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Richard J. King President and Chief Executive Officer
Mr. King has served as our President and Chief Executive Officer since June 2008. He is also a member of the Invesco Fixed Income senior management team, and is the Head of Structured Securities and Stable Value at Invesco, contributing 29 years of fixed income investment expertise. Mr. King first joined Invesco in 2000 and has held positions as Senior Portfolio Manager and Product Manager for Core and Core Plus, Head of the Structured Team, and Head of Portfolio Management, leading a team responsible for portfolio management of all investment-grade domestic fixed income portfolios. Prior to Invesco, Mr. King spent two years as Head of Fixed Income at Security Management, and ten years with Criterion Investment Management, where he served as Chairman of the Core Sector Group. He also served as Managing Director and Portfolio Manager with Bear Stearns Asset Management. Starting in 1984, he spent four years with Ohio PERS as an Investment Analyst, with the responsibility of analyzing and trading corporate bonds and mortgage-backed securities. Mr. King began his career in 1981, as an auditor for Touche Ross & Co. Mr. King received a Bachelor of Science in Business Administration from The Ohio State University. Mr. King is a Chartered Financial Analyst.
John M. Anzalone Chief Investment Officer
Mr. Anzalone has served as our Chief Investment Officer since June 2009. He is also a Senior Portfolio Manager and Head of Structured Securities Portfolio Management for our Manager. Mr. Anzalone joined Invesco’s Fixed Income Division in 2002. As the Head of the Structured Securities group, he is responsible for the application of investment strategy across portfolios consistent with client investment objectives and guidelines. Additionally, the team is responsible for analyzing and implementing investment actions in the residential, commercial mortgage-backed and asset-backed securities sectors. Mr. Anzalone began his investment career in 1992 at Union Trust. In 1994 he moved to AgriBank, FCB, where he served as a Senior Trader for six years. Mr. Anzalone is also a former employee of Advantus Capital Management where he was a Senior Trader responsible for trading mortgage-backed, asset-backed and commercial mortgage securities. Mr. Anzalone received a Bachelor of Arts in Economics from Hobart College and a Master of Business Administration from the Simon School at the University of Rochester. Mr. Anzalone is a Chartered Financial Analyst.
Robson J. Kuster Chief Operating Officer, Head of Research
Mr. Kuster has served as our Chief Operating Officer since March 2011 and as Head of Research since July 2009. He has also served as head of structured securities research for Invesco Fixed Income at our Manager’s parent, Invesco Ltd., since April 2007. There, Mr. Kuster is responsible for overseeing all structured securities positions across stable value and total return platforms. Additionally, he is closely involved in all structured product development efforts. From September 2002 to April 2007, Mr. Kuster was a credit analyst — structured securities. Prior to joining Invesco Ltd. in 2002, Mr. Kuster served as a credit analyst with Bank One Capital Markets, which he joined in 2000. Mr. Kuster received a Bachelor of Arts in both Economics and American History from Cornell College and a Master of Business Administration from DePaul University. Mr. Kuster is a Chartered Financial Analyst.
Richard Lee Phegley Jr. Chief Financial Officer
Mr. Phegley became our Chief Financial Officer in May 2014. Mr. Phegley also serves as the Global Head of Real Estate Investment Accounting for Invesco Real Estate, our Manager’s affiliated real estate team, a position he has held since 2006. Before joining Invesco, Mr. Phegley was a Director and responsible for Private Equity Accounting at Archon Group LP from 2004 to 2006. Prior to 2004, Mr. Phegley served as a Senior Manager at KPMG LLP for two years and Arthur Andersen LLP for seven years, managing audit engagements for public and private clients, including investment management clients. Mr. Phegley received a Bachelor of Arts from Baylor University and a Master of Science in Accountancy from the University of Houston. Mr. Phegley is a Certified Public Accountant.
Jason Marshall Managing Director, Head of Portfolio Management
Mr. Marshall is our Managing Director and Head of Portfolio Management. Mr. Marshall is also a Portfolio Manager for our Manager’s structured team with a focus in the mortgage-backed sector. Mr. Marshall has over 12 years of fixed income investment experience and joined Invesco in 2007. Mr. Marshall is responsible for providing expertise for the mortgage-related focus products for our Manager and working collectively with the structured team of our Manager to implement strategies throughout the fixed income platform. Prior to joining Invesco, Mr. Marshall worked for PNC Financial Services Group, Inc., Mr. Marshall received his Bachelor of Science degree in Finance from the Indiana University of Pennsylvania and a Masters of Business Administration degree with a concentration in Finance from Duquesne University.
David Lyle Managing Director, Head of Residential Mortgage Credit
Mr. Lyle is our Head of Residential Mortgage Credit. He is also the Head of Residential Mortgage-Backed Securities (RMBS) Credit for our Manager’s fixed income division. His primary responsibilities include evaluating and overseeing investments in private label RMBS for institutional and retail fixed income funds. Mr. Lyle has over ten years of experience with residential mortgage securitizations. Prior to joining Invesco in 2006, he spent three years at Friedman Billings Ramsey where he was a Vice President in the Investment Banking ABS group. From 2001 to 2003, Mr. Lyle was an Analyst in the Mortgage Finance group at Wachovia Securities. Mr. Lyle graduated magna cum laude with a Bachelor of Engineering from Vanderbilt University.
Kevin Collins Managing Director, Head of Commercial Mortgage Credit
Mr. Collins is our Head of Commercial Mortgage Credit. He is also the Head of Commercial Mortgage-Backed Securities (CMBS) Credit for our Manager’s fixed income division. Mr. Collins has over 11 years of mortgage securitization experience and joined Invesco in 2007. His primary responsibilities include evaluating and overseeing CMBS, commercial real estate loans and other commercial real estate debt investments across all institutional and retail fixed income funds. Prior to joining Invesco, Mr. Collins raised capital for banks and specialty finance companies by originating, structuring and executing securitizations at Credit Suisse First Boston. Mr. Collins began his career in the Structured Finance Advisory Services practice at Ernst & Young. Mr. Collins graduated magna cum laude with a B.S. in Accounting from The Florida State University and earned a Master of Business Administration from the Kellogg School of Management at Northwestern University. He currently serves on The Florida State University Center for Real Estate Education and Research Executive Board.
Board of Directors
James S. Balloun Chairman
James S. Balloun has served as our chairman since October 2012, and as a director since July 2009. Mr. Balloun also serves as Chairman of the Nomination and Corporate Governance Committee. Mr. Balloun was previously the Chairman and Chief Executive Officer of Acuity Brands, Inc. from November 2001 until his retirement in September 2004 and was the Chairman, President and Chief Executive Officer of National Services Industries, Inc. prior to National Services Industries, Inc.’s spin-off of Acuity Brands in November 2001. Prior to joining National Services Industries, Inc., Mr. Balloun was with McKinsey & Company, Inc. from 1965 to 1996. Mr. Balloun is on the board of directors of Enzymatic Deinking Technologies, LLC, Qcept Technologies, Inc., Bright Light Systems Inc. and the Georgia Research Alliance Venture Fund. From 1997 to 2011, Mr. Balloun was a director of Radiant Systems, Inc. where he was the Chairman of the Nominating and Corporate Governance Committee from 1997 to 2011. From 2005 to 2010, and 2009 to 2012, respectively, he served on the boards of Unisen/StarTrac and the Georgia Port Authority. Mr. Balloun received a Bachelor of Science from Iowa State University and a Master of Business Administration from Harvard Business School.
G. Mark Armour Director
Mark Armour has served as a director since June 2008. Mr. Armour is the Senior Managing Director and head of EMEA (which includes the UK, continental Europe and the Middle East) for Invesco since February 2013. Previously, Mr. Armour served as head of Invesco Institutional, a position he held since January 2007. Mr. Armour also has served as Head of Sales & Client Service for Invesco’s Institutional business. He was Chief Executive Officer of Invesco Australia from September 2002 until July 2006. Prior to joining Invesco, Mr. Armour held significant leadership roles in the funds management business, both in Australia and Hong Kong. He previously served as Chief Investment Officer for ANZ Investments and spent almost 20 years with the National Mutual/AXA Australia Group, where he was Chief Executive, and Funds Management from 1998 to 2000. Mr. Armour graduated with a Bachelor of Economics from La Trobe University in Melbourne, Australia.
John S. Day Non-Executive Director
John S. Day has served as a director and as chairman of the Audit Committee since July 2009. Mr. Day serves as a non-executive director of our Company and as Chairman of the Audit Committee. Mr. Day was previously with Deloitte & Touche LLP from 2002 until his retirement in December 2005. Prior to joining Deloitte & Touche LLP, Mr. Day was with Arthur Andersen LLP from 1976 to 2002. Mr. Day serves on the boards of Edens Investments Limited Partnership, where he is Chairman of the Audit Committee, and Lenbrook Square Foundation, Inc., where he is Chairman of the Board and a member of the Finance and Governance and Nominating Committees. From September 2007 to December 2011, Mr. Day served on the board of directors of Force Protection, Inc., where he was the Chairman of the Audit Committee. Mr. Day received a Bachelor of Arts from the University of North Carolina and a Master of Business Administration from Harvard Business School.
Karen Dunn Kelley Director
Karen Dunn Kelley has served as a director since June 2008. Ms. Dunn Kelley is the Senior Managing Director, Investments, of Invesco and the Chief Executive Officer of Invesco Fixed Income, with responsibility for its fixed income and cash management business. Ms. Dunn Kelley is the Co-President, Co-Chief Executive Officer and a Director of our Manager. She is also a member of Invesco’s Executive Management and Worldwide Institutional Strategy Committees. She is President and Principal Executive Officer of Short-Term Investments Trust and Aim Treasurer’s Series Trust and serves on the board of directors for the Short-Term Investments Company (Global Services) plc and Aim Global Management Company, Ltd. Ms. Dunn Kelley joined Invesco Aim Management Group, Inc. in 1989 as a money market Portfolio Manager. Ms. Dunn Kelley has been in the investment business since 1982. Ms. Dunn Kelley graduated with a Bachelor of Science from Villanova University, College of Commerce and Finance.
Edward J. Hardin Non-Executive Director
Edward J. Hardin has served as a director since February 2014. Mr. Hardin has been a partner of the law firm of Rogers & Hardin LLP since its formation in 1976 and is a member of its executive committee. Mr. Hardin serves on the board of directors of CompX International, Inc., where he is a member of the audit committee. Mr. Hardin received a Bachelor of Arts from Wesleyan University and a Juris Doctor from Vanderbilt University.
James R. Lientz Jr. Non-Executive Director
Jim Lientz has served as a director since May 2012 and as chairman of the Compensation Committee since October 2012. Mr. Lientz has more than 35 years of experience in the banking industry and nearly eight in government service. Mr. Lientz served as President of C&S Bank of South Carolina (1990-1992), President of Nationsbank of Georgia (1993-1996) and President, Mid-South Division, of Bank of America (1996-2001). His public sector work was as Chief Operating Officer of the State of Georgia from 2003-2010. Mr. Lientz is currently a partner with Safe Harbor Consulting, LLC. Mr. Lientz also serves as a Director of the Georgia Ports Authority, MidCountry Financial Corp (since 2010), J + J Invision (since 2006) and Georgia Banking Company (since 2010). Mr. Lientz is a former Director of Georgia Power Company, BlueCross BlueShield of Georgia and NDC Health. Mr. Lientz received a Bachelor of Science degree from Georgia Institute of Technology in 1965 and a Master of Business Administration from Georgia State University in 1971.