ARMOUR Residential Names Desmond E. Macauley New Director of Mortgage Strategy

ARMOUR Residential Management LLC, manager of ARMOUR Residential REIT Inc. and JAVELIN Mortgage Investment Corp., is expanding its strategic expertise in securitized residential mortgage finance and has announced the appointment of Desmond E. Macauley as its new director of mortgage strategy. Prior to joining ARRM's management, Macauley was managing director in the MBS Strategy group of RBS Greenwich Capital. In that capacity, he published numerous articles and assessed investment strategies, prepayments and credit performance in the residential MBS sector for clients of the firm. Macauley has been cited among the top analysts in Structured MBS Securities by the U.S. Institutional Investor survey. Prior to working at RBS, Macauley was a vice president in the MBS Research group at Merrill Lynch.