Amherst Securities Group hired three mortgage industry veterans to expand its sales division. The executives are Peter Davidson, Chris Heaney and Chris O'Neill.
The new additions will help in expanding Amherst's client base and build on the services it provides to existing clients.
Among the new hires, Davidson has been appointed a managing director in Amherst's New York office covering insurance companies, money managers and hedge funds. He was formerly at Royal Bank of Scotland (RBS) where he was a managing director working in MBS sales since April 2009. Before RBS, he was a director in MBS sales at Merrill Lynch where he spent more than eight years.
Heaney has been named a managing director in Amherst's mortgage sales division based in the Westport, CT office. He was formerly a managing director at Jefferies, focusing on structured product sales including MBS, ABS, CMBS, and CDO's since 2008. Before Jefferies, Heaney was a senior managing director at Bear Stearns, where he had a career spanning 22 years in the fixed-income department.
O'Neill will serve be a senior vice resident in Amherst's mortgage sales division based in the New York office. O'Neill was formerly from Jefferies where he was a senior vice president in its MBS and structured product sales group. Before his time at Jefferies, he spent eleven years at Bear Stearns in both the firm's fixed-income sales division and fixed-income technology group.
"I am delighted to welcome this group of high-caliber sales leaders to the Amherst team," said Dan Hoffman, head of sales at Amherst. "Their combined industry expertise and valuable client relationships across a wide range of accounts will deepen our MBS presence as we continue to meet the growing needs of our clients."