Dynex Capital (DX) Promotes Byron Boston to President, Director
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Price: $13.15 --0%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 15.9%
Revenue Growth %: +333.9%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 15.9%
Revenue Growth %: +333.9%
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Dynex Capital, Inc. (NYSE: DX) reports the promotion of Byron L. Boston to President and his appointment to the Board of Directors effective March 1, 2012. Mr. Boston will retain his Chief Investment Officer duties. Mr. Boston brings over 28 years of experience in the financial services industry, including four years at Dynex as Executive Vice President, Chief Investment Officer.
Boston has extensive experience in investing in and managing fixed income securities. Between 1981 and 1997 Mr. Boston worked as a banker and mortgage-backed securities trader with Chemical Bank, Credit Suisse First Boston and Lehman Brothers. From 1997 to 2003, Mr. Boston headed the Mortgaged Portfolio Management Group at Freddie Mac where he helped build their initial investment portfolio. Mr. Boston served as Executive Vice President at Sunset Financial Resources, a publicly traded mortgage REIT, from 2004 to 2006. Subsequent to Sunset Financial Mr. Boston was an independent consultant to the senior management of Redwood Trust. Mr. Boston joined Dynex Capital, Inc. in 2008 and currently resides in Virginia. Mr. Boston holds an A.B. in Economics and Government from Dartmouth College and an M.B.A. in Finance and Accounting from the Graduate School of Business, University of Chicago.
Boston has extensive experience in investing in and managing fixed income securities. Between 1981 and 1997 Mr. Boston worked as a banker and mortgage-backed securities trader with Chemical Bank, Credit Suisse First Boston and Lehman Brothers. From 1997 to 2003, Mr. Boston headed the Mortgaged Portfolio Management Group at Freddie Mac where he helped build their initial investment portfolio. Mr. Boston served as Executive Vice President at Sunset Financial Resources, a publicly traded mortgage REIT, from 2004 to 2006. Subsequent to Sunset Financial Mr. Boston was an independent consultant to the senior management of Redwood Trust. Mr. Boston joined Dynex Capital, Inc. in 2008 and currently resides in Virginia. Mr. Boston holds an A.B. in Economics and Government from Dartmouth College and an M.B.A. in Finance and Accounting from the Graduate School of Business, University of Chicago.
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