The new company aims to facilitate business with institutional investors throughout Asia and to leverage Amhersts knowledge of fixed-income securities, particularly in RMBS.
Paul Kan will lead AIL as managing director. Kan joined Amherst from Lehman Brothers Hong Kong office, where he worked as a senior vice president and senior MBS and securitized products trader for Asia and was responsible for trading and coordinating the execution of MBS trades with Lehmans New York trading desks.
Before Lehman, Kan was a member of the mortgage trading group at Donaldson, Lufkin & Jenrette, where he structured and traded agency and non-agency CMOs in New York.
The release said the initial focus of AIL will be facilitating securities transactions in the U.S. between Asian accounts and Amherst Securities Group, Amhersts broker-dealer affiliate.
Amherst said it hopes to deepen relationships with global investors through the new subsidiary, as well as provide better access to investment approach and analytics.