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Wellington Denahan-Norris
Corporate Officer/Principal at
National Association of Real Estate Investment Trusts, Inc.
Profile
Founder of Annaly Capital Management, Inc., Wellington Jamie Denahan-Norris is on the board of Annaly Capital Management, Inc. (former Director) and Chairman-Mortgage Real Estate Investment Trust at National Association of Real Estate Investment Trusts, Inc. In the past she held the position of Vice President of Citadel Funding Corp., Chairman & Chief Executive Officer of Fixed Income Discount Advisory Co. and Principal at Wertheim Schroder & Co., Inc. She received an undergraduate degree from Florida State University.
Wellington Denahan-Norris active positions
| Companies | Position | Start |
|---|---|---|
National Association of Real Estate Investment Trusts, Inc.
 National Association of Real Estate Investment Trusts, Inc. Real Estate Investment TrustsFinance Real Estate Investment Trust/REIT | Corporate Officer/Principal | - |
Former positions of Wellington Denahan-Norris
| Companies | Position | End |
|---|---|---|
| ANNALY CAPITAL MANAGEMENT, INC. | Chief Executive Officer | 2015-07-20 |
Citadel Funding Corp.
 Citadel Funding Corp. Investment Banks/BrokersFinance Operates as a broker dealer | Corporate Officer/Principal | 1994-06-30 |
Wertheim Schroder & Co., Inc.
 Wertheim Schroder & Co., Inc. Investment Banks/BrokersFinance Brokerage firm | Corporate Officer/Principal | - |
Fixed Income Discount Advisory Co.
 Fixed Income Discount Advisory Co. Investment ManagersFinance Fixed Income Discount Advisory Co. (FIDAC) invests in asset-backed securities including US residential mortgage-backed securities issued and guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae. The firm seeks to earn positive net interest income from the difference between the yield on their securities and the cost to finance them. FIDAC structures their portfolio using the Annaly MBS Barbell Strategy. This strategy employs a combination of adjustable, floating and fixed-rate mortgage backed securities so that it can perform well throughout a variety of interest rate environments. All of FIDAC's securities are classified as available for sale; therefore, the entire portfolio is recorded at market value determined by the average price as determined by three independent sources. All of the securities are guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae which carry actual or implied AAA ratings and have virtually zero credit risk exposure. FIDAC has not needed to introduce credit risk into their portfolio to achieve favorable returns. All their assets can be easily priced and traded in the MBS market, so book value fairly approximates liquidation value. FIDAC uses the repurchase markets to finance the acquisition of their investments. They employ other strategies to manage risks associated with leverage including (1) leveraging only liquid assets that are easily priced and have well-defined active markets (2) utilizing self-imposed limits on the amount borrowed from any one lender (3) diversifying counterparty risk by maintaining credit relationships and open financing lines with many high quality lenders and (4) maintaining optimal levels of leverage to protect against margin calls. Chimera Investment Corp. is a specialty finance REIT that invests in residential mortgage loans, real estate-related securities and various other asset classes. CreXus Investment Corp. is a REIT that acquires, manages and finances commercial mortgage debt. | Chief Executive Officer | - |
Training of Wellington Denahan-Norris
Experiences
Positions held
Active
Inactive
Listed companies
Private companies
Connections
55
1st degree connections
6
1st degree companies
Male
Female
Members of the board
Executives
Linked companies
| Private companies | 6 |
|---|---|
Annaly Capital Management, Inc.
 Annaly Capital Management, Inc. Real Estate Investment TrustsFinance Operates as real estate investment trust which invests in residential mortgage-backed securities | Finance |
Wertheim Schroder & Co., Inc.
Wertheim Schroder & Co., Inc. Investment Banks/BrokersFinance Brokerage firm | Finance |
Fixed Income Discount Advisory Co.
Fixed Income Discount Advisory Co. Investment ManagersFinance Fixed Income Discount Advisory Co. (FIDAC) invests in asset-backed securities including US residential mortgage-backed securities issued and guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae. The firm seeks to earn positive net interest income from the difference between the yield on their securities and the cost to finance them. FIDAC structures their portfolio using the Annaly MBS Barbell Strategy. This strategy employs a combination of adjustable, floating and fixed-rate mortgage backed securities so that it can perform well throughout a variety of interest rate environments. All of FIDAC's securities are classified as available for sale; therefore, the entire portfolio is recorded at market value determined by the average price as determined by three independent sources. All of the securities are guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae which carry actual or implied AAA ratings and have virtually zero credit risk exposure. FIDAC has not needed to introduce credit risk into their portfolio to achieve favorable returns. All their assets can be easily priced and traded in the MBS market, so book value fairly approximates liquidation value. FIDAC uses the repurchase markets to finance the acquisition of their investments. They employ other strategies to manage risks associated with leverage including (1) leveraging only liquid assets that are easily priced and have well-defined active markets (2) utilizing self-imposed limits on the amount borrowed from any one lender (3) diversifying counterparty risk by maintaining credit relationships and open financing lines with many high quality lenders and (4) maintaining optimal levels of leverage to protect against margin calls. Chimera Investment Corp. is a specialty finance REIT that invests in residential mortgage loans, real estate-related securities and various other asset classes. CreXus Investment Corp. is a REIT that acquires, manages and finances commercial mortgage debt. | Finance |
Florida State University
 Florida State University Other Consumer ServicesConsumer Services Functions as a College/University | Consumer Services |
National Association of Real Estate Investment Trusts, Inc.
National Association of Real Estate Investment Trusts, Inc. Real Estate Investment TrustsFinance Real Estate Investment Trust/REIT | Finance |
Citadel Funding Corp.
Citadel Funding Corp. Investment Banks/BrokersFinance Operates as a broker dealer | Finance |
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