Matthew Lambiase

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Description


Matthew Lambiase, age 43, has served as our President and Chief Executive Officer, and one of our Class II Directors since August 2007. He is Executive Vice President, Structured Products for Annaly Capital Management, Inc., or Annaly, and our Manager, and a member of our Manager?s Investment Committee. He joined these companies in June 2004. Before joining Annaly and FIDAC, Mr. Lambiase was a Director in Fixed Income Sales at Nomura Securities International, Inc. Over his 11 year employment at Nomura, Mr. Lambiase was responsible for the distribution of commercial and residential mortgage-backed securities to a wide variety of institutional investors. Mr. Lambiase also held positions at Bear, Stearns & Company as Vice President in Institutional Fixed Income Sales and as a mortgage analyst in the Financial Analytics and Structured Transaction Group. In light of our business operations, Mr. Lambiase?s experience at Annaly and our Manager allows us to benefit from his experience. This experience and knowledge led us to conclude that Mr. Lambiase should serve as a director. Mr. Lambiase has been during the past five years and is currently employed at Annaly and our Manager. Mr. Lambiase has a Bachelors Degree in Economics from the University of Dayton.

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