Thomas Murphy – President, Head of Trading; Registered Series 7, 24 and 63. Thomas was a Senior Vice President at Jefferies Corp. from March 2001 until March 2008 responsible for the management of a $10 billion repo/reverse repo matched book. Prior to this position Thomas spent 20 years in the equity and fixed income securities lending business.

Jon Hunt – Senior Vice President, Trading; Registered Series 7 and 63. Jon was a Vice President at ABN Amro from May 2006 until December 2008 where he was responsible for part of a $50 billion Agency and mortgage-backed matched financing book. Prior to ABN, Jon spent 12 years trading in the Treasury and repo markets for other foreign banks, primary dealers and hedge funds.

Melissa Shaw – Chief Compliance Officer, Associate General Counsel, Corporate Secretary; Registered Series 7, 9, 10, 23 and 63. Melissa was a Senior Compliance Officer at Bear Stearns from 2006 until June 2008 where she served as lead advisor to the Private Client Services executive management team on rules and regulations applicable to the retail and advisory business. From 2004 until 2006, Melissa was Investment Management Counsel at Brown Brothers Harriman with responsibility for NYSE and 1940 Act compliance and other responsibilities. She also held similar roles at Smith Barney, Galway Capital and Advest.

William Clark – Senior Vice President, Anti-Money Laundering Compliance Officer, FinOp; Registered Series 7, 24, 27 and 63. Bill has 20 years experience in the securities industry, including four years as a Compliance Examiner at FINRA and two years as an internal auditor. He has compliance expertise and thorough knowledge of securities trading, operations and financial reporting including AML, Continuing Ed, WSP’s, Financial Reporting, TRACE reporting and transactions surveillance. Bill was most recently employed at BNY Mellon in the capital markets group as Compliance Officer.

Felicia Brower – Senior Vice President, Controller; Registered Series 27 Felicia is qualified as a Certified Public Accountant and was previously employed at Deloitte & Touche as a Senior Audit Manager from 1997 to 2003 and from December 2006 until May 2008. During her employment at Deloitte, Felicia was involved in the audits of many financial services companies. From 2003 through 2006, Felicia was employed by Goldman Sachs.

Jason Kump – Senior Vice President, Trade Execution. Since February 2004, Jason has worked as the senior member in the trade execution team for Annaly utilizing the BNY Mellon clearing system (GSCX) where he was responsible for the daily settlement of bond transactions, repo transactions, cash wires, tracking of all payments and reconciliations. Prior to Annaly, Jason spent two years at Barclays Capital as a trading analyst for treasury, corporate and asset backed traders. Prior to this position, Jason was employed from 1997 until 2002 at Prudential Securities.

Rick Diehl – Vice President, Trade Execution. Rick has been a member of the trade execution team of Annaly for the past two years. Rick utilized GSCX for daily settlements of bond transactions, repo transactions, cash wires, tracking of all payments and reconciliations. Prior to joining Annaly, Rick was employed by Bank of New York from November 2003 until March 2007 as a mortgage loan officer.

Thomas Mullane – Vice President, Trade Execution. Tom has been a member of the trade execution team of Annaly for the past year, where he utilized GSCX for daily settlements of bond transactions, repo transactions, cash wires, tracking of all payments and reconciliations. Prior to joining Annaly, Tom was employed by The McNamara Group from 2001 until 2008 as a consultant focused on working with investment management firms to improve operational infrastructure in trading, reconciliation and reporting areas. From 1998 until 2001 Tom worked as an account manager with CheckFree Investment Services in Boston.

John Frost - Vice President; Registered Series 7 and 63. Mr. Frost has over 25 years of experience in fixed income and equity lending activities. He has managed trading operations, trading positions and client relationships for these activities, most recently at Morgan Stanley.

Mike Iannetta - Vice President; Registered Series 7, 24 and 63. Mr. Iannetta's career spans over 20 years of experience in securities lending activities, predominantly at Morgan Stanley. He has managed teams of professionals in trading, sales and operations and successfully overseen operations in both the U.S. and London.