MICHAEL FARRELL

FARRELL--Michael A.J. Chairman and CEO of Annaly Capital Management. A much beloved husband, father, brother and colleague, died peacefully Sunday morning, October, 21, 2012 surrounded by his family at the Lenox Hill Hospital in New York, NY. He was 61. Born and raised in Brooklyn, NY, Mr. Farrell was a longtime resident of Summit,. NJ. He attended the University of New Mexico at Albuquerque and served in the United States National Guard during the Vietnam War. A self made man, Mr. Farrell began his 40 year career in finance with E.F. Hutton. He worked in various positions on Wall Street during his tenure before becoming Chairman, Chief Executive Officer and President of Annaly Capital Management in New York, NY 15 years ago. In addition to Annaly, he served on the Boards of Directors of the National Organization of Real Estate Investment Trusts, the U.S. Dollar Floating Rate Fund, and Wake Forest University. Mr. Farrell was intricately involved in various philanthropic activities, most notably with Oratory Prep in Summit, Wake Forest University, and the Maeve Foundation for Education in Summit, of which he was a director. Survivors include his wife of 29 years, Mary R. (nee Flynn); his four children, Kelly Ziek, Caitlin Farrell, Michael Farrell, and Taylor Farrell; his siblings, Thomas Farrell, Barbara Farrell, Noeleen Farrell, Patricia Washington, Stephen Farrell and Christopher Farrell; his two grandchildren, Paul and Marguerite Ziek; and many nieces and nephews. Relatives and friends are invited to call Tuesday, October 23, 1-3pm and 8-10pm, and Wednesday, October 24, 2-4 and 7-9pm at the William R. Dangler Funeral Home, 309 Springfield Ave, Summit, NJ 07901. The Funeral Mass will be celebrated Thursday, October 25, 10:45am at St. Teresa of Avila R.C. Church, Summit. Private cremation will follow. In lieu of flowers, please make memorial gifts to your local Ronald McDonald House in Michael's Memory.