President and Chief Investment Officer, American Capital Agency Corp.
President, American Capital AGNC Management, LLC
Gary Kain has been our President since April 2011 and Chief Investment Officer since January 2009. He was previously a Senior Vice President from January 2009 to April 2011. Mr. Kain is also the President of American Capital AGNC Management, LLC, our Manager, and of its parent company, American Capital Mortgage Management, LLC. In addition, Mr. Kain has served as the President and Chief Investment Officer of American Capital Mortgage Investment Corp. (NASDAQ: MTGE) since March 2011 and as the President of its manager, American Capital MTGE Management, LLC, since April 2011.
Mr. Kain was previously a Senior Vice President and Managing Director of American Capital, Ltd. (NASDAQ: ACAS) from January 2009 to July 2009, after which time he became an employee of American Capital Mortgage Management, LLC (f/k/a American Capital Agency Management, LLC), the parent company of our Manager. While at American Capital, Ltd., Mr. Kain headed American Capital, Ltd.’s RMBS investment team. Prior to joining American Capital, Ltd., Mr. Kain served as Senior Vice President of Investments and Capital Markets of Federal Home Loan Mortgage Corporation (“Freddie Mac”) from May 2008 to January 2009. He also served as Senior Vice President of Mortgage Investments & Structuring of Freddie Mac from February 2005 to April 2008, during which time he was responsible for managing all of Freddie Mac’s mortgage investment activities for the company’s $700 billion retained portfolio. From 2001 to 2005, Mr. Kain served as Vice President of Mortgage Portfolio Strategy at Freddie Mac. From 1995 to 2001, he served as head trader in Freddie Mac’s Securities Sales & Trading Group, where he was responsible for managing all trading decisions including REMIC structuring and underwriting, hedging all mortgage positions, income generation, and risk management. Prior to that, he served as a senior trader, responsible for managing the adjustable-rate mortgage and REMIC sectors.