Two Harbors Announces New CFO

Residential mortgage-backed securities investor Two Harbors Investment Corp. has appointed Brad Farrell chief financial officer (CFO) and treasurer, effective the beginning of next year.

After that, the company's current CFO, Jeffery Stolt, will continue to serve as partner and CFO of Pine River Capital Management LP, the parent company of Two Harbors' external manager, PRCM Advisers LLC.

Farrell brings to the position more than 14 years' experience in corporate financial management, reporting and business analysis for public financial service companies. He is currently responsible for Two Harbors' accounting, Sarbanes-Oxley and real estate investment trust compliance activities, as well as the preparation of financial disclosures for the company's Securities Exchange Commission filings.

Prior to joining Two Harbors, Farrell was vice president and executive director of external reporting at GMAC ResCap.

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