William Roth Assumes Chief Investment Officer Role at Two Harbors Investment Corp.
Harbors Investment Corp.(NYSE: TWO; NYSE MKT: TWO.WS)
today announced the appointment of William Roth as Chief Investment
Officer, effective January 1, 2013. In addition, Matthew Koeppen was
promoted to Managing Director, and William Greenberg joins Two Harbors
from UBS as a Managing Director.
Steven Kuhn, who has shared the role of Co-Chief Investment Officer with
Mr. Roth over the past three years, intends to devote his full attention
to his role with Pine River Capital Management L.P., the parent of the
company’s external manager, where he serves as a Partner and the Head of
Fixed Income Trading.
“We are delighted to congratulate Bill on his appointment as CIO. This
is a natural transition for Bill and Steve, as Bill and his team have
been instrumental to the superior security selection and economic
returns of the Company over the past few years. We are confident that
this bifurcation of duties will best serve all investors, both in Two
Harbors and Pine River,” stated Thomas Siering, Two Harbors' President
and Chief Executive Officer. “Bill and his team will continue to draw
upon the extensive capabilities within Pine River, the external manager
of Two Harbors, including close collaboration with Steve and the rest of
the Pine River mortgage team.”
“We wish to sincerely thank Steve for his invaluable and dedicated
service to Two Harbors,” said Mr. Siering. “We could not have built Two
Harbors without Steve. We will be forever grateful for his many
The company also announced today that Matthew Koeppen has been appointed
Managing Director. "We are pleased to announce Matt’s promotion to
Managing Director," stated Mr. Siering. “Matt has been an important
member of the investment team, and has contributed significantly to our
success since he joined Two Harbors in 2010.”
Prior to joining Two Harbors, Mr. Koeppen held a variety of positions
with Black River Asset Management, which is a division of Cargill,
Incorporated. Most recently, Mr. Koeppen served as a Managing Director
of Business Development, where he was responsible for a variety of
initiatives to diversify and grow assets under management. From 2003 to
2007, Mr. Koeppen was a Managing Director and Portfolio Manager for
Black River Asset Management. In this role, he was responsible for
managing a securitized products portfolio, including Agency RMBS,
specified pools, TBAs, non-Agency RMBS, interest only securities, and
other derivatives. From 1996 to 2003, Mr. Koeppen was a Vice President
in the Financial Markets Group for Cargill where he traded Agency and
non-Agency RMBS and municipal bonds. Mr. Koeppen received a B.A. degree
in Financial Management from the University of St. Thomas.
Additionally, the company announced that William Greenberg has joined
Two Harbors as a Managing Director. "We are delighted to add Bill to our
investment management team," said Mr. Siering. "His extensive experience
in mortgage trading, risk management, and quantitative analysis will
further bolster our team."
Prior to joining Two Harbors, Mr. Greenberg was a Managing Director and
the Head of Investment Bank Risk Control Strategy at UBS AG (NYSE: UBS),
where he was responsible for issues of strategic importance to the
investment bank. Prior to that, he was Head of Mortgage Strategy &
Solutions Group, where he was responsible for managing the risk
associated with mortgage repurchase liability related to over $100
billion of RMBS and whole loans issued and/or sold by UBS. Before that,
he was Senior Portfolio Manager and Co-head of U.S. trading within the
SNB StabFund, the business unit created in 2008 to manage $40 billion of
legacy RMBS, ABS, and CMBS securities and loans. Prior to joining UBS,
Mr. Greenberg was a Managing Director and Senior Portfolio Manager at
Natixis NA, where he co-managed both client and proprietary portfolios
of Agency and Non-Agency RMBS. Mr. Greenberg holds a B.S. in physics
from the Massachusetts Institute of Technology, and M.S. and Ph.D.
degrees in theoretical nuclear physics from the University of Washington.
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, residential real properties and other
financial assets. Two Harbors is headquartered in Minnetonka, Minnesota,
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.
Stockholders and warrant holders 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., 601 Carlson
Parkway, Suite 150, Minnetonka, MN 55305, telephone 612-629-2500.