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Western Asset Mortgage Capital Corp (WMC.N)

WMC.N on New York Stock Exchange

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18 Dec 2018
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Summary

Name Age Since Current Position

James Hirschmann

58 2009 Chairman of the Board

Jennifer Murphy

53 2016 President, Chief Executive Officer, Director

Lisa Meyer

53 2017 Chief Financial Officer, Treasurer

Elliott Neumayer

37 2015 Chief Operating Officer

Anup Agarwal

50 2013 Chief Investment Officer

M. Christian Mitchell

63 2014 Lead Independent Director

Edward Fox

70 2012 Independent Director

Ranjit Kripalani

58 2014 Independent Director

Richard Roll

78 2012 Independent Director

Larry Clark

Investor Relations

Biographies

Name Description

James Hirschmann

Mr. James W. Hirschmann, III, is the Chairman of the Board of Western Asset Mortgage Capital Corp. Mr. Hirschmann has also served as the chief executive officer of our Manager since 1999. Mr. Hirschmann serves on our Manager's board of directors and chairs our Manager's global strategy committee. Mr. Hirschmann has worked at our Manager since 1989. Mr. Hirschmann also served as the president of our Manager's parent company, Legg Mason, Inc. from May 2006 to April 2007. Mr. Hirschmann received a BS from Widener University. The Board believes Mr. Hirschmann is qualified to serve as a director because of his experience as chief executive officer and member of the board of directors of our Manager and his depth of experience in the financial and investment management industry.

Jennifer Murphy

Ms. Jennifer W. Murphyto is the President, Director and Chief Executive Officer of Western Asset Mortgage Capital Corp. Ms. Murphy joined Western Asset Management Company, the Company’s external manager (“Western Asset”), in 2015 as Chief Operating Officer, responsible for the oversight of the firm’s finance, legal and compliance, technology, operations, risk, human resources and corporate communications functions. Ms. Murphy has 30 years of experience in the investment management industry. Prior to joining Western Asset, she served as Chief Administrative Officer at Legg Mason, Inc. and from 1986 to 2013, she held a number of senior positions at its equity investment affiliate, Legg Mason Capital Management, including her most recent role as Chief Executive Officer and President. Ms. Murphy has an MBA in Finance from the Wharton School, University of Pennsylvania and a Bachelor of Arts degree in economics from Brown University. Ms. Murphy is a Chartered Financial Analyst. The Board believes Ms. Murphy is qualified to serve as a director because of her role as chief operating officer of our Manager and her depth of experience in the investment management industry.

Lisa Meyer

Ms. Lisa Meyer is the Chief Financial Officer, Treasurer of Western Asset Mortgage Capital Corp. Ms. Meyer is the Chief Financial Officer of the Company. She is currently a Managing Director of FTI (NYSE: FCN), in the Real Estate Solutions practice where she focuses on Securities and Exchange Commission and accounting principles generally accepted in the United States of America (“GAAP”) reporting and internal control reviews for Real Estate Investment Trusts (“REITs”), as well as real estate private equity funds and real estate companies. Ms. Meyer has over 21 years of experience in the real estate industry working with publicly traded mortgage REITs, public non-traded REITs, private real estate companies, real estate operators and private equity funds. Prior to joining FTI, from 2005 to 2011 Ms. Meyer served as the chief accounting officer for NorthStar Realty Finance Corp. (NYSE: NRF). She also previously served as the chief financial officer/chief accounting officer of two, public non-traded real estate investment trust companies, NorthStar Real Estate Income Trust and NorthStar Senior Care Trust. Ms. Meyer joined NorthStar Realty Finance Corp. from Ernst & Young LLP where, from 1994 through 2005, she worked in the Global Real Estate Group, most recently serving as an Assurance Senior Manager, focusing on complex and specialized accounting and audit issues for a diverse group of publicly traded and privately held real estate clients. Ms. Meyer received a B.A. in accounting and economics from the City University of New York - Queens College and she is a Certified Public Accountant in the State of New York.

Elliott Neumayer

Mr. Elliott Neumayer is the Chief Operating Officer of Western Asset Mortgage Capital Corporation. is a Product Specialist and head of mortgage-related business efforts at the Manager, having joined the Manager in 2004 from Marshall & Stevens, where he served as Senior Associate. Mr. Neumayer received an MBA and Bachelor of Arts degree from Loyola Marymount University.

Anup Agarwal

Mr. Anup Agarwal is no longer Chief Investment Officer of Western Asset Mortgage Capital Corp., effective January 4, 2019. Mr. Agarwal has been the head of structured product (which covers both Agency and non-Agency MBS and ABS) at our Manager since September 2013 after initially being appointed as the head of non-Agency MBS and ABS at our manager in August 2013. Prior to joining our manager, Mr. Agarwal was a portfolio manager for ADH Investment Management, Inc. from March 2013 to September 2013. Before joining ADH, Mr. Agarwal was a portfolio manager and head of consumer credit at Stark investments from 2007 to 2012 and head of credit and research at Invesco Fixed Income from 2002 to 2006. Mr. Agarwal is a graduate of the Indian Institute of Technology and holds a Masters in Business Administration from Temple University.

M. Christian Mitchell

Mr. M. Christian Mitchell is the Lead Independent Director of Western Asset Mortgage Capital Corporation. Mr. Mitchell retired from Deloitte & Touche LLP in 2003, where he was the national managing partner of the mortgage, banking and finance companies practice. During his 26-year career at Deloitte, he also served as regional managing partner for various practices including audit, enterprise risk services and financial services. He is a director of Marshall & Stevens, a Los Angeles based national valuation consulting firm, of Special Value Opportunities Fund LLC, a registered investment fund managed by Tennenbaum Capital Partners, LLC, of Reis, Inc., a New York-based real estate information company, of Grandpoint Capital, a Los Angeles based bank holding company, of Parsons Corporation, a Pasadena, CA based engineering, construction, technical and professional services firm and of Stearns Holding, LLC, a national independent mortgage company headquartered in Santa Ana, California. Mr. Mitchell previously served as an adjunct professor of accounting at the University of Redlands and is the chapter chairman of the National Association of Corporate Directors, Southern California, and is designated a NACD Board Leadership Fellow. Mr. Mitchell received a BS from the University of Alabama. In 2011 and 2014, Mr. Mitchell was named "one of the 100 most influential people in corporate governance" by Directorship magazine. The Board believes Mr. Mitchell is qualified to serve as a director because of his extensive experience in the real estate and mortgage industry, his professional and educational background in accounting and finance and his previous experience serving on corporate boards.

Edward Fox

Mr. Edward D. Fox Jr., is an Independent Director of Western Asset Mortgage Capital Corp. Mr. Fox has served as chairman and chief executive officer of Vantage Property Investors, LLC, a private real estate investment and development company since January 2003. Mr. Fox was chairman and chief executive officer of Center Trust, a real estate investment trust, from 1998 to January 2003 when Center Trust was acquired by Pan Pacific Retail Properties. Mr. Fox co-founded and served as the chairman of CommonWealth Partners, a fully integrated real estate operating company, from 1995 through October 2003. Prior to forming CommonWealth Partners, Mr. Fox was a senior partner with Maguire Thomas Partners, a national full-service real estate operating company. A certified public accountant, Mr. Fox started his career in public accounting specializing in real estate transactions. Mr. Fox serves on the Dean's advisory council for the USC School of Architecture, a director of the Orthopaedic Hospital Foundation and on the board of trustees of its foundation. He is a member of the Urban Land Institute and the American Institute of Certified Public Accountants. He received a bachelor's degree in accounting and a master's degree in business, both with honors, from the University of Southern California. The Board believes Mr. Fox is qualified to serve as a director due to the depth of his experience in the real estate industry, his previous management experience in both real estate operating companies and real estate investment trusts and his experience on public and private boards.

Ranjit Kripalani

Mr. Ranjit M. Kripalani is an Independent Director of Western Asset Mortgage Capital Corporation., since November 10, 2014. From 2009 to 2013, Mr. Kripalani served as the chief executive officer of CRT, LLC, an institutionally focused broker-dealer. Prior to joining CRT, Mr. Kripalani worked at Countrywide Capital Markets, Inc. and Countrywide Financial Corporation from 1998 to 2008, where he served in a number of roles, including the President of Capital Markets and Executive Managing Director of Countrywide Financial Corp. and Chief Executive Officer and President of Countrywide Capital Markets from 2000 to 2008. Mr. Kripalani also served as president and chief executive officer of Countrywide Securities Corporation from 2001 to 2008 and was the Executive Vice President and National Sales Manager for Countrywide Securities Corporation from 1998 to 2001. Prior to joining Countrywide, Mr. Kripalani served as managing director and head of mortgage trading for Chase Securities, Inc. from 1995 to 1998, and as managing director and head of mortgage trading for PaineWebber, Inc. from 1985 to 1995. Mr. Kripalani has a B.A. in International Relations from Tufts University and a Graduate Diploma in Business Studies from the London School of Economics. The Board believes Mr. Kripalani is qualified to serve as a director because he is a longtime executive in the financial industry with significant experience in the investment in and trading of mortgages and mortgage backed securities.

Richard Roll

Mr. Richard W. Roll is an Independent Director of Western Asset Mortgage Capital Corp. Mr. Roll has been serving as the Linde Institute Professor of Finance at the California Institute of Technology since March 1, 2014 and is also a professor emeritus at the University of California, Los Angeles. Mr. Roll held the Joel Freid Chair in Applied Finance at UCLA where he began teaching in 1976. Mr. Roll is also the principal of the consulting firm, Compensation Valuation, Inc., which he founded in 2003. He was the managing director of WP Capital Management, a fixed-income investment management firm from 1992 to 1995, and he was co-chairman of the Board for Roll and Ross Asset Management Corporation, a quantitative investment management firm, from 1985 through 2003. Mr. Roll also served as a vice-president at Goldman, Sachs & Co. from 1985 to 1987. Mr. Roll has a BAE from Auburn University, an MBA from the University of Washington and a PhD from the University of Chicago. The Board believes Mr. Roll is qualified to serve as a director based on his academic and professional career focusing on investment management and finance and his experience serving on corporate boards.

Larry Clark

Basic Compensation