Chimera Investment Corporation announced that it has promoted Mohit Marria to be the Chief Investment Officer of Chimera. Mr. Marria was previously the head residential mortgage credit trader at Fixed Income Discount Advisory Company, the external manager of Chimera. Mr. Marria joined Fixed Income Discount Advisory Company in August 2005.

While at FIDAC, Mr. Marria has had responsibility for the development and implementation of Chimera's trading strategies in residential mortgage-backed securities, residential mortgage loans and its derivatives portfolio. Christian J. Woschenko, the company's Head of Investments, has resigned to pursue other opportunities.