– USA, VA – Dynex Capital, Inc. (NYSE: DX) today announced the appointments of Andrew Gray and Alexander Crawford to its Board as Independent Directors, effective March 6, 2024.
Andrew Gray has joined the Audit Committee, Compensation Committee, and Investment Committee, while Alec Crawford has joined the Audit Committee, Compensation Committee, Strategy Committee, and Investment Committee.
“Our Board of Directors and management team are excited to welcome Andrew and Alec, and are confident that their additions will build on and further diversify the skills, expertise, and backgrounds of Dynex’s Board,” said Chairam and CEO, Byron Boston, “They are experienced leaders with decades-long careers across financial services and risk management, and we look forward to working with them to support the continued development and execution of our operational and growth strategy in an increasingly complex macroeconomic environment. Particularly, Andrew’s strong track record of guiding company leadership teams on business strategy and regulatory compliance and Alec’s deep knowledge of leveraging technology and artificial intelligence in financial services will help us better serve our shareholders into the future.”
The Company also announced the resignation of Michael Hughes and Robert Salcetti from the Board effective March 11, 2024.
About Andrew Gray
Mr. Gray brings over 30 years of leadership experience in the financial services industry across business and profit and loss management, strategy, finance, risk, and technology. Most recently, Mr. Gray served as Group CRO for Depository Trust and Clearing Corporation (“DTCC”) where he transformed the risk function and drove significant improvements in market, liquidity, credit, and non-financial risk capabilities, including cybersecurity, business continuity, data management, and operational risk. He started with DTCC in 2009 leading the firm’s core businesses in clearance, settlement, asset services, and trade processing. During his tenure at DTCC, he also chaired and served on subsidiary boards. Previously, Mr. Gray spent over a decade at Merrill Lynch in global roles across business management, strategy, finance, and technology. He began his career with Booz Allen & Hamilton leading consultant teams that served financial services clients around the world. Currently, Mr. Gray is an Executive Advisor with MyNextSeason and serves as a member of the Board of Trustees for the Global Association of Risk Professionals. He earned a Master of Government Administration from the University of Pennsylvania and a Bachelor of Science in Mechanical Engineering from the Massachusetts Institute of Technology.
About Alexander Crawford
Alec Crawford has over 30 years of experience in financial research, investing, risk management, and technology management at some of the largest and most respected financial institutions in the world, including Goldman Sachs and Morgan Stanley. He retired in 2022 as a Partner and CIRO from Lord, Abbett and is now a Limited Partner there. He helped pioneer and then focused extensively on mortgage-backed securities throughout his career. His MBS research has appeared in numerous publications, including Frank Fabozzi’s Handbook of Fixed Income Securities. As the Founder and CEO of Artificial Intelligence Risk, Inc., he created a governance, risk, compliance, and cybersecurity platform for organizations to use artificial intelligence. Alec is a thought leader on making AI effective, safe, and ethical and has written extensively on the topic. Alec received a B.S. in computer science from Harvard University and built neural networks and AI expert systems as part of his undergraduate thesis.
Company Description
Dynex Capital, Inc. is a financial services company committed to ethical stewardship of stakeholders’ capital, employing comprehensive risk management and disciplined capital allocation to generate dividend income and long-term total returns through the diversified financing of real estate assets in the United States. Dynex operates as a REIT and is internally managed to maximize stakeholder alignment. Additional information about Dynex Capital, Inc.
SOURCE: https://www.dynexcapital.com/
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