Directors & Officers

Directors & Officers

Board of Directors

Joseph Lloyd McAdams
Chairman of the Board
Lloyd McAdams has been Anworth Mortgage Asset Corporation's Chairman of the Board since its formation in 1997. He was also the Company’s President from its inception through July 2016 and Chief Executive Officer from its inception through September 2018. Mr. McAdams is also the President, Chief Investment Officer and co-founder of Pacific Income Advisers, Inc. (“PIA”), an investment advisory firm organized in 1986 that manages portfolios for institutional and individual clients. Mr. McAdams is also the Chairman of Syndicated Capital, Inc., a registered broker-dealer. Mr. McAdams holds a Bachelor of Science in Statistics from Stanford University and a Masters in Business Administration from the University of Tennessee. Mr. McAdams is a Chartered Financial Analyst charterholder.
Lee A. Ault III
Independent Director
Lee A. Ault III has been a director of our Company since October 2002. From 1968 to 1992, Mr. Ault was Chief Executive Officer of Telecredit, Inc., a publicly traded payment services company. He also served as President of Telecredit, Inc. from 1968 until 1983 and as Chairman of the Board from 1983 until 1992. From 1999 until 2006, Mr. Ault served as Chairman of the Board of In-Q-Tel, Inc., a technology venture company funded principally by the Central Intelligence Agency (CIA). From 1999 through 2011, Mr. Ault served as a director, and part of the time as Chairman of the Board, of several mutual funds managed by Capital Research and Management Company, a subsidiary of The Capital Group. From 1998 until 2011, Mr. Ault served as a director of Office Depot, Inc. Mr. Ault also served as a director of the following public companies: Alex Brown Incorporated; Bankers Trust Corporation; Equifax, Inc.; Viking Office Products; and Sunrise Medical Corporation. Mr. Ault holds a Bachelor of Arts degree from Yale University.
Joe E. Davis
Independent Director
Joe E. Davis has been a director of Anworth Mortgage Asset Corporation since its formation. He has been a private investor since 1982. Mr. Davis currently serves as a director (since 2000) of Natural Alternatives International, Inc. Mr. Davis currently serves as a trustee (since 1991) of American Funds Insurance Series, and as a director (since 2007) of American Funds Target Date Retirement Series, Inc., each a publicly traded investment company. Previously, Mr. Davis served as Chairman of the Board of Linear Corporation (1987 - 1988); President and Chief Executive Officer of BMC Industries, Inc. (1985); and President and Chief Executive Officer of National Health Enterprises, Inc. (1974 - 1982). Formerly, Mr. Davis was a director of BMC Industries, Inc. and Wilshire Technologies, Inc., and a director of Freymiller Trucking, Inc. Mr. Davis graduated from the University of Texas with a Bachelor of Science in Chemistry. He holds a Master of Business Administration degree from Harvard Graduate School of Business Administration.
Robert C. Davis
Independent Director
Robert C. Davis has been a director of Anworth Mortgage Asset Corporation since May 2005. Mr. Davis has been the Chief Executive Officer of Optimus EMR, Inc. since 2000. Prior to that, he served as Chief Executive Officer and Chairman of the Board of Amcare, Inc. and as a director of Roger Cleveland Golf Company, Inc. Mr. Davis holds both a Master of Business Administration degree in Finance and a Bachelor of Science degree in Accounting from the University of Southern California.
Mark S. Maron
Independent Director
Mark S. Maron has been a director of our Company since May 2014. Mr. Maron is the Managing Partner with The Latigo Group, a private real estate development firm located in Los Angeles, California. Prior to forming The Latigo Group, Mr. Maron was a Partner with Acre Investment Co., a private equity real estate investment firm located in Pleasanton, California. From September 2005 to December 2007, Mr. Maron was a founding principal of Birchmont Capital Advisors, LLC (“Birchmont”), a real estate private equity firm focused on multi-family properties. After the fund closed in January 2007, Birchmont was renamed JRK Multifamily and currently has 3 funds outstanding with over $1 billion in equity under management. Prior to forming Birchmont, Mr. Maron spent 23 years as an investment banker, including 18 years at Credit Suisse, where he ran the firm’s Investment Banking Division in Los Angeles. Mr. Maron served on the Board of Directors of True Religion Brand Jeans until its sale to a private equity firm in July 2013. Mr. Maron holds a Bachelor of Arts degree from McGill University in Montreal, Canada, and holds a Master of Business Administration degree in Finance from the Wharton School of Business. Our board believes it is particularly well served by Mr. Maron’s extensive experience in the residential and commercial real estate business and by his experience on the board of a public company.
Joseph E. McAdams
Director
Joseph E. McAdams has been a director and Executive Vice President of the Company since June 2002 and Chief Investment Officer since January 2003. On July 15, 2016, he was appointed President of the Company by the independent members of the Board and was subsequently appointed Chief Executive officer effective September 30, 2018. Mr. McAdams joined the Company as a Vice President in June 1998. Mr. McAdams joined Pacific Income Advisers, Inc. (“PIA”) in 1998 and holds the position of Senior Vice President with a specialty in mortgage-backed securities. Prior to joining PIA, from 1993 to 1998, Mr. McAdams was employed by Donaldson, Lufkin & Jenrette Securities Corp. in New York as a mortgage-backed security trader and research analyst. Mr. McAdams holds a Master of Arts degree in Economics from the University of Chicago and a Bachelor of Science degree in Economics from the Wharton School of the University of Pennsylvania. Mr. McAdams is also a Chartered Financial Analyst charterholder.
Dominique Mielle
Independent Director
Ms. Dominique Mielle was a partner at Canyon Capital Advisors, LLC (“Canyon”) from August 1998 to December 2017 where she primarily focused on the transportation, technology, retail and consumer products sectors, specialized in corporate and municipal bond securitizations and was responsible for all aspects of Canyon’s collateralized loan obligations business. Ms. Mielle has over 25 years of experience on Wall Street, investing in fixed income and leading capital structure optimizations and restructurings. She was named one of the “Top 50 Women in Hedge Funds” by Ernst & Young in 2017. Prior to joining Canyon in 1998, Ms. Mielle worked at Libra Investments, Inc. as an associate in the corporate finance department covering middle market companies. Prior to that, she worked at Lehman Brothers as an analyst in the Financial Institutions group, focusing on mergers and acquisitions. Ms. Mielle graduated with an M.B.A. (Finance) from Stanford University and a Master in Management degree from Ecole des Hautes Etudes Commerciales in France (HEC Paris).

Officers

Joseph E. McAdams
Joseph E. McAdams
President, Chief Executive Officer and Chief Investment Officer
Joseph E. McAdams Joseph E. McAdams has been a director and Executive Vice President of the Company since June 2002 and Chief Investment Officer since January 2003. On July 15, 2016, he was appointed President of the Company by the independent members of the Board and was subsequently appointed Chief Executive officer effective September 30, 2018. Mr. McAdams joined the Company as a Vice President in June 1998. Mr. McAdams joined Pacific Income Advisers, Inc. (“PIA”) in 1998 and holds the position of Senior Vice President with a specialty in mortgage-backed securities. Prior to joining PIA, from 1993 to 1998, Mr. McAdams was employed by Donaldson, Lufkin & Jenrette Securities Corp. in New York as a mortgage-backed security trader and research analyst. Mr. McAdams holds a Master of Arts degree in Economics from the University of Chicago and a Bachelor of Science degree in Economics from the Wharton School of the University of Pennsylvania. Mr. McAdams is also a Chartered Financial Analyst charterholder.
Charles J. Siegel
Charles J. Siegel
Chief Financial Officer, Treasurer and Secretary
Charles J. Siegel Charles J. Siegel joined our Company in October 2004 and has served as our Chief Financial Officer, Treasurer and Secretary since January 1, 2016. He previously served as Senior Vice President—Finance since January 2005 and as Assistant Secretary since May 2005. Prior to joining our Company, Mr. Siegel served as Chief Financial Officer with various mortgage originators for over 30 years. Mr. Siegel began his career with KPMG. Mr. Siegel graduated with a Bachelor of Science degree from Syracuse University, is a Certified Public Accountant and a licensed real estate broker.
Heather U. Baines
Heather U. Baines
Executive Vice President
Heather U. Baines Ms. Baines is an Executive Vice President of our company and is the Chairman of the Board of Pacific Income Advisers (PIA), which was formed in 1987. From 1978 to 1987, Ms. Baines was employed by Security Pacific Investment Managers, Inc., ultimately holding the position of Senior Vice President and Director. Ms. Baines holds a bachelors degree from Antioch College.
Bistra Pashamova
Bistra Pashamova
Senior Vice President and Portfolio Manager
Bistra Pashamova Ms. Pashamova, who joined our company in June 2002, is a Senior Vice President and Portfolio Manager. Ms. Pashamova is also a Portfolio Manager and member of the Bond Strategy group, specializing in mortgage-backed and asset-backed securities, for Pacific Income Advisers (PIA). Ms. Pashamova joined PIA in 1997 and holds the position of Vice President. Ms. Pashamova holds a Master of Arts degree in Economics from the University of Southern California and a Bachelor of Arts degree in Economics and International Studies from Denison University. Ms. Pashamova is also a Chartered Financial Analyst charterholder.
Brett I. Roth
Brett I. Roth
Senior Vice President and Portfolio Manager
Brett I. Roth Mr. Roth is responsible for credit mortgage investing at Anworth. He has over twenty years of experience as an investment professional. During the past 15 years, Mr. Roth has held senior positions responsible for investment in non-agency mortgage assets. Prior to joining Anworth, he was at Trust Company of the West (TCW), where he was a member of the Credit Mortgage-Backed Securities group, and later the combined Mortgage Backed Securities (MBS) Group. During his tenure at TCW, Mr. Roth was a trader on the Mortgage-Backed Securities desk. In addition, he was involved in various new strategic initiatives for the MBS Group at TCW including a mortgage REIT, a distressed mortgage loan fund, and a distressed single-family property fund. Prior to joining TCW, Mr. Roth was responsible for creating a mortgage loan conduit business at MFA Financial, Inc., a mortgage REIT. Previously, he had spent five years at GreenPoint Financial as the Mortgage Loan Portfolio Manager where he managed and traded the loan portfolio, growing it to $12 billion. At GreenPoint, Mr. Roth was responsible for the daily pricing of loan originations for the portfolio, the development of Hybrid ARM origination programs between the portfolio and the mortgage company, and the creation of a bulk/mini-bulk third party origination channel for the portfolio. Mr. Roth's earlier experiences include trading MBS on both the buy side and the sell side. Mr. Roth is a Chartered Financial Analyst. He holds a BBA degree in Accounting from Emory University and an MBA degree from the Fuqua School of Business at Duke University.
John T. Hillman
John T. Hillman
Vice President and Director of Investor Relations
John T. Hillman Mr. Hillman joined our company in 2002 as the Director of Investor Relations. He began his career with Goldman, Sachs & Co., which spanned 17 years. His tenure consisted of a diverse range of roles which included a Sales Assistant in Private Client Services, an Executive Assistant to the Managing Director of the Listed Shares area through his final position as the Supervisor of Corporate Services. Mr. Hillman attended Columbia College in Chicago, Illinois.


Mr. Lloyd McAdams, Anworth’s Chief Executive Officer, rings the opening bell on the New York Stock Exchange on May 9, 2003.</

Mr. Lloyd McAdams, Anworth’s Chief Executive Officer, rings the opening bell
on the New York Stock Exchange on May 9, 2003.