ARMOUR Residential REIT Inc., based in Vero Beach, Fla., has announced that James R. Mountain will become its new chief financial officer, effective Sept. 1. He replaces Jeffrey J. Zimmer, who will serve with Scott J. Ulm as ARMOUR's co-CEOs and co-vice chairmen.
Mountain joins ARMOUR from Deloitte & Touche LLP, where he worked for over 30 years. He is currently an industry professional practice director for Deloitte, where he helps oversee the overall professional and quality-control aspects of the firm's practice, serving a wide variety of global financial institutions. He previously served as a partner in Deloitte's national office, where he supervised the review and consultation process relating to securities offerings by banks, thrifts, securities dealers, insurance companies and investment companies.