EARN is led by a board of trustees and a seasoned team of officers, with extensive experience in the mortgage securities business including both buy side and sell side experience.

Board of Trustees

Thomas F. Robards †
Robert B. Allardice, III †
Menes O. Chee †
David Miller †
Laurence Penn
Ronald I. Simon †
Michael W. Vranos


Laurence Penn
Chief Executive Officer & President
Christopher Smernoff
Chief Financial Officer
Michael W. Vranos
Co-Chief Investment Officer
Mark Tecotzky
Co-Chief Investment Officer
Daniel Margolis
General Counsel
Jason Frank
Secretary and Corporate Counsel
JR Herlihy
Chief Operating Officer
† Independent Trustee.

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