Two Harbors Investment Corp. (TWO) said that, effective January 1, 2015, Robert Rush would assume the role of the company's Chief Risk Officer.
Paul Richardson, who has served as the company's Chief Risk Officer over the past several years, will remain in his role as Partner and Chief Risk Officer for Pine River Capital Management L.P., the parent of the company's external manager.
Rush has served as Two Harbors' Managing Director, Risk Management, since September 2013. Prior to joining the company, he held a variety of positions at UBS AG in New York.
During 2013, he was a Managing Director and Director of Risk Strategy for the Non-Core and Legacy Group, the unit established to oversee UBS' exit from capital-inefficient businesses.
From 2009 to 2012, he served as Head of Risk Analytics for the StabFund Investment Management Group. From 2007 to 2008, Rush served as the Head CDO and Esoteric Asset Trader for the UBS Workout Group. From 2006 to 2007, he co-managed the ABS/CMBS Derivatives Structuring Team within the Global CDO Group.
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