Angel Oak Mortgage reveals new CEO and president

Angel Oak Mortgage, a REIT focused on non-QM loans, has officially named Sreeni Prabhu (pictured) as its new president and CEO. He will replace Robert Williams, who will continue to serve in a senior advisory role for the company until the first quarter of 2023.

Prabhu co-founded the company’s investment management arm, Angel Oak Capital Advisors, in 2008. He currently serves as managing partner and chief investment officer of the group. Prabhu will retain these responsibilities in addition to assuming his new roles at Angel Oak Mortgage.

Commenting on the appointment, chairman of the board Michael Fierman said: “I have worked side-by-side with Sreeni for more than 14 years, and believe his investment and operational experience, leadership, and strategic vision will help drive the company’s success in the years to come. After the successful completion of the company’s initial public offering in 2021 and its first full year as a public company, the board believes that now is the right time to make this leadership transition. We want to acknowledge Robert’s hard work and contributions to our growth and successful launch of the company as a publicly-traded REIT, and we wish him well in the future.”