Veteran investment banker and board member served as chair of audit committee for over five years
Specialized lender MFA Financial has announced the passing of Francis Oelerich III (pictured), longtime independent board member with a distinguished career in investment banking.
Oelerich’s tenure on MFA Financial’s board spanned over five years, during which he served as chair of the audit committee and member of the compensation committee. His leadership and insights were pivotal to the company’s decision-making, earning him the respect of his colleagues, it was stated.
Before joining MFA, Oelerich built a celebrated career in investment banking. He was a managing director at XMS Capital Partners and held senior roles in the mergers and acquisitions department at Deutsche Bank Securities. Notably, he spent nearly 25 years at Morgan Stanley, eventually rising to the rank of managing director.
“We are deeply saddened by the unexpected passing of our board colleague, Frank Oelerich,” MFA’s board chair Laurie Goodman said in a Press release. “Frank was a dear friend for over 40 years and a trusted colleague. He provided invaluable counsel to me, my fellow board members and our management team during his five-plus years of service on the MFA board. He cherished his family, and our deepest sympathies are with his wife, Mary, and their family. He will be sorely missed.”
MFA Financial is a specialty finance company focused on residential mortgage loans, mortgage-backed securities, and real estate assets. Its subsidiary, Lima One Capital, provides business-purpose loans to real estate investors. With a strong history of financial performance, MFA has maintained 27 consecutive years of dividend payments and has distributed over $4.8 billion to its stockholders since going public in 1998.
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“Frank’s service to MFA was invaluable. My colleagues and I appreciated his sound advice and insights, which were always grounded in the best interests of the company and our stockholders. We extend our heartfelt condolences to his wife and his family,” Goodman added.
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