People: Western Asset Mortgage Capital Corp (WMC)

WMC on New York Consolidated

20.53USD
17 May 2013
Price Change (% chg)

$0.20 (+0.98%)
Prev Close
$20.33
Open
$20.60
Day's High
$20.72
Day's Low
$20.35
Volume
989,082
Avg. Vol
882,717
52-wk High
$24.72
52-wk Low
$17.36

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Summary

Name Age Since Current Position

James Hirschmann

52 2009 Chairman of the Board

Gavin James

52 2011 President, Chief Executive Officer, Director

Steven Sherwyn

51 2012 Chief Financial Officer, Treasurer

Travis Carr

42 2011 Chief Operating Officer

Stephen Fulton

54 2011 Chief Investment Officer

Edward Fox

64 Independent Director

M. Christian Mitchell

58 Independent Director

Richard Roll

72 Independent Director

Biographies

Name Description

James Hirschmann

Mr. James W. Hirschmann, III, is Chairman of the Board of Western Asset Mortgage Capital Corporation since July 2009. He has also served as the chief executive officer of company's Manager since 1999. Mr. Hirschmann serves on company's Manager's board of directors and chairs company's Manager's global strategy committee. Mr. Hirschmann has worked at company's Manager since 1989. Mr. Hirschmann also served as the president of company's Manager's parent company, Legg Mason, from May 2006 to April 2007. Mr. Hirschmann received a BS from Widener University.

Gavin James

Mr. Gavin L. James is President, Chief Executive Officer and Director of Western Asset Mortgage Capital Corporation since July 2011. He has over 30 years of investment experience. He is also the director of portfolio operations at company's Manager since July 2009. Mr. James also serves as a member of company's Manager's global strategy committee and as a member of the management committee of company's Pasadena office. Prior to that he served as company's Manager's director of global client service and marketing from 2002 to July 2009 and has worked at company's Manager since 1998. Mr. James was senior portfolio manager of J.P. Morgan Investment Management from 1990 to 1998. He was also head of fixed income sales and trading for Mellon Bank from 1987 to 1990. Prior to joining Mellon Bank, Mr. James was a cross market trader for Drexel Burnham Lambert from 1981 to 1987. Mr. James received a BA from Kingston College in London.

Steven Sherwyn

Mr. Steven M. Sherwyn has been appointed as Chief Financial Officer, Treasurer of Western Asset Mortgage Capital Corporation effective June 25, 2012. He is a financial executive with over 25 years of finance, legal, and real estate experience. Since 2010, Mr. Sherwyn has served as Chief Financial Officer and Treasurer of Care Investment Trust Inc., a real estate investment trust that invests in healthcare related real estate. In 2009, Mr. Sherwyn served as the Company’s Chief Financial Officer and as a consultant to Western Asset Management Company. Mr. Sherwyn served Chief Financial Officer for Galiot Capital Corporation, a real estate investment trust, from 2008 to 2009. He also served as Chief Financial Officer and Treasurer for Quadra Realty Trust, a real estate investment trust, from 2007 to 2008. Mr. Sherwyn served as a director, senior director, and managing director of Hypo Real Estate Capital Corp. from 2004 to 2006, 2006 to 2007, and 2007 to 2008, respectively. Mr. Sherwyn is a graduate of The Wharton School of the University of Pennsylvania with a B.S. in economics. Mr. Sherwyn also received a J.D. from Stanford University Law School and an LL.M. in taxation from New York University Law School.

Travis Carr

Mr. Travis Carr is Chief Operating Officer of Western Asset Mortgage Capital Corporation since July 2011. He has over 18 years of investment experience. He has also served as a product specialist and head of mortgage-related business efforts at company's Manager since 2000. Prior to joining company's Manager, Mr. Carr was a senior associate for Pacific Investment Management Company from 1997 to 2000. He was also a secondary market analyst for Royal Thrift and Loan Company from 1994 to 1997. Mr. Carr was a mortgage broker for Home State Financial Corp. from 1993 to 1994. Mr. Carr is a CFA charter holder. He received his BA from UCLA.

Stephen Fulton

Mr. Stephen P. Fulton is Chief Investment Officer of Western Asset Mortgage Capital Corporation since March 2011. He has over 28 years of investment experience. Mr. Fulton has served as head of Agency RMBS since March 2010 and is a member of the U.S. Broad Markets Committee. Prior to that Mr. Fulton served as a product specialist focusing on Agency RMBS for company's Manager from 2000 to 2010. Prior to joining company's Manager, Mr. Fulton worked in MBS sales at Greenwich Capital Markets, Inc. as senior vice president of fixed income sales and as a member of their fixed income executive committee from 1996 to 1999. Prior to 1996, he was senior vice president of fixed income sales for Lehman Brothers Holdings Inc. from 1994 to 1996. Mr. Fulton also worked at J.P. Morgan Securities as director of Fixed Income Sales and a member of the Fixed Income Management committee from 1992 to 1994. Mr. Fulton was vice president of fixed income sales for The Goldman Sachs Group, Inc. from 1985 to 1992. Mr. Fulton also worked at Gibraltar Savings as the head of mortgage portfolio management and asset/liability Management from 1983 to 1985. Mr. Fulton received an MBA from the Amos Tuck School at Dartmouth College and a BA from UCLA.

Edward Fox

Mr. Edward D. Fox is Independent Director of Western Asset Mortgage Capital Corporation. Mr. Fox has served as chairman and chief executive officer of Vantage Property Investors, LLC, a private real estate investment and development company since January 2003. Mr. Fox was chairman and chief executive officer of Center Trust, a real estate investment trust, from 1998 to January 2003 when Center Trust was acquired by Pan Pacific Retail Properties. Mr. Fox co-founded and served as the chairman of CommonWealth Partners, a fully integrated real estate operating company, from 1995 through October 2003. Prior to forming CommonWealth Partners, Mr. Fox was a senior partner with Maguire Thomas Partners, a national full-service real estate operating company. A certified public accountant, Mr. Fox started his career in public accounting specializing in real estate transactions. Mr. Fox is a director of Thomas Properties Group, Inc., a full-service real estate operating company. Mr. Fox also serves as co-chairman on the Dean's advisory council for the USC School of Architecture, a director of the Orthopaedic Hospital Foundation and on the board of trustees of its foundation and a director of the Los Angeles Boy Scouts. He is a member of the Urban Land Institute and the American Institute of Certified Public Accountants. He received a bachelor's degree in accounting and a master's degree in business, both with honors, from the University of Southern California.

M. Christian Mitchell

Mr. M. Christian Mitchell is Independent Director of Western Asset Mortgage Capital Corporation. Mr. Mitchell retired from Deloitte & Touche LLP in 2003, where he was the national managing partner of the mortgage, banking and finance companies practice. During his 26-year career at Deloitte, he also served as regional managing partner for various practices including audit, enterprise risk services and financial services. He is a director of Marshall & Stevens, a Los Angeles-based national valuation consulting firm, of Special Value Opportunities Fund LLC, a registered investment fund managed by Tennenbaum Capital Partners, LLC, of Reis, Inc., a New York-based real estate information company, and of Grandpoint Capital, a Los Angeles-based bank holding company. Mr. Mitchell previously served as an adjunct professor of accounting at the University of Redlands and is the chapter president of the National Association of Corporate Directors, Southern California, and is designated a NACD Governance Fellow. Mr. Mitchell received a BS from the University of Alabama. In 2011, Mr. Mitchell was named "one of the 100 most influential people in corporate governance" by Directorship magazine.

Richard Roll

Mr. Richard W. Roll is Independent Director of Western Asset Mortgage Capital Corporation. Mr. Roll has been a professor at the Anderson Graduate School of Management at the University of California, Los Angeles, or UCLA, since 1976, where he holds the Joel Freid Chair in Applied Finance, and is the principal of the consulting firm, Compensation Valuation, Inc., which he founded in 2003. He was the managing director of WP Capital Management, a fixed-income investment management firm from 1992 to 1995, and he was co-chairman of the board of directors for Roll and Ross Asset Management Corporation, a quantitative investment management firm, from 1985 through 2003. Mr. Roll also served as a vice-president at Goldman, Sachs & Co. from 1985 to 1987. Mr. Roll has a BAE from Auburn University, an MBA from the University of Washington and a PhD from the University of Chicago.

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