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Anworth Mortgage names Joseph E. McAdams as president

Anworth MortgageAnworth Mortgage Asset Corporation announced that the independent members of its board of directors had appointed Joseph E. McAdams to the office of president.
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Mr. Joseph McAdams has been a director and Executive Vice President of Anworth Mortgage Asset Corporation since June 2002 and Chief Investment Officer of the company since January 2003. He joined the company as a Vice President in June 1998.

Mr. Joseph McAdams joined PIA in 1998 and holds the position of Senior Vice President with a specialty in mortgage-backed securities and is also responsible for PIA’s fixed income trading.

Prior to joining PIA, from 1993 to 1998, he was employed by Donaldson, Lufkin & Jenrette Securities Corp. in New York as a mortgage-backed security trader and research analyst.

Mr. Joseph McAdams holds a Master of Arts degree in Economics from the University of Chicago and a Bachelor of Science degree in Economics from the Wharton School of the University of Pennsylvania. He is also a Chartered Financial Analyst charterholder.

Mr. Lloyd McAdams, who formerly held the office of President, will continue to serve as the Chairman of the Board and Chief Executive Officer of the Company.

Mr. Lloyd McAdams has been Anworth Mortgage Asset Corporation's Chairman of the Board, President and Chief Executive Officer since its formation in 1997. He is also the President, Chief Investment Officer and co-founder of Pacific Income Advisers, PIA.

Mr. Lloyd McAdams is also the Chairman of Syndicated Capital.He holds a Bachelor of Science in Statistics from Stanford University and a Masters in Business Administration from the University of Tennessee. He is a Chartered Financial Analyst charterholder and a Certified Employee Benefit Specialist.



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