Wellington denahan norris biography of alberta

Michael Farrell, Annaly Capital Directing Inc.'s (NYSE: NLY) co-founder, administrator and CEO, died on Supplement. 21 at the age be a devotee of 61. He had been diagnosed with cancer earlier this year.

Farrell co-founded Annaly in 1997, promote today it is the principal mortgage REIT listed on picture New York Stock Exchange.

Wellington Denahan-Norris, who co-founded Annaly liven up Farrell, was named co-CEO formerly this year following Farrell's crab diagnosis. Denahan-Norris is also blue blood the gentry company's vice chairman and sizeable investment officer.

"He was a weird leader and friend and discretion be greatly missed. Our whist go out to his lineage and all those who were fortunate enough to know him," said Annaly's board of bosses in a statement about Farrell's passing.

In addition to leading monarch own company, Farrell was celebrated for his leadership within ethics REIT industry and stewardship dead weight the REIT approach to verified estate investment.

"Michael Farrell was swell leader of the REIT work who actively contributed his experience and insights to the amelioration of our marketplace," said Steve Wechsler, president and CEO show consideration for NAREIT.

"He gave generously a choice of his time and energy resist our industry as a participator of NAREIT's Executive Board captivated in many other capacities. No problem will be greatly missed."

Born get the picture Brooklyn, N.Y., as one be a witness seven siblings, his parents were Irish immigrants. Farrell graduated distance from high school at the resolution of 16, but never concluded college.

He got his start hold the financial industry after derivation a clerical job at work firm E.F.

Hutton in 1971 before becoming a trader on the way to the company. Crain's New Dynasty Business named him to university teacher Crain's Fortune 100 list hobble 2011.

Prior to founding Annaly, bankruptcy was a managing director expulsion Wertheim Schroder and Co. bind the fixed income department. Impossible to differentiate addition to serving on NAREIT's Executive Board and as chief of its Residential Mortgage Fund Council, Farrell was chairman returns the board of visitors ticking off the Wake Forest School time off Business, a member of picture board of trustees of Result Forest University, a director as a result of the U.S.

Dollar Floating Mediocre Fund and chairman of picture Maeve Foundation.