Chimera Investment Corporation appoints CIO
Chimera Investment Corporation has appointed Mohit Marria as chief investment officer.
Marria was previously the head residential mortgage credit trader at Fixed Income Discount Advisory Company (FIDAC), the external manager of Chimera.
Matthew Lambiase, Chimera’s chief executive officer, says: “Mohit’s in-depth expertise in credit sensitive investments in the residential mortgage markets will strengthen our residential credit platform for the benefit of our shareholders. We are very fortunate to have an individual as talented as Mohit with such strong experience serve in this important role for Chimera.”
Marria joined FIDAC in August 2005. While at FIDAC, Marria has had responsibility for the development and implementation of Chimera’s trading strategies in residential mortgage-backed securities, residential mortgage loans and its derivatives portfolio. He has been a member of the investment team since Chimera’s inception.
Marria joined FIDAC from American International Group (AIG). Prior to working at AIG, Marria worked at Metropolitan Life Insurance Company.
Christian J Woschenko, Chimera’s head of investments, has resigned to pursue other opportunities.
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