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Two Harbors Investment Corp (TWO)

TWO on New York Consolidated

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8 Dec 2016
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Summary

Name Age Since Current Position

Brian Taylor

51 Chairman of the Board

Thomas Siering

56 President, Chief Executive Officer, Director

Brad Farrell

41 2013 Chief Financial Officer, Treasurer

Mary Riskey

51 2016 Principal Accounting Officer

William Roth

58 2015 Chief Investment Officer, Director

Rebecca Sandberg

44 2013 General Counsel, Secretary

Stephen Kasnet

70 2009 Lead Independent Director

Edward Abraham

63 2014 Independent Director

James Bender

59 2013 Independent Director

Lisa Pollina

51 2015 Independent Director

W. Reid Sanders

66 2009 Independent Director

Hope Woodhouse

59 2012 Independent Director

Biographies

Name Description

Brian Taylor

Mr. Brian C. Taylor serves as Chairman of the Board of Two Harbors Investment Corp. Mr. Taylor has been a director of our company since we were incorporated in May 2009. Mr. Taylor is the Chief Executive Officer of Pine River, which he founded in 2002. Prior to Pine River’s inception, Mr. Taylor was with EBF & Associates from 1988 to 2002; he was named head of the convertible arbitrage group in 1994 and Partner in 1997. His responsibilities included portfolio management, marketing, product development and trading information systems development. Mr. Taylor received a Bachelor of Science degree from Millikin University in Decatur, Illinois and a Master of Business Administration degree from the University of Chicago. Mr. Taylor passed the Illinois Certified Public Accountant Examination in 1986. Mr. Taylor currently serves on the board of trustees for the Minneapolis Institute of Arts and on the board of directors for Northside Achievement Zone. He also previously served as a director of Silver Bay Realty Trust Corp. (NYSE: SBY) from 2012 to 2014. Mr. Taylor was originally appointed as a director pursuant to contractual rights of Pine River granted in the merger agreement with Capitol. We believe Mr. Taylor is qualified to serve as a director because of his investment and trading expertise as well as his knowledge of PRCM Advisers and its affiliate organizations. He is able to help ensure that adequate resources are devoted to the company by PRCM Advisers. Mr. Taylor plays a key liaison role between day-to-day management of the company and our independent directors.

Thomas Siering

Mr. Thomas Siering serves as President, Chief Executive Officer, Director of Two Harbors Investment Corp. Mr. Siering is a Partner of Pine River, which is the parent company of Two Harbors’ external manager, PRCM Advisers LLC, or PRCM Advisers. Prior to joining Pine River in 2006, Mr. Siering was head of the Value Investment Group at EBF & Associates, a private investment firm, from 1999 until 2006. During that period, he was also the manager for Merced Partners, LP, a private investment firm, and Tamarack International Limited, a closed end, non-diversified investment management company. Mr. Siering was named a Partner at EBF & Associates in 1997. Mr. Siering joined EBF & Associates in 1989 as a trader. From 1987 to 1989, Mr. Siering held various positions in the Financial Markets Department at Cargill, Inc. From 1981 until 1987, Mr. Siering was employed in the Domestic Soybean Processing Division at Cargill in both trading and managerial roles. Mr. Siering holds a B.B.A. from the University of Iowa with a major in Finance. Mr. Siering was originally appointed as a director pursuant to contractual rights of Pine River granted in the merger agreement with Capitol.

Brad Farrell

Mr. Brad Farrell serves as Chief Financial Officer, Treasurer of Two Harbors Investment Corp. Mr. Farrell has been the Chief Financial Officer since January 2012. He is an employee of Pine River and, prior to his appointment as Chief Financial Officer, served as Controller. Prior to joining Pine River in 2009, he was Vice President and Executive Director of External Reporting for GMAC ResCap, a diversified real estate company. In this role, from 2007 to 2009, he was responsible for GMAC ResCap’s public filing and bank holding company reporting initiatives. He was also involved in GMAC ResCap’s debt restructuring and related accounting and liquidity initiatives. From 2002 to 2007, Mr. Farrell held various positions in finance and accounting with XL Capital Ltd., a public global insurance underwriter, including the establishment of finance and accounting processes in its London based insurance segment. Prior to 2002, he was employed with KPMG where he gained experience managing US GAAP implementation and Securities Exchange Act compliance engagements for foreign filers in the firm’s London practice. Mr. Farrell is a Certified Public Accountant (inactive), and graduated with a B.S.B.A. from Drake University in Des Moines, Iowa.

Mary Riskey

Ms. Mary Riskey serves as Principal Accounting Officer of the Company. effective as of January 1, 2016. Mary Riskey has served as Director, Corporate Controller at the Company since 2013 and previously served as Director, Loan Accounting upon joining the Company in 2011. Ms. Riskey has spent the breadth of her career in financial reporting and accounting roles for public financial services companies. From 2000 to 2011, Ms. Riskey served in leadership roles at GMAC ResCap, a global diversified real estate company, advancing to Senior Director, Accounting and Reporting. From 1995 to 2000, Ms. Riskey held several positions at Arcadia Financial LTD, serving most recently as Assistant Controller. Ms. Riskey received a B.B.A. in Accounting from the University of North Dakota.

William Roth

Mr. William Roth serves as Chief Investment Officer, Director of Two Harbors Investment Corp. William Roth is our Chief Investment Officer and has served as a director of our company since May 2015. Mr. Roth was appointed Chief Investment Officer in January 2013 after serving as Co-Chief Investment Officer since October 2009. Mr. Roth also serves as Partner of Pine River Capital Management and is a Director of the Pine River Foundation. Prior to joining Pine River in 2009, Mr. Roth was at Citigroup and its predecessor firm, Salomon Brothers Inc., for 28 years where he was named a Director in 1987 and a Managing Director in 1997. From 2004 to 2009, Mr. Roth managed a proprietary trading book at Citigroup with particular focus on mortgage and asset-backed securities. From 1994 to 2004, Mr. Roth was part of the Salomon/Citi New York Mortgage Sales Department. From 1981 to 1994, Mr. Roth was based in Chicago and managed the Chicago Financial Institutions Sales Group for Salomon Brothers. He received a Master of Business Administration degree with a concentration in finance from the University of Chicago Graduate School of Business in 1981, and a Bachelor of Science degree in finance and economics from Miami University in Oxford, Ohio in 1979. We believe Mr. Roth is qualified to serve as a director because of his investment and trading expertise as well as his knowledge of PRCM Advisers LLC (“PRCM Advisers”) and its affiliate organizations, which helps ensure that adequate resources are devoted to our company by PRCM Advisers.

Rebecca Sandberg

Ms. Rebecca B. Sandberg serves as General Counsel, Secretary of Two Harbors Investment Corp. Ms. Sandberg previously served as Deputy General Counsel and Secretary of Two Harbors from May 2012 until March of 2013. From 2010 to May 2012, she served as Two Harbors’ Senior Counsel. Prior to joining Two Harbors, Ms. Sandberg was in private practice where she advised clients primarily in the areas of securities laws, mergers and acquisitions, private capital markets transaction, corporate governance and general corporate law. From 2007 to 2010, She was a Senior Associate at Stoel Rives LLP and from 2006 to 2007 she was a Senior Associate at Fulbright & Jaworski LLP. Prior to that, Ms. Sandberg was an Associate at Lindquist & Vennum PLLP. She received a B.A. from the University of Minnesota in 1994 and a Juris Doctorate from William Mitchell College of Law in 2000.

Stephen Kasnet

Mr. Stephen Garfield Kasnet serves as Lead Independent Director of Two Harbors Investment Corp. Mr. Kasnet has been a director of the company since merger with Capitol in October of 2009. Mr. Kasnet is also a director of: Columbia Laboratories, Inc., a specialty pharmaceuticals company (NASDAQ: CBRX), where he is chairman of the board and serves on the audit committee; Rubicon Ltd. (NZX: RBC), where he is chairman of the board and serves on its audit committee; and Silver Bay Realty Trust Corp. (NYSE: SBY), where he serves on the audit committee. He was the Chairman of Dartmouth Street Capital LLC, a private investment firm, from 2007 through October 2009. He was also the President and Chief Executive Officer of Raymond Property Company LLC, a real estate company, from 2007 through October 2009. From 2000 to 2006, he was President and Chief Executive Officer of Harbor Global Company, Ltd., an asset management, natural resources and real estate investment company, and President of PIOglobal, a Russian real estate investment fund. From 1995 to 1999, Mr. Kasnet was a director and member of the Executive Committee of The Bradley Real Estate Trust. He was Chairman of Warren Bank from 1990 to 2003. He has also held senior management positions with other financial organizations, including Pioneer Group, Inc., First Winthrop Corporation and Winthrop Financial Associates, and Cabot, Cabot and Forbes. Mr. Kasnet serves as a director of Tenon Ltd., a wood products company, and serves as a director of First Ipswich Bank. He is also a trustee and vice president of the board of the Governor’s Academy, a private coed boarding high school in Byfield, Massachusetts. Mr. Kasnet received a B.A. from the University of Pennsylvania in 1966. Mr. Kasnet was originally appointed as a director pursuant to contractual rights of Pine River granted in the merger agreement with Capitol.

Edward Abraham

Mr. E. Spencer Abraham serves as Independent Director of the Company. Since 2005, Secretary Abraham has served as the Chairman and Chief Executive Officer of The Abraham Group LLC, an international strategic consulting firm based in Washington, D.C. He is also the Chairman and Chief Executive Officer of Abraham & Roetzel LLC, a bipartisan government affairs and issues management firm. Secretary Abraham serves as a director of Occidental Petroleum Corporation (NYSE: OXY), where he is a member of its management success and talent development, corporate governance, nominating and social responsibility, environmental, health and safety, and executive compensation committees; PBF Energy Inc. (NYSE: PBF), where he is a member of its compensation and nominating and corporate governance committees; and NRG Energy, Inc. (NYSE: NRG), where he is a member of its compensation and nuclear oversight committees. Secretary Abraham serves as the chairman of the Advisory Boards of Lynx Global Realty Asset Fund Onshore LLC and Uranium Energy Corp. He previously served as a director of GenOn Energy, Inc. and as a director and member of the nominating and corporate governance and compensation committees of ICx Technologies. Secretary Abraham is an Advisory Board member of the Churchill Center. He holds a J.D. from Harvard Law School. We believe Secretary Abraham is qualified to serve as a director of the company because of his extensive public company board experience.

James Bender

Mr. James J. Bender serves as an Independent Director of Two Harbors Investment Corp., since May 2013. He has served as the President and Chief Executive Officer of WPX Energy, Inc. (NYSE: WPX) since December 2013. Mr. Bender has also served on the board of directors of WPX Energy, Inc. since December 2013. Previously, Mr. Bender served as Senior Vice President and General Counsel of WPX Energy, Inc. and served in that role from April 2011 to December 2013. From 2002 to 2011, he served as General Counsel and Corporate Secretary of The Williams Companies Inc. and General Counsel of Williams Partners GP LLC, the general partner of Williams Partners, since September 2005. Mr. Bender served as the General Counsel of the general partner of Williams Pipeline Partners L.P., from 2007 until its merger with Williams Partners in August 2010. From June 2000 to June 2002, He was Senior Vice President and General Counsel of NRG Energy, Inc., and was its Vice President, General Counsel, and Secretary from June 1997 to June 2000. Prior to joining NRG Energy, Mr. Bender served in a variety of other legal roles, including as a partner at Maslon Edelman Borman & Brand in Minneapolis, Minnesota and an associate at Gibson, Dunn & Crutcher. Mr. Bender serves on the board of directors of the Tulsa Area United Way and is a member of the board of trustees of the Philbrook Museum of Art, the board of directors of the KIPP School Tulsa, and the board of visitors of the Sustainable Energy and Resources Law Program at the University of Tulsa College of Law. Mr. Bender received a Bachelor’s degree in mathematics from St. Olaf College and a Juris Doctorate degree from the University of Minnesota Law School.

Lisa Pollina

Ms. Lisa Anne Pollina serves as Independent Director of the Company. Lisa A. Pollina is the immediate past Vice Chairman for RBC Capital Markets, a division of the Royal Bank of Canada (RBC) (NYSE: RY), stepping down from her role in June 2015. In this role, Ms. Pollina was responsible for the firm’s largest financial institution clients via relationship designation at the board and senior management levels. Prior to her appointment as Vice Chairman in 2012, she was the senior advisor to the chief executive officer for RBC International regarding strategic corporate and business development actions globally for various divisions. In this role, she also served as senior advisor for the boards of RBC Canadian Trust Company and the RBC Dexia Holding Company. Prior to joining RBC, Ms. Pollina served as the Global Financial Institutions (FIG) executive responsible for a global corporate banking division at Bank of America from 2006 to 2010. Prior to Bank of America, Ms. Pollina was a founding partner in Bordeaux Capital, a strategic and financial advisory firm that emerged from Barclays Capital in 2002. Ms. Pollina is a member of the Financial Services Roundtable in Washington D.C. where she is Vice Chair of the Lending and Leasing Policy Committee for the United States. She is also an appointee to the Federal Reserve Bank of the United States’ Working Group on Global Markets. Ms. Pollina is a member of the Board of Directors for Ritchie Brothers Auctioneers (NYSE: RBA), which she joined in May 2015. She has also served as a Trustee for the William Blair Mutual Fund family and on the Finance Council and Investment Committee for the Archdiocese of Chicago. She is a member of The Commercial Club of Chicago. Ms. Pollina holds a B.S. from Western Michigan University and an M.B.A. from the Yale School of Management.

W. Reid Sanders

Mr. W. Reid Sanders serves as Independent Director of Two Harbors Investment Corp. Mr. Sanders has been a director of the company since merger with Capitol in October of 2009. He is a director and member of the audit committee of Mid-America Apartment Communities, Inc., a Delaware REIT that owns and operates apartment complexes, (NYSE: MAA). Mr. Sanders also is the President of Sanders Properties, Inc., a real estate company; is a director of Independent Bank, a bank holding company; serves on the Investment Committee at Cypress Realty, a real estate company; and is on the Advisory Board of SSM Venture Partners III, L.P., a private venture capital firm. He is the former Chairman at Two Rivers Capital Management, and his former directorships include Harbor Global Company Ltd., an asset management, natural resources and real estate investment company, PioGlobal Asset Management, a Russian private investment management company, The Pioneer Group Inc., a global investment management firm, and TBA Entertainment Corporation, a strategic communications and entertainment marketing company. He was the Co-Founder and former Executive Vice President of Southeastern Asset Management, and the former President of Longleaf Partners Mutual Funds, of funds in Memphis from 1975-2000. He served as an Investment Officer at First Tennessee Investment Management, the investment management division of First Horizon National Corporation, from 1973-1975. Mr. Sanders worked in Credit Analysis and Commercial Lending at Union Planters National Bank from 1971-1972. Mr. Sanders is a Trustee of the Hugo Dixon Foundation, the Dixon Gallery and Gardens, the Hutchison School, The Jefferson Scholars Foundation, and the TN Shakespeare Company, and is a former Trustee of Rhodes College and the Campbell Clinic Foundation. He received a Bachelors of Economics from the University of Virginia in 1971. Mr. Sanders was originally appointed as a director pursuant to contractual rights of Pine River granted in the merger agreement with Capitol.

Hope Woodhouse

Ms. Hope B. Woodhouse serves as an Independent Director of Two Harbors Investment Corp. Ms. Woodhouse has over 25 years of experience in the financial services industry at top-ranked, global alternative asset management firms and broker dealers. Currently, She is a member of the board of directors of Piper Jaffray Companies (NYSE: PJC) and serves on its Audit Committee and Compensation Committee. From 2005 to 2008, she served as Chief Operating Officer and as a member of the Management Committee for Bridgewater Associates, Inc. Between 2003 and 2005, Ms. Woodhouse was President and Chief Operating Officer of Auspex Group, L.P., and was Chief Operating Officer and a member of the Management Committee of Soros Fund Management LLC from 2000 to 2003. Prior to that, she held various executive leadership positions, including Treasurer of Funds at Tiger Management L.L.C. (1998 -2000) and Managing Director of the Global Finance Department at Salomon Brothers Inc. (1983 - 1998). She has previously served as a director of Seoul Securities Co. Ltd., Soros Funds Limited, and The Bond Market Association. Ms. Woodhouse also serves on the boards of Bottom Line New York and the United Way Foundation of IRC, is a Trustee of the Tiger Foundation, and a member of the Investment Committee at Phillips Academy, Andover, Massachusetts. Ms. Woodhouse received an A.B. degree in Economics from Georgetown University in 1978 and an M.B.A. from Harvard Business School in 1983.

Basic Compensation