""Two Harbors Investment Corp."":http://www.twoharborsinvestment.com has announced the appointment of Brad Farrell as CFO and treasurer, effective January 1, 2012.
[IMAGE] Two Harbors Investment Corp. is a real estate investment trust (REIT) that invests in residential mortgage-backed securities (RMBS), residential mortgage loans, and other financial assets. Two Harbors is externally managed and advised by PRCM Advisers, LLC, a wholly-owned subsidiary of Pine River Capital Management L.P.
Two Harbors said in a statement that its current CFO, Jeffrey Stolt, will continue to serve as partner and CFO of Pine River Capital Management after January 1.[COLUMN_BREAK]
""With our rapid growth and expansion over the past two years, we have reached an inflection point where we believe a fully dedicated chief financial officer best serves our shareholders,"" said Thomas Siering, Two Harbors' president and CEO.
""Jeff made invaluable contributions to Two Harbors during our formation years,"" Siering added. ""Jeff hired Brad Farrell in 2009 as controller of Two Harbors, and together they have worked closely on Two Harbors' capital market transactions, counterparty negotiations, and building out Two Harbors' finance and governance processes. Brad is a natural successor to Jeff.""
Farrell has over 14 years of experience in corporate financial management, reporting, and business analysis for public financial service companies. As controller, he is currently responsible for Two Harbors' accounting, Sarbanes-Oxley and REIT compliance activities, along with preparing financial disclosures for the firm's Securities and Exchange Commission filings.
Prior to joining Two Harbors, Farrell was VP and executive director of external reporting at GMAC ResCap, and prior to that, held positions at XL Capital, Ltd, a global insurance underwriter. He began his career in audit for KPMG.