Chimera Investment Corporation, Inc. Appoints Brian Patrick Reilly as Director
July 31, 2019 at 05:18 pm EDT
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Chimera Investment Corporation Inc. announced that Brian Patrick Reilly has been appointed to the Company’s Board of Directors as a Class III Director. Mr. Reilly will stand for election at the Company’s 2020 shareholder meeting for the remaining two years of the Class III Director term. Mr. Reilly will serve on the Audit Committee, as a Financial Expert, and the Risk Committee of the Company’s Board of Directors. Mr. Reilly has over 34 years of experience across multiple roles in the financial services industry. He currently serves as Senior Vice President and Chief Auditor of The Travelers Companies Inc., where he oversees the global audit team evaluating financial controls, operational efficiency, regulatory compliance and system and data integrity. In addition, Mr. Reilly currently serves as a board member of the Connecticut Society of Certified Public Accountants, an organization of accounting professionals, and Village for Families and Children, a non-profit organization.
Chimera Investment Corporation is a real estate investment trust (REIT). The Company is primarily engaged in the business of investing in a diversified portfolio of mortgage assets, including residential mortgage loans, agency residential mortgage-backed securities (RMBS), non-agency RMBS, agency commercial mortgage-backed securities (CMBS), and other real estate-related assets. The Company invests in residential mortgage loans through secondary market purchases from banks, non-bank financial institutions, and agencies. Its residential mortgage loan portfolio is comprised of residential mortgage loans, business purpose loans, and investor loans. It also invests in investment grade, non-investment grade and non-rated non-agency RMBS. The Company is focused on investing in commercial mortgage loans consisting of first or second lien loans secured by multifamily properties. It is also focused on investing in securities issued in various collateralized debt obligations (CDOs), and others.