Thakkar as they focus on setting and implementing the Company’s investment strategy. Kardis will focus on all aspects of business oversight, operations, strategic planning, policies and transactions and will work closely and collaboratively with Mr. Thakkar also held roles of increasing responsibility at Hyperion Brookfield Asset Management from 2005 to 2008, one of the original asset managers of residential mortgage-backed security funds, where he traded RMBS and managed a Mortgage REIT fund.Īs CEO, Mr. Thakkar headed Trading for Genworth’s Structured Portfolio from 2008 to 2012, which included RMBS, CMBS and ABS. Thakkar joined Chimera as Chief Risk Officer in December 2020 from Genworth Financial, where he led the Fixed Income Trading Desk. Yarlagadda served as a Director in Structured Credit Products at Credit Suisse and as a Vice President in the Fixed Income Mortgage Group at Nomura Securities International, Inc.ĭan Thakkar, has been appointed Co-Chief Investment Officer, effective immediately. Yarlagadda was a Managing Director and Head of Structured Products for Annaly Capital Management since January 2008, where he was involved in the investment activities of Chimera. Prior to joining Chimera as Chief Operating Officer in August 2015, when the Company internalized its management, and becoming its President in 2021, Mr. As President and Chief Operating Officer, he has been closely involved in the selection and structuring of the Company’s investments. Yarlagadda has played a critical role in all aspects of the Company’s investment strategy and execution and was a member of Chimera’s investment team at its founding. Yarlagadda, President, Chief Operating Officer and member of the Chimera Board of Directors, has been appointed Co-Chief Investment Officer, effective immediately. Kardis succeeds Chief Executive Officer, Chief Investment Officer and Director Mohit Marria, who has stepped down from the Company and the Board, effective immediately.Ĭhoudhary A. In addition to 26 years as an attorney, he has held senior positions in both the Legislative and Executive Branches of the Federal Government as well as in public and private corporations. He first served as the Company’s IPO and primary outside corporate and transactional counsel, and since 2015 as its Chief Legal Officer and Secretary. Kardis has recognized expertise in mortgage REITs and structured transactions. Kardis has been immersed in all aspects of the Company’s strategic planning, policies and transactions, including serving on the Valuation Committee and Investment Committee. Kardis has been actively involved in leadership of the Company, its operations, and its strategic initiatives since its founding in 2007, and has played a key role in structuring the Company’s securitization, financing and investment transactions. Kardis will also become a member of the Board of Directors as a Class III director and will stand for election to the Board at the Company’s 2023 Annual Meeting of Shareholders. Kardis II, has been appointed Chief Executive Officer, effective immediately. NEW YORK, December 12, 2022-( BUSINESS WIRE)-Chimera Investment Corporation ("Chimera" or the "Company") (NYSE:CIM) today announced leadership changes intended to strengthen the Company’s performance, and position the Company to navigate changing market dynamics. Yarlagadda, President, Chief Operating Officer and Director, and Dan Thakkar, Chief Risk Officer, Appointed Co-Chief Investment OfficersĬEO, CIO and Director Mohit Marria to Step Down from Company, Effective Immediately Kardis II Appointed Chief Executive Officer and DirectorĬhoudhary A.
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