Hatteras Financial Announces the Retirement of Executive Vice President and Co-Chief Investment Officer, William H. Gibbs, Jr.
Hatteras Financial (NYSE: HTS) today announced, effective September 30, 2013, the retirement of William H. Gibbs, Jr., its Executive Vice President and Co-Chief Investment Officer, an office he has held since 2007. Mr. Gibbs has also been Executive Vice President and Co-Chief Investment Officer of the Company's manager, Atlantic Capital Advisors LLC (“ACA”) and of ACM Financial Trust (“ACM”), a privately-held mortgage REIT advised by ACA, and will also relinquish those positions on the same date.
“Bill was part of the team that founded ACA and brought Hatteras to the public markets through its IPO in 2008, and has been integral to our success,” said Michael R. Hough, the Company's Chief Executive Officer. “He was instrumental in developing, testing and executing the asset/liability strategy that we employ at Hatteras and ACM. I and the rest of the team have known Bill for more than 15 years and have valued the wise counsel he has brought to each enterprise in which we have been involved, especially the management of Hatteras.”
“Bill will now spend more time at his home in Maryland and we wish him the best after 30 years in the fixed income business. We expect to stay in touch and occasionally draw upon his experience and perspective as we progress through various economic and interest rate cycles,” said Mr. Hough.
Frederick J. Boos II, the Company's Executive Vice President and Co-chief Investment Officer since 2007 will become sole Chief Investment Officer of Hatteras and ACA on Mr. Gibbs' retirement. Mr. Boos started as Chief Investment Strategist of ACM in March 2006, and shared the Chief Investment Officer position with Mr. Gibbs at Hatteras since its formation.
About Hatteras Financial Corp.
Hatteras Financial Corp. is a real estate investment trust formed in 2007 to invest in single-family residential mortgage pass-through securities guaranteed or issued by U.S. Government agencies or U.S. Government-sponsored entities, such as Fannie Mae, Freddie Mac or Ginnie Mae. Based in Winston-Salem, N.C., the Company is managed and advised by Atlantic Capital Advisors LLC. The Company is a component of the Russell 1000® index.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.