Annaly Capital Management (NLY) appointed Glenn Votek as chief financial officer.

Votek is taking over Kathryn Fagan's current position after she decided to retire.

Votek brings more than 20 yeas of financial experience with expertise in risk management, capital raising, liability management and regulatory oversight. 

Previously, Votek was the executive vice president and treasurer at CIT, where he was responsible for all functional areas of the company's treasury group, including capital markets, securitization, asset/liability management and rating agency relations.