Two Harbors Investment Corp. Announces the Appointment of William Greenberg as Chief Investment Officer

Rhea-AI Summary

Two Harbors Investment Corp. (NYSE: TWO) appoints William Greenberg as Chief Investment Officer, in addition to his roles as President and CEO. This change follows the separation agreement with Matthew Koeppen, who has stepped down from the CIO position. Greenberg, who has over 25 years of experience in structured finance, previously served as Co-Chief Investment Officer and holds degrees from MIT and the University of Washington. This leadership change may provide a unified direction in investment strategies for the company, optimizing its portfolio management.

Positive

• Appointment of William Greenberg as CIO may enhance strategic investment direction.
• Greenberg's extensive experience in structured finance assets could benefit the company's investment strategies.

Negative

• Separation of Matthew Koeppen raises concerns regarding continuity in investment management.
• Potential experience gaps in the leadership team could affect operational stability.

Two Harbors Investment Corp. (NYSE: TWO), an Agency + MSR mortgage real estate investment trust, today announced that William Greenberg, the company’s President and Chief Executive Officer, has been appointed to also serve as the company’s Chief Investment Officer. The company entered into a mutually agreeable Separation and Release Agreement with Matthew Koeppen, pursuant to which Mr. Koeppen will cease to serve as the company’s Chief Investment Officer, with immediate effect.

William Greenberg has served as President and Chief Executive Officer of Two Harbors since June 2020 and as a Director since September 2020. Mr. Greenberg previously served as Co-Chief Investment Officer from January 2020 to June 2020 and as Co-Deputy Chief Investment Officer from June 2018 to January 2020. Mr. Greenberg has over 25 years of experience managing portfolios of structured finance assets. Prior to serving as an investment professional for Two Harbors beginning in 2012, he was a Managing Director at UBS AG, holding various senior positions with responsibilities including managing the mortgage repurchase liability risk related to over $100 billion of RMBS and whole loans issued and/or sold by UBS. Mr. Greenberg was Co-Head of Trading within the SNB StabFund, including managing $40 billion of legacy RMBS, ABS, and CMBS securities and loans. Prior to joining UBS, Mr. Greenberg was a Managing Director at Natixis NA, where he co-managed portfolios of RMBS and Agency Mortgage Servicing Rights. Mr. Greenberg holds a B.S. degree 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, mortgage servicing rights and other financial assets. Two Harbors is headquartered in Minnetonka, MN.

Additional Information

Stockholders 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 1400, Minnetonka, MN, 55305, telephone 612-453-4100.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210630005987/en/

FAQ

Who is the new Chief Investment Officer at Two Harbors Investment Corp.?

William Greenberg has been appointed as Chief Investment Officer at Two Harbors Investment Corp.

What happened to the previous Chief Investment Officer at Two Harbors?

Matthew Koeppen has ceased to serve as the Chief Investment Officer of Two Harbors Investment Corp.

What is the background of William Greenberg at Two Harbors?

William Greenberg has served as President and CEO since June 2020 and has over 25 years of experience in structured finance.

What are the implications of the leadership change at Two Harbors?

The leadership change may streamline investment strategies but raises concerns about continuity in management.