– USA, NY – Annaly Capital Management, Inc. (NYSE: NLY) today announced the election of Martin Laguerre to its Board as an Independent Director, effective March 13, 2023.
“We are thrilled to appoint Martin to our Board and as a member of our Audit and Corporate Responsibility Committees. With his more than 25-year career in financial services, Martin brings extensive investment, financial and leadership expertise that will help further our strategic priorities across the housing finance market. We look forward to working with Martin and benefitting from his unique background and perspectives,” said Board Chair, Michael Haylon.
Mr. Laguerre has also been appointed to the Audit and Corporate Responsibility Committees.
About Martin Laguerre
Martin Laguerre has served as a Senior Advisor working with the Capital Solutions, Financial Services, and Business Services groups at Warburg Pincus since February 2023. From 2019 to 2022, Mr. Laguerre served as EVP and Global Head of Private Equity and Managing Director of Capital Solutions at Caisse de dépôt et placement du Québec, a Canadian pension fund. From 2016 to 2019, Mr. Laguerre was a Senior Principal at CPP Investment Board, a Canadian pension fund. From 2010 to 2016, Mr. Laguerre was Managing Director at General Electric Power & Water, where he was involved in the firm’s mergers and acquisitions and integration strategy for renewable energy. Before joining General Electric, Mr. Laguerre held various corporate roles at IPG Photonics Corporation, a U.S. manufacturer of fiber lasers, and DLJ, Credit Suisse, and Lehman Brothers Investment Banking in New York.
“As the largest mortgage REIT, Annaly has distinguished itself as a leading source of private capital in the U.S. housing market, and I am delighted to work with the Board and management team to enhance the Company’s position in the residential mortgage sector,” said Mr. Laguerre. “I look forward to leveraging my experience and network to continue delivering durable value to our shareholders and the communities we serve.”
Since January 2023, Mr. Laguerre has served as an independent board member of BGC Partners, Inc., a leading global brokerage and financial technology company. Representing CDPQ, Mr. Laguerre previously served as a board member of Sagen MI Canada, a Canadian mortgage insurance provider. Representing CPP Investment Board, Mr. Laguerre previously served as a board member of Cordelio Power Inc., a North American renewable energy operating company, Auren Energia SA, a Brazilian renewable energy holding company, and a joint venture in select North American onshore renewable power assets of Enbridge Inc.
Mr. Laguerre has been a CFA charter holder from the CFA Institute since 2000. Mr. Laguerre holds a Bachelor of Commerce from McGill University and an MBA from the University of Chicago’s Booth School of Business. He is a Desautels’ Global Expert at McGill University’s Desautels Faculty of Management.
About Annaly
Annaly is a leading diversified capital manager with investment strategies across mortgage finance. Annaly’s principal business objective is to generate net income for distribution to its stockholders and to optimize its returns through prudent management of its diversified investment strategies. Annaly is internally managed and has elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes.
SOURCE: https://www.annaly.com/
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