Financial Services >> CEO Interviews >> July 2, 2001
MICHAEL A. J. FARRELL was elected on December 5, 1996 to serve as
Chairman of the Board and Chief Executive Officer of Annaly Mortgage
Management, Inc. Since July 1994, he has been the President and CEO of
FIDAC. He is a member of the Board of Directors of the U.S. Dollar
Floating Rate Fund. Prior to founding FIDAC, from February 1992 to July
1994, Mr. Farrell served as President of Citadel Funding Corporation.
From April 1990 to January 1992, Mr. Farrell was a Managing Director for
Schroder Wertheim & Co. Inc. in the Fixed Income Department. In addition
to being the former Chairman of the Primary Dealers Operations Committee
of the Public Securities Association (from 1981 through 1985) and its
Mortgage Backed Securities Division, he is a former member of the
Executive Committee of its Primary Dealers Division. Prior to his
employment with Schroder Wertheim, Mr. Farrell had been President of
L.F. Rothschild Mortgage Capital, Inc., Vice President of Trading at
Morgan Stanley and Co., Inc., and Senior Vice President of Merrill Lynch
and Co., Inc. Mr. Farrell began his career at E.F. Hutton and Company in
1971. Mr. Farrell has 25 years of experience in fixed income trading,
management and operations. Profile
Management, Inc.?
Mr. Farrell: I'm the Chairman and a Founder of Annaly Mortgage
Management, which is a New York Stock
