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New York Mortgage Trust appoints two to board

New York Mortgage TrustNew York Mortgage Trust, a REIT, announced that it has appointed Kevin M. Donlon and Michael Clement as directors of the company.

The company said that Mr. Donlon was named President of the Company on May 16, 2016 in connection with the Company’s acquisition of RiverBanc, an investment management firm and registered investment adviser that was founded by Mr. Donlon in 2010.

Prior to founding RiverBanc, Mr. Donlon was a Managing Director with BlackRock from January 2010 until August 2010 following its acquisition of Helix Financial Group LLC in January 2010.

He founded Helix Financial Group in May 2004 and served as its Managing Partner from May 2004 to January 2010. From 1997 to 2004, he was a Principal in the CMBS Capital Markets Group of Banc of America Securities.

Mr. Clement has also been appointed to serve as a member of the Board’s Audit, Compensation and Nominating and Corporate Governance Committees.

Mr. Clement has been a professor in the Department of Accounting at the University of Texas at Austin since 2011 and has held associate professor and assistant professor positions in the Department of Accounting of the University of Texas at Austin since 1997.

Mr. Clement was a Vice President of Global Investment Research for Goldman Sachs & Co. from 2002 until 2004. He was a Vice President of Capital Planning and Analysis from 1988-1991 and a Manager of the Audit Division from 1982-1986 at Citicorp.

Mr. Clement earned a Ph.D. in Accounting from Stanford University in 1997.


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