New York Mortgage Trust Inc. (NYMT) has named Nicholas Mah as president, effective Jan. 1, the company announced Monday.
The appointment was approved by the company’s board of directors. Mah will report to NYMT CEO Jason T. Serrano, NYMT said.
New York Mortgage Trust Inc. is a Maryland corporation that has elected to be taxed as a real estate investment trust (“REIT”) for federal income tax purposes. NYMT is an internally managed REIT in the business of acquiring, investing in, financing, and managing primarily mortgage-related single-family and multi-family residential assets.
Mah will take over the title of president from Serrano, who currently serves as both CEO and president. Serrano was appointed president on Jan. 7, 2019, and added the CEO title on Jan. 1, 2022.
Mah currently serves as a managing director of the company, responsible for its portfolio management and trading of mortgage securities and whole loans, the company said. He has been with NYMT since July 2018.
Before that, he was a portfolio manager and managing director at Oak Hill Advisors L.P., where he was one of the founding members of OHA’s mortgage business. During his tenure at OHA, his responsibilities included portfolio management, trading, and financing of residential mortgage securities and whole loans.
Before joining OHA in 2008, Mah worked at The Blackstone Group and Fortress Investment Group, where he was involved in asset management, investment analysis, and trading across a variety of distressed securitized product sectors.
“I am pleased to announce Nick’s promotion to president,” Serrano said. “Nick has played a key role over the years in his role as managing director and is a trusted figure within the company. I am confident that Nick will provide invaluable leadership and will continue to strengthen our position as a leader in the hybrid mortgage REIT sector.”
Mah said he is honored by the appointment. “I am excited to continue to work alongside our talented team and business partners to guide the company towards continued success over the long term,” he said.