Two
Harbors Investment Corp. (NYSE: TWO) announced today
that, effective January 1, 2015, Robert Rush will assume the role of the
company’s Chief Risk Officer. Paul Richardson, who has served as the
company’s Chief Risk Officer over the past several years, will remain in
his role as Partner and Chief Risk Officer for Pine River Capital
Management L.P., the parent of the company’s external manager.
“We are excited to congratulate Bob on his promotion to Chief Risk
Officer. He has done an outstanding job as our Managing Director, Risk
Management, and this is a natural transition for Bob and Paul,” stated
Thomas Siering, Two Harbors’ President and Chief Executive Officer. “We
wish to sincerely thank Paul for his invaluable service to Two Harbors
and we look forward to continuing to collaborate with him in the future.”
Mr. Rush has served as Two Harbors’ Managing Director, Risk Management,
since September 2013. Prior to joining the company, Mr. Rush held a
variety of positions at UBS AG in New York. During 2013, he was a
Managing Director and Director of Risk Strategy for the Non-Core and
Legacy Group, the unit established to oversee UBS’ exit from
capital-inefficient businesses. From 2009 to 2012, he served as Head of
Risk Analytics for the StabFund Investment Management Group, focusing on
fundamental/technical analytics and interest rate risk management for a
multi-billion portfolio of residential and commercial loans, RMBS, CMBS
and ABS. From 2007 to 2008, Mr. Rush served as the Head CDO and Esoteric
Asset Trader for the UBS Workout Group, and from 2006 to 2007, he
co-managed the ABS/CMBS Derivatives Structuring Team within the Global
CDO Group. Prior to his time at UBS, he served in various investment
management and research positions. Mr. Rush holds a B.S. in Mathematics
from Fordham University, an M.S. in Operations Research & Statistics
from Rensselaer Polytechnic Institute, and a Ph.D. in Decision Sciences
& Engineering Systems from Rensselaer Polytechnic Institute.
Two Harbors Investment Corp.
Two Harbors Investment Corp., a Maryland corporation, is a real estate
investment trust that invests in residential mortgage-backed securities,
residential mortgage loans, mortgage servicing rights and other
financial assets. Two Harbors is headquartered in New York, New York,
and is externally managed and advised by PRCM Advisers LLC, a wholly
owned subsidiary of Pine River Capital Management L.P. Additional
information is available at www.twoharborsinvestment.com.
Additional Information
Stockholders of Two Harbors and other interested persons may find
additional information regarding the company at the Securities and
Exchange Commission’s Internet site at www.sec.gov
or by directing requests to: Two Harbors Investment Corp., 590 Madison
Avenue, 36th floor, New York, NY 10022, telephone
612-629-2500.
Copyright Business Wire 2014