Robert P. MoranChief Executive Officer
Robert Moran has been in the financial services industry for over 30 years. Prior to joining BUCKLER, Mr. Moran was the head of Sales and Trading for CRT Capital’s Financing and Short Duration Trading Group from 2009-2015.
Previously, Mr. Moran served in similar positions at RBS America and RBS Greenwich Capital. During Mr. Moran’s tenure at RBS from 1999-2009 he managed various business including trading for Short Term Products and REPO Sales and Trading. Mr. Moran served on RBS’ Risk Committee, CRT’s Management Committee and Liquidity Committee for RBS and CRT. He was a long-standing member of the Bond Market Association and an Executive Member of the Funding Division. Mr. Moran is a graduate of The College of Holy Cross holding a BA.
Mark R. GruberChief Operating Officer
Mark Gruber has been the Chief Operating Officer of ARMOUR Capital Management and ARMOUR Residential REIT Inc. (collectively “ARMOUR”) since September 3, 2013 and the Head of Portfolio Management since June 2010.
From April 2008 until joining ACM in June 2010, Mr. Gruber managed a $1.1 billion mortgage portfolio for Penn Mutual Life Insurance. From June 2005 to March 2008, Mr. Gruber was Vice President of Research and Trading at Bimini Capital Management, Inc., a publicly-traded REIT that managed $4 billion in agency mortgage assets. Mr. Gruber previously worked for Lockheed Martin at the Knolls Atomic Power Laboratory where he was an engineer for the Naval Nuclear Propulsion Program. Mr. Gruber holds an M.B.A. with University Honors from the Tepper School of Business at Carnegie Mellon, an M.S. degree in Mechanical and Aerospace Engineering from the University of Virginia, and a B.S. degree in Mechanical Engineering with High Honors from Lehigh University.
James R. MountainChief Financial Officer
James R. Mountain has been the Chief Financial Officer and Treasurer of ARMOUR Capital Management and ARMOUR Residential REIT Inc. (collectively “ARMOUR”) since September 2012 and the Secretary of ARMOUR since March 2014.

Mr. Mountain joined ARMOUR after having spent over 30 years at Deloitte. Mr. Mountain has significant experience in securitization transactions, having been involved in that market since its inception in the mid-1980s, and having helped to build Deloitte’s securitization practice. Mr. Mountain is the Chair of the Financial Management Committee of the Mortgage Bankers Association and an ex officio member of the Association’s Residential Board of Governors. Mr. Mountain earned his Bachelor of Arts degrees in accounting and in economics from the University of Montana, as well as a M.B.A. degree from the University of California, Berkeley. He is a Certified Public Accountant and a member of the American Accounting Association and the American Institute of Certified Public Accountants. Mr. Mountain is a Trustee of the University of Montana Foundation and previously chaired the Foundation’s investment committee and its audit and finance committee.

Robert E. MasiChief Compliance Officer
Robert Masi is a compliance professional with 15 years experience and has been the Chief Compliance Officer of ARMOUR Capital Management since January 2017.
Since 2012 Mr. Masi has been the Managing Partner of Accordo and its predecessor company, experts in financial services compliance consultancy, where he and a staff of twelve consultants develop, implement, and test compliance programs. At Accordo, Mr. Masi has also been interim Chief Compliance Officer for several firms. Prior to that, he was a Senior Consultant with an international consulting company, the IMS Group, now a part of Cordium. Prior to that he was an Associate Principal Examiner with FINRA in the District 10 NY office where conducted routine examinations and special investigations related to fraud and anti-money laundering. Mr. Masi holds a Bachelor’s Degree in Finance and Accounting with a minor in Economics from Fordham University’s Gabelli School of Business, and is a Wharton Certified Regulatory Compliance Professional.
Anthony NugentHead of Repo Sales and Trading
Tony Nugent is BUCKLER Securities Head of Repo Sales and Trading. He has over 15 years of experience in the industry.
Prior to joining BUCKLER, Mr. Nugent worked for Maple Securities USA as Head of U.S. Repo and Fixed Income Securities Lending where he built a Fixed Income Repo, Collateral Management, and Securities Finance trading desk and served on LCR and HQLA management teams. He also worked at BGC/Eurobrokers where he covered FICC and Corporate Repo for banks, funds and broker/dealers. He began his career at Goldman Sachs where he worked in Money Market Sales, Repo Trading and Prime Brokerage Fixed Income Securities Lending. Mr. Nugent has a B.A. from the University of Virginia.
Michael A. GoldbergHead of Operations
Michael Goldberg is BUCKLER Securities Head of Operations. Mr. Goldberg has 15 years of experience in the financial services industry.
Prior to joining BUCKLER, Michael worked in Collateral Management and Middle Office Services at BNY Mellon and The Midway Group, where he held several roles over a 10 year span including Operations, P&L, Repo Trading, Hedge Trading, and Risk Management. Earlier in his career, Michael was an Assistant Vice President in Prime Brokerage Risk Management at Credit Suisse. Mr. Goldberg has an M.B.A. in Finance from Pace University and a B.A. in Finance from Binghamton University.
Scott J. UlmPrincipal
Scott Ulm has been the Co-Chief Executive Officer, Co-Vice Chairman, Chief Investment Officer and Head of Risk Management of ARMOUR Capital Management and ARMOUR Residential REIT Inc. (collectively “ARMOUR”) since November 2009.
Mr. Ulm has 31 years of structured finance and debt capital markets experience, including mortgage-backed securities. Mr. Ulm has advised numerous U.S., European, and Asian financial institutions and corporations on balance sheet and capital raising matters. He held a variety of senior positions at Credit Suisse both in New York and London, including Global Head of Asset-Backed Securities, Head of United States and European Debt Capital Markets and the Global Co-Head of Collateralized Debt Obligations. Mr. Ulm holds a B.A. summa cum laude from Amherst College, an M.B.A. from Yale School of Management and a J.D. from Yale Law School.