People: Hatteras Financial Corp (HTS)

HTS on New York Consolidated

12.63USD
5 Feb 2016
Change (% chg)

$-0.10 (-0.79%)
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$12.73
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$12.69
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$12.72
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$12.55
Volume
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$18.85
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Summary

Name Age Since Current Position

Michael Hough

54 Chairman of the Board, Chief Executive Officer

Benjamin Hough

50 President, Chief Operating Officer, Director

Kenneth Steele

51 2007 Chief Financial Officer, Treasurer, Secretary

Frederick Boos

61 2013 Executive Vice President, Chief Investment Officer

Jeffrey Miller

44 2011 Lead Independent Director

David Berson

60 2007 Independent Director

Ira Kawaller

65 2007 Independent Director

Vicki McElreath

65 2014 Independent Director

William Nutt

59 2015 Independent Director

Thomas Wren

63 2007 Independent Director

Mark Collinson

IR Contact Officer

Biographies

Name Description

Michael Hough

Mr. Michael R. Hough is Chairman of the Board, Chief Executive Officer of Hatteras Financial Corp. Mr. Hough is the chief executive officer of our manager and has been our chairman and chief executive officer since September 2007. Mr. Hough is a co-founder and director of our manager and ACM Financial Trust, Inc., a private mortgage real estate investment trust managed by our manager (“ACM”). Since founding ACM in 1998, Mr. Hough has been responsible for managing all aspects of the operations and growth of ACM. From 1988 to 1997, Mr. Hough was a principal and founding member of First Winston Securities, Inc., a regional fixed-income broker-dealer where he was head of taxable trading and sales. From 1983 to 1987, Mr. Hough worked as a taxable trader in the fixed income department of Wachovia Bank N.A. He holds a B.A. degree in economics from Wake Forest University.

Benjamin Hough

Mr. Benjamin M. Hough is President, Chief Operating Officer, Director of Hatteras Financial Corp. Mr. Hough is the president and chief operating officer of our manager and has been our director, president and chief operating officer since September 2007. Mr. Hough is a co-founder and has been a director of our manager and ACM since 2007 and 2001, respectively. From 1997 to 2001, he was the head of the BB&T Capital Markets office in Winston-Salem, NC where he was vice president of institutional fixed income sales and trading. From 1995 to 1997, Mr. Hough was the head of the First National Bank of Maryland office in Washington, DC where he served as vice president of fixed income sales. Prior to that, Mr. Hough was vice president of NationsBanc Capital Markets, previously American Security Bank, in institutional fixed income trading and sales. Mr. Hough holds a B.A. degree in economics from the University of North Carolina at Chapel Hill.

Kenneth Steele

Mr. Kenneth A. Steele is Chief Financial Officer, Treasurer, Secretary of Hatteras Financial Corp., since September 2007. He has been our chief financial officer, treasurer and secretary since September 2007. Since September 2002, Mr. Steele has also been the chief financial officer, secretary and treasurer of ACM. Prior to joining ACM, Mr. Steele had been a senior manager with Dixon Odom PLLC, an accounting firm, where he specialized in real estate, financial institutions, and mergers and acquisitions since 1991. He was responsible for the firm’s real estate investment trust tax work and for public and private real estate investment partnerships. He also provided consulting services related to corporate finance, commercial and residential development, and equity investment. A certified public accountant, Mr. Steele earned a Masters of Accounting from the Kenan Flagler Business School at the University of North Carolina at Chapel Hill and a B.S. degree in Business Administration from the University of North Carolina at Chapel Hill.

Frederick Boos

Mr. Frederick J. Boos, II, is Executive Vice President, Chief Investment Officer of Hatteras Financial Corp. Mr. Boos has been our executive vice president and chief investment officer since September 2013. From September 2007 to September 2013, Mr. Boos served as our executive vice president and co-chief investment officer. Since March 2006, Mr. Boos has been the executive vice president and chief investment officer of ACM. Prior to joining ACM, Mr. Boos had been an executive vice president and director of asset liability and capital management for MBNA America from 2003 to 2006. Mr. Boos has previously served as senior vice president and investment portfolio manager for multiple regional banks including Maryland National Bank, First National Bank of Maryland, Shawmut National Bank and American Security Bank. His prior bank treasury responsibilities include liquidity and risk management, capital management, economic capital planning, residential mortgage portfolio management as well as numerous bank ALCO Directorships. He holds a Masters of Business Administration from American University and a B.S. in finance from the University of Maryland, College Park.

Jeffrey Miller

Mr. Jeffrey D. Miller is Lead Independent Director of Hatteras Financial Corp. Since March 2007, Mr. Miller has been a member of our board of directors since November 2007. Since March 2007, Mr. Miller has served as senior vice president, general counsel and secretary of Highwoods Properties, Inc. (NYSE: HIW). Prior to joining Highwoods Properties, Inc., Mr. Miller was a partner with the law firm of DLA Piper LLP (US) where he concentrated his practice on securities, corporate governance and related strategic matters, and served as general outside counsel to a variety of publicly-traded real estate investment trusts. Prior to that, Mr. Miller was a partner with the law firm of Alston & Bird LLP. Mr. Miller holds a B.A. from Pennsylvania State University and a J.D. and M.B.A. from Wake Forest University. He is admitted to practice law in North Carolina.

David Berson

Dr. David W. Berson, Ph.D., is Independent Director of Hatteras Financial Corp., since November 2007. Dr. Berson serves as senior vice president and chief economist for Nationwide Mutual Insurance Company, where he leads a team of economic analysts delivering economic forecasts and analyses. Prior to joining Nationwide Mutual Insurance Company, Dr. Berson served as senior vice president, chief economist, head of risk analytics, and strategist at The PMI Group from 2007 to 2012, where he was responsible for analyses and forecasts of the economy, housing and mortgage markets; domestic/global research and planning; risk and pricing analytics; and strategic planning. Prior to joining The PMI Group, Dr. Berson was vice president and chief economist at Fannie Mae. Prior to that, Dr. Berson was a senior economist at the U.S. League of Savings Institutions. In addition, Dr. Berson was the chief financial economist at Wharton Econometrics, a visiting scholar at the Federal Reserve Bank of Kansas City and an assistant professor of economics at Claremont McKenna College and Claremont Graduate School. His U.S. government experience includes staff economist at the Council of Economic Advisors and economic analyst at the Treasury Department. Dr. Berson holds a Ph.D. in economics and an M.P.P. in public policy from the University of Michigan and a B.A. in history and economics from Williams College.

Ira Kawaller

Dr. Ira G. Kawaller, Ph.D., is Independent Director of Hatteras Financial Corp., since November 2007. Since 1998, Dr. Kawaller has served as founder and president of Kawaller & Co., LLC, where his consulting activities have specialized in assisting commercial enterprises in their use of derivative instruments in managing their financial risk. In addition to his consulting activities, from 2004 to 2011, Dr. Kawaller also served as the managing partner of the Kawaller Fund, a derivatives-only commodity pool. Prior to founding Kawaller & Co., LLC, Dr. Kawaller was the vice president and director of the New York office of the Chicago Mercantile Exchange and held positions at J. Aron & Company, AT&T, and the Board of Governors of the Federal Reserve System. Over the course of his career, Dr. Kawaller has been a member of the Financial Accounting Standards Board’s Derivatives Implementation Group and the Government Accounting Standards Board’s Derivative Instrument Task force on Derivatives and Hedging. He has also been a member of the board of the International Association of Quantitative Finance, formerly known as the International Association of Financial Engineers. Dr. Kawaller has held adjunct professorships at Columbia University and Polytechnic University. He received a Ph.D. in Economics from Purdue University.

Vicki McElreath

Ms. Vicki W. McElreath has been appointed as Independent Director of the Company, effective June 1, 2014. Ms. McElreath served as a managing partner of PricewaterhouseCoopers LLP (“PwC”) from 1999 until her retirement in June 2006. She joined Price Waterhouse, one of the predecessor firms of PwC, in 1979 and was admitted to the partnership in 1990. Ms. McElreath has served as a director and member of the audit and benefits committees of Piedmont Natural Gas Company, Inc. (NYSE:PNY) since 2006 and has chaired the audit committee since 2007. She has served as a director, chair of the audit committee and mentor of the risk committee of RBC Bank (USA), a subsidiary of The Royal Bank of Canada, since March 2012. In addition, from 2006 to 2012, she served as a director of a predecessor, RBC Bank, Inc., where she chaired its audit committee and served on its trust and compliance committees. Ms. McElreath, formerly an active status Certified Public Accountant and current on approved inactive status, holds a bachelor’s degree in business administration from Georgia State University with a major in accounting.

William Nutt

Mr. William V. Nutt, Jr., is an Independent Director of Company. Mr. Nutt currently serves as Managing Director at Piedmont Trust Company where he leads the company’s growth initiatives, including the expansion of its investment, fiduciary and family office services. Prior to joining Piedmont Trust Company in 2015, Mr. Nutt served in a variety of roles at the Bankers Financial Corporation from 2011 to 2014, including serving as Chief Operating Officer, Director and President—Business Solutions Group and as the Chairman of the Enterprise Risk Management Committee. From 1978 to 2009, Mr. Nutt held a comprehensive range of positions in sales, capital markets, operations, and risk management with United Guaranty Corporation, one of the nation’s leading private mortgage insurance companies serving major financial services organizations throughout the United States and a number of international markets, including serving as President, Chief Executive Officer and Director from 2001 to 2009 and as President and Chief Operating Officer of United Guaranty Residential Insurance Company, a mortgage insurance subsidiary, from 1999 to 2001. In addition, Mr. Nutt has previously served as President and as a member of the Executive Committee of the Mortgage Insurance Companies of America and as a member of the National Advisory Council of the Federal National Mortgage Association. Mr. Nutt holds a B.A. degree in economics from the University of North Carolina at Chapel Hill and completed the executive program at the University of North Carolina at Chapel Hill Kenan-Flagler Business School.

Thomas Wren

Mr. Thomas D. Wren is Independent Director of Hatteras Financial Corp., since November 2007. Mr. Wren is also a director and shareholder of ACM. Mr. Wren was the treasurer of MBNA America and served as director of funds management in the treasury division. As a group executive and treasurer, Mr. Wren oversaw the company’s investment and funding activities including liquidity management, investment portfolio management, structured finance, and all related capital market programs. He currently serves on the investment committee for the Delaware Community Foundation. He is a member of the finance committee and serves as chairman of the investment committee of the Christiana Care Health System. Previously, Mr. Wren served on the board of directors and chaired the audit committees for Brandywine, Brandywine Blue and Brandywine Advisors, domestic mutual funds managed by Freiss Associates, LLC, and served as a member of the board of directors, as well as the audit and executive committees of Citibank (South Dakota), N.A., a wholly-owned subsidiary of Citigroup, Inc. Prior to joining MBNA America, Mr. Wren was chief investment and funding officer for Shawmut National Corporation. Prior to that, Mr. Wren worked for the Comptroller of the Currency (“OCC”) for 18 years, which included managing the OCC’s London operation.

Mark Collinson

Basic Compensation

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