Annaly Capital Management, Inc. has promoted Ilker Ertas to Chief Investment Officer effective immediately. He will continue to report to David L. Finkelstein, companys Chief Executive Officer and a member of the Companys Board of Directors, who previously held the role of Chief Investment Officer since 2016. As Chief Investment Officer, Mr. Ertas will be responsible for overseeing all of companys investment strategies including capital allocation, growth initiatives and overall portfolio operations. He will continue to serve as a member of Annalys Operating Committee. Mr. Ertas has demonstrated leadership in managing companys Agency and Residential Credit investment strategies, most recently as Head of Securitized Products, since joining the company in 2015.