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Board of Directors
Joseph Lloyd McAdams Chairman
Lloyd McAdams has been Anworth Mortgage Asset Corporation's Chairman of the Board, President and Chief Executive Officer since its formation in 1997. Mr. McAdams is also the Chairman of the Board, Chief Investment Officer and co-founder of Pacific Income Advisers, Inc., or 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 and a Certified Employee Benefit Specialist.
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.
Lee A. Ault III Independent Director
Lee A. Ault, III has been a director of Anworth Mortgage Asset Corporation since October 2002 and is also a private investor. Mr. Ault is currently a Director of 38 mutual funds managed by Capital Research and Management Company. Mr. Ault also serves as a Director of Office Depot, Inc. From 1968 until 1992, he was Chief Executive Officer of Telecredit, Inc., a 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.
Charles H. Black Independent Director
Charles H. Black has been a director of Anworth Mortgage Asset Corporation since its formation. Since 1985, Mr. Black has been a private investor and financial consultant. From 1985 to 1987, he served as Vice Chairman and Director of Pertron Controls Corporation. From 1982 to 1985, Mr. Black served as the Executive Vice President, Director, Chief Financial Officer for Kaiser Steel Corporation. From 1980 to 1982, Mr. Black served as Executive Vice President and Chief Financial Officer of Great Western Financial Corporation. From 1957 to 1980, Mr. Black served at Litton Industries, where he ultimately held the position of Corporate Vice President and Treasurer. Mr. Black serves as an advisory director of Windsor Capital Group, Inc. and a director of Jet Fleet International Inc.
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.
Joseph E. McAdams Director
Joseph E. McAdams has been a director and Executive Vice President of Anworth Mortgage Asset Corporation (the 'Company') since June 2002 and Chief Investment Officer of the company since January 2003. Mr. McAdams joined the company as a Vice President in June 1998. Mr. McAdams joined PIA in 1998 and holds the position of Senior Vice President with a specialty in mortgage-backed securities and is also responsible for PIA’s fixed income trading. 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.
Officers
Joseph Lloyd McAdams President and Chief Executive Officer
Lloyd McAdams has been Anworth Mortgage Asset Corporation's Chairman of the Board, President and Chief Executive Officer since its formation in 1997. Mr. McAdams is also the Chairman of the Board, Chief Investment Officer and co-founder of Pacific Income Advisers, Inc., or 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 and a Certified Employee Benefit Specialist.
Thad M. Brown Chief Financial Officer, Treasurer & Secretary
Thad M. Brown has been the Chief Financial Officer, Treasurer and Secretary of our company since June 2002. Mr. Brown has also been the Chief Operating and Compliance Officer, Secretary and Treasurer of Pacific Income Advisers since April 2002. From 1999 to 2002, Mr. Brown was President and Chief Executive Officer of Wealthpoint, a financial consulting and investment advisory firm. From 1987 until 1999, Mr. Brown was associated with Provident Investment Counsel, eventually becoming its Chief Operating Officer and Senior Vice President. Mr. Brown began his career with Touche Ross & Co. Mr. Brown graduated magna cum laude from Metropolitan State College, holds a master’s degree in tax law from the University of Denver, is a Certified Public Accountant, received the Personal Financial Specialist designation from the American Institute of Certified Public Accountants, the CFP® designation from the CFP Board and the Investment Adviser Certified Compliance Professional (IACCPsm) designation from National Regulatory Services.
Joseph E. McAdams Chief Investment Officer, Executive Vice President
Joseph E. McAdams has been a director and Executive Vice President of Anworth Mortgage Asset Corporation (the 'Company') since June 2002 and Chief Investment Officer of the company since January 2003. Mr. McAdams joined the company as a Vice President in June 1998. Mr. McAdams joined PIA in 1998 and holds the position of Senior Vice President with a specialty in mortgage-backed securities and is also responsible for PIA’s fixed income trading. 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.
Heather U. Baines Executive Vice President
Ms. Baines is an Executive Vice President of our company and has been the President and Chief Executive Officer of Pacific Income Advisers (PIA) since their formation 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 Senior Vice President and Portfolio Manager
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.
Charles J. Siegel Senior Vice President-Finance and Assistant Secretary
Charles J. Siegel joined our company in October 2004 and has served as Senior Vice President—Finance, since January 2005 and as Assistant Secretary since May 2005. From February 2003 to September 2004, Mr. Siegel was affiliated with Borrowers Best Mortgage Company, L.P., a mortgage originator, initially as a consultant and then as its Chief Financial Officer. 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.
Evangelos Karagiannis Vice President and Portfolio Manager
Mr. Karagiannis has been a Vice President of our company and of Pacific Income Advisers since their formation. Mr. Karagiannis joined PIA in 1992 and holds the position of Vice President. Mr. Karagiannis serves as Fixed Income Portfolio Manager with a specialty in mortgage-backed securities and is also responsible for PIA's quantitative research. Mr. Karagiannis has been the author and co-author with Mr. Lloyd McAdams of articles on fixed income portfolio management for PIA's internal research. Mr. Karagiannis holds a Doctor of Philosophy degree in physics from the University of California at Los Angeles ('UCLA') and, prior to joining PIA, was a postdoctoral fellow at UCLA, where he was a Fulbright Scholar. Mr. Karagiannis is also a Chartered Financial Analyst charterholder.
John T. Hillman Vice President and Director of Investor Relations
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.
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