Annaly Capital Management, Inc. (the "Company" or "Annaly") today announced management promotions within its senior executive team, which are effective immediately. David L. Finkelstein, who has been serving as Annaly's Chief Investment Officer, Agency and RMBS, has been named Annaly's Chief Investment Officer. The Chief Investment Officer position is a newly created position in which Mr. Finkelstein will oversee all of Annaly's investments and their related investment operations. Timothy P. Coffey, Annaly's Chief Credit Officer, is being promoted to assume expanded management responsibilities for the Company's risk department and credit businesses. "I am very excited about promoting David and Tim to their respective new positions. Their deep expertise, leadership and proven dedication have played a pivotal role in transforming Annaly into a diversified capital manager. Annaly is uniquely positioned to capitalize on the multiple investment options in each of our Agency, Residential Credit, Commercial Real Estate and Middle Market Lending businesses," said Kevin Keyes, Chief Executive Officer and President of Annaly. David L. Finkelstein David L. Finkelstein is Chief Investment Officer at Annaly. Prior to joining Annaly in 2013, Mr. Finkelstein served for four years as an Officer in the Markets Group of the Federal Reserve Bank of New York where he was the primary strategist and policy advisor for the MBS purchase program. Mr. Finkelstein has over 20 years of experience in fixed income investment. Prior to the Federal Reserve Bank of New York, Mr. Finkelstein held Agency MBS trading positions at Salomon Smith Barney, Citigroup Inc. and Barclays PLC. Mr. Finkelstein received his B.A. from the University of Washington and his M.B.A. from the University of Chicago, Booth School of Business. Mr. Finkelstein also holds the Chartered Financial Analyst ® designation. Timothy P. Coffey Timothy P. Coffey is Chief Credit Officer at Annaly. Mr. Coffey served as Annaly's Head of Middle Market Lending from 2010 until January 2016 when he was promoted to Chief Credit Officer. Mr. Coffey has over 20 years of experience in leveraged finance and has held a variety of origination, execution, structuring and distribution positions. Prior to joining Annaly in 2010, Mr. Coffey served as Managing Director and Head of Debt Capital Markets in the Leverage Finance Group at Bank of Ireland. Prior to that, Mr. Coffey held positions at Scotia Capital, the holding company of Saul Steinberg's Reliance Group Holdings, and SC Johnson International. Mr. Coffey received his B.A. in Finance from Marquette University.