. Davis was an economist at the Macroeconomics and Quantitative Studies Section of the Federal Reserve Board. Dr. Davis is widely published on issues related to the U.S. housing markets and a frequent lecturer. He holds a Ph.D. in Economics from the University of Pennsylvania. Dr. Davis also serves on the board of directors of American Capital Mortgage Investment Corp.

Larry Harvey

Mr. Larry K. Harvey serves as an Independent Director of the Company. Mr. Harvey has served as Chief Financial Officer of Playa Hotels & Resorts B.V. since April 2015. From 2007 to 2013, he served as Executive Vice President and Chief Financial Officer of Host Hotels & Resorts, Inc. (NYSE: HST) (“Host”) and served as its Treasurer from 2007 to 2010. From 2006 to 2007, Mr. Harvey served as Senior Vice President, Chief Accounting Officer of Host and from 2003 to 2006, he served as Host’s Senior Vice President and Corporate Controller. Prior to rejoining Host in 2003, he served as Chief Financial Officer of Barceló Crestline Corporation, formerly Crestline Capital Corporation. Prior to that, Mr. Harvey was Host’s Vice President of Corporate Accounting, before the spin-off of Crestline in 1998. Mr. Harvey also serves on the board of directors of American Capital Mortgage Investment Corp. (NASDAQ: MTGE) and American Capital Senior Floating, Ltd. (NASDAQ: ACSF). Mr. Harvey is an “audit committee financial expert” (as defined in Item 407 of Regulation S-K under the Securities Act).

Basic Compensation

Name Fiscal Year Total

Prue Larocca

205,000

Gary Kain

--

Peter Federico

--

Bernice Bell

--

Kenneth Pollack

--

Christopher Kuehl

--

Morris Davis

205,000

Larry Harvey

225,000
As Of  30 Dec 2015