Board Committees

Joy Palmer has served as a member of the Board since October 2020. She currently serves as an adjunct professor in the Finance Department of Drew University, a role she began in August 2022. She also served as the Deputy Chief Accountant, Office of the Chief Accountant, from 2018 to 2020, in the Office of the Comptroller of the Currency, whose work regulates and supervises both national and foreign banks operating in the U.S. During that time, Joy contributed to the drafting of advisories, bulletins, risk tips, and other publications to provide examiners with readily accessible resources on evolving issues. Prior to that, Joy researched companies in the financial services sector as Director of Equity Research with Merrill Lynch from 1996 to 2002.

Joy is a Subject Matter Expert in Generally Accepted Accounting Principles (“GAAP”), regulatory policies and trends at national banks with a specific focus on large banks and the mortgage finance industry. Joy’s extensive career and global focus deliver value and expertise gained through roles across accounting, finance, treasury, and investor relations. She has specialized knowledge in mortgage investing, origination and servicing and related hedging practices.

Joy earned a Bachelor’s in accounting from Montclair State University and a MBA from NYU Stern School of Business with emphasis in finance.

We believe Joy’s qualifications to serve on our Board include her experience as a policy accountant for the Comptroller of the Currency. In connection with this role, she has subject matter expertise on GAAP and regulatory trends at national banks with a specific focus on large banks, as well as expertise in mortgage investing, origination and servicing and related hedging practices, which are skills and experiences that are valuable to our Board. Additionally, her 34-year career in a variety of accounting, finance, treasury, and investor relations roles, makes Joy knowledgeable regarding operational and organizational best practices, which is a valuable resource for our Board.

Marie Chandoha joined the board in May 2024.

Ms. Chandoha brings close to 40 years of financial services leadership experience and has a track record of transforming and scaling businesses to maximize shareholder value. Ms. Chandoha currently serves as an advisor to Zoe Financial, a fintech company. Previously, Chandoha spent nearly a decade as the President and CEO of Charles Schwab Investment Management, where she played an essential role in evolving the business into an innovative and winning competitor. During her tenure, she doubled the business's assets under management to $400 billion, which made it one of the top asset gatherers in the industry.

Formerly, as Managing Director and Global Head of Fixed Income Business at BlackRock, Ms. Chandoha drove innovation in the ETF market and led a global $440 billion investment management business. In addition, Ms. Chandoha was the Co-Head and Senior Portfolio Manager of Montgomery Fixed Income at Wells Fargo Asset Management for over eight years, where she grew and scaled the business from $1 billion to $16 billion in assets under management. At Wells Fargo, she focused on managing bond portfolios, primarily for institutional investors.

She received a B.A. degree in economics from Harvard University.

Alec I. Crawford joined the board in March 2024.

Business Leadership, Financial Services, and Technology Experience: Alec brings extensive financial knowledge and expertise across the broad financial ecosystem, including global multi-asset risk management, public and private equity and credit, and tail-risk hedging. He is also recognized as a thought leader in the risk management of artificial intelligence. As the Founder, Chairman and CEO of Artificial Intelligence Risk, Inc., Alec created a governance, risk, compliance, and cybersecurity SAAS platform for corporate artificial intelligence and developed incisive data-driven analytics and quantitative tools to analyze and mitigate risks through innovative strategies.

Alec also brings to our Board extensive experience and expertise in risk management and compliance. He served in a number of senior risk management roles, including most recently as Chief Risk Officer and the global head of investment risk management at Lord, Abbett & Co. LLC from 2012 to 2022. Previously, he was the Global Head of Risk of Zill Brothers Investments and was a senior executive at banks including Goldman Sachs, Morgan Stanley, Deutsche Bank and RBS for over 10 years. He also has expertise in sustainability, ESG investing, and regulatory matters.

Alec earned a B.S. in Computer Science from Harvard University

Andrew I. Gray joined the board in March 2024.

Andrew has over 20 years of leadership experience in the financial services industry, including across profit and loss management, finance, and risk. He also has a strong track record of guiding company leadership teams on business lifecycle strategy and regulatory compliance. Andrew founded Gray Advisory and Coaching LLC, which advises and guides organizations and seasoned executives, where he currently serves as a mentor and coach for the organization. Additionally, he spent over 10 years at Merrill Lynch & Co serving in various leadership roles, guiding the firm’s business internal operational strategy and execution, including as Chief Operating Officer for its Latin American and Canadian businesses, Head of Strategy and Business Development, Head of Corporate Planning, and Head of Finance Technology & Support Service.

Andrew served as the Managing Director, Chief Risk Officer and Management Committee member for The Depository Trust and Clearing Corporation (the “DTCC”) where he transformed the global risk function to create a holistic strategy and consistent processes for managing all aspects of firm risk including credit, market, liquidity, operational, technology, and systemic risk. With his extensive background in the financial services and risk management industries, he will play a crucial role in helping guide Dynex’s operational and growth strategy.

Andrew currently serves on the Member of Board of Trustees for the Global Association of Risk Professionals and previously served as a board member for organizations like the International Securities Services Association, NYU Stern Volatility and Risk Institute, and EuroCCP Ltd. (a DTCC Subsidiary).

He received a B.S. in mechanical engineering from the Massachusetts Institute of Technology and also has a Master of Government Administration from the University of Pennsylvania Fels Institute of Government.

Julia L. Coronado joined the Board in October 2020 and currently serves as the Lead Independent Director.

Since 2017, Julia has served as the President and Founder of MacroPolicy Perspectives, LLC (MPP) a research advisory firm with deep expertise in macroeconomics, regulatory policy, and financial and global markets that helps inform client decisions in financial services and other industries.

Julia’s unbiased analysis and insights are particularly critical in today’s uncertain, changing world. She is a regular commentator in financial media, (including CNBC, Bloomberg, Marketplace, and the Wall Street Journal). MMP delivers perspectives on the economy through its forecasting of global economic activity, inflation, and fiscal and monetary policy (with a focus on the G8 countries and China). Julia has represented the U.S. at the Organization for Economic Cooperation & Development and testified before Congress on Social Security reform and digital currency developments. Julia is an independent director on the board of directors of Robert Half, an international staffing and consulting firm, where she serves on the nominating & governance committee. Her commitment to performance and collaboration is evident through roles including Clinical Associate Professor of Finance at the University of Texas at Austin, Vice President of the National Association of Business Economists, member of the Economic Studies Council at the Brookings Institution and member of the Advisory Boards of the Bureau of Economic Analysis, the Pension Research Council at the Wharton School, and the Cleveland Federal Reserve Center for Inflation Research. Former roles in service include serving as a member of the New York Federal Reserve Treasury Market Practices Group, the Economic Advisory Panel of the Federal Reserve Bank of New York, the Board of the National Association of Business Economists and President of the New York Association of Business Economists. Julia served as a staff economist for the Federal Reserve Board of Governors in Washington, D.C. and contributed to the Federal Open Market Committee forecasts.

She received a B.A. in Economics from the University of Illinois and her Ph.D. in Economics from the University of Texas at Austin.

Julia brings to our Board extensive experience and expertise in international and domestic market economics, fiscal and monetary policy, and global economic forecasting. We believe her experience in these areas, as well as her service on other public company and advisory boards, enables her to offer significant insights into the Company’s business strategy and make her a valuable member of our Board.

Alec I. Crawford joined the board in March 2024.

Business Leadership, Financial Services, and Technology Experience: Alec brings extensive financial knowledge and expertise across the broad financial ecosystem, including global multi-asset risk management, public and private equity and credit, and tail-risk hedging. He is also recognized as a thought leader in the risk management of artificial intelligence. As the Founder, Chairman and CEO of Artificial Intelligence Risk, Inc., Alec created a governance, risk, compliance, and cybersecurity SAAS platform for corporate artificial intelligence and developed incisive data-driven analytics and quantitative tools to analyze and mitigate risks through innovative strategies.

Alec also brings to our Board extensive experience and expertise in risk management and compliance. He served in a number of senior risk management roles, including most recently as Chief Risk Officer and the global head of investment risk management at Lord, Abbett & Co. LLC from 2012 to 2022. Previously, he was the Global Head of Risk of Zill Brothers Investments and was a senior executive at banks including Goldman Sachs, Morgan Stanley, Deutsche Bank and RBS for over 10 years. He also has expertise in sustainability, ESG investing, and regulatory matters.

Alec earned a B.S. in Computer Science from Harvard University

Andrew I. Gray joined the board in March 2024.

Andrew has over 20 years of leadership experience in the financial services industry, including across profit and loss management, finance, and risk. He also has a strong track record of guiding company leadership teams on business lifecycle strategy and regulatory compliance. Andrew founded Gray Advisory and Coaching LLC, which advises and guides organizations and seasoned executives, where he currently serves as a mentor and coach for the organization. Additionally, he spent over 10 years at Merrill Lynch & Co serving in various leadership roles, guiding the firm’s business internal operational strategy and execution, including as Chief Operating Officer for its Latin American and Canadian businesses, Head of Strategy and Business Development, Head of Corporate Planning, and Head of Finance Technology & Support Service.

Andrew served as the Managing Director, Chief Risk Officer and Management Committee member for The Depository Trust and Clearing Corporation (the “DTCC”) where he transformed the global risk function to create a holistic strategy and consistent processes for managing all aspects of firm risk including credit, market, liquidity, operational, technology, and systemic risk. With his extensive background in the financial services and risk management industries, he will play a crucial role in helping guide Dynex’s operational and growth strategy.

Andrew currently serves on the Member of Board of Trustees for the Global Association of Risk Professionals and previously served as a board member for organizations like the International Securities Services Association, NYU Stern Volatility and Risk Institute, and EuroCCP Ltd. (a DTCC Subsidiary).

He received a B.S. in mechanical engineering from the Massachusetts Institute of Technology and also has a Master of Government Administration from the University of Pennsylvania Fels Institute of Government.

Marie Chandoha joined the board in May 2024.

Ms. Chandoha brings close to 40 years of financial services leadership experience and has a track record of transforming and scaling businesses to maximize shareholder value. Ms. Chandoha currently serves as an advisor to Zoe Financial, a fintech company. Previously, Chandoha spent nearly a decade as the President and CEO of Charles Schwab Investment Management, where she played an essential role in evolving the business into an innovative and winning competitor. During her tenure, she doubled the business's assets under management to $400 billion, which made it one of the top asset gatherers in the industry.

Formerly, as Managing Director and Global Head of Fixed Income Business at BlackRock, Ms. Chandoha drove innovation in the ETF market and led a global $440 billion investment management business. In addition, Ms. Chandoha was the Co-Head and Senior Portfolio Manager of Montgomery Fixed Income at Wells Fargo Asset Management for over eight years, where she grew and scaled the business from $1 billion to $16 billion in assets under management. At Wells Fargo, she focused on managing bond portfolios, primarily for institutional investors.

She received a B.A. degree in economics from Harvard University.

Julia L. Coronado joined the Board in October 2020 and currently serves as the Lead Independent Director.

Since 2017, Julia has served as the President and Founder of MacroPolicy Perspectives, LLC (MPP) a research advisory firm with deep expertise in macroeconomics, regulatory policy, and financial and global markets that helps inform client decisions in financial services and other industries.

Julia’s unbiased analysis and insights are particularly critical in today’s uncertain, changing world. She is a regular commentator in financial media, (including CNBC, Bloomberg, Marketplace, and the Wall Street Journal). MMP delivers perspectives on the economy through its forecasting of global economic activity, inflation, and fiscal and monetary policy (with a focus on the G8 countries and China). Julia has represented the U.S. at the Organization for Economic Cooperation & Development and testified before Congress on Social Security reform and digital currency developments. Julia is an independent director on the board of directors of Robert Half, an international staffing and consulting firm, where she serves on the nominating & governance committee. Her commitment to performance and collaboration is evident through roles including Clinical Associate Professor of Finance at the University of Texas at Austin, Vice President of the National Association of Business Economists, member of the Economic Studies Council at the Brookings Institution and member of the Advisory Boards of the Bureau of Economic Analysis, the Pension Research Council at the Wharton School, and the Cleveland Federal Reserve Center for Inflation Research. Former roles in service include serving as a member of the New York Federal Reserve Treasury Market Practices Group, the Economic Advisory Panel of the Federal Reserve Bank of New York, the Board of the National Association of Business Economists and President of the New York Association of Business Economists. Julia served as a staff economist for the Federal Reserve Board of Governors in Washington, D.C. and contributed to the Federal Open Market Committee forecasts.

She received a B.A. in Economics from the University of Illinois and her Ph.D. in Economics from the University of Texas at Austin.

Julia brings to our Board extensive experience and expertise in international and domestic market economics, fiscal and monetary policy, and global economic forecasting. We believe her experience in these areas, as well as her service on other public company and advisory boards, enables her to offer significant insights into the Company’s business strategy and make her a valuable member of our Board.

Joy Palmer has served as a member of the Board since October 2020. She currently serves as an adjunct professor in the Finance Department of Drew University, a role she began in August 2022. She also served as the Deputy Chief Accountant, Office of the Chief Accountant, from 2018 to 2020, in the Office of the Comptroller of the Currency, whose work regulates and supervises both national and foreign banks operating in the U.S. During that time, Joy contributed to the drafting of advisories, bulletins, risk tips, and other publications to provide examiners with readily accessible resources on evolving issues. Prior to that, Joy researched companies in the financial services sector as Director of Equity Research with Merrill Lynch from 1996 to 2002.

Joy is a Subject Matter Expert in Generally Accepted Accounting Principles (“GAAP”), regulatory policies and trends at national banks with a specific focus on large banks and the mortgage finance industry. Joy’s extensive career and global focus deliver value and expertise gained through roles across accounting, finance, treasury, and investor relations. She has specialized knowledge in mortgage investing, origination and servicing and related hedging practices.

Joy earned a Bachelor’s in accounting from Montclair State University and a MBA from NYU Stern School of Business with emphasis in finance.

We believe Joy’s qualifications to serve on our Board include her experience as a policy accountant for the Comptroller of the Currency. In connection with this role, she has subject matter expertise on GAAP and regulatory trends at national banks with a specific focus on large banks, as well as expertise in mortgage investing, origination and servicing and related hedging practices, which are skills and experiences that are valuable to our Board. Additionally, her 34-year career in a variety of accounting, finance, treasury, and investor relations roles, makes Joy knowledgeable regarding operational and organizational best practices, which is a valuable resource for our Board.

Andrew I. Gray joined the board in March 2024.

Andrew has over 20 years of leadership experience in the financial services industry, including across profit and loss management, finance, and risk. He also has a strong track record of guiding company leadership teams on business lifecycle strategy and regulatory compliance. Andrew founded Gray Advisory and Coaching LLC, which advises and guides organizations and seasoned executives, where he currently serves as a mentor and coach for the organization. Additionally, he spent over 10 years at Merrill Lynch & Co serving in various leadership roles, guiding the firm’s business internal operational strategy and execution, including as Chief Operating Officer for its Latin American and Canadian businesses, Head of Strategy and Business Development, Head of Corporate Planning, and Head of Finance Technology & Support Service.

Andrew served as the Managing Director, Chief Risk Officer and Management Committee member for The Depository Trust and Clearing Corporation (the “DTCC”) where he transformed the global risk function to create a holistic strategy and consistent processes for managing all aspects of firm risk including credit, market, liquidity, operational, technology, and systemic risk. With his extensive background in the financial services and risk management industries, he will play a crucial role in helping guide Dynex’s operational and growth strategy.

Andrew currently serves on the Member of Board of Trustees for the Global Association of Risk Professionals and previously served as a board member for organizations like the International Securities Services Association, NYU Stern Volatility and Risk Institute, and EuroCCP Ltd. (a DTCC Subsidiary).

He received a B.S. in mechanical engineering from the Massachusetts Institute of Technology and also has a Master of Government Administration from the University of Pennsylvania Fels Institute of Government.