Amherst Securities Group, a broker-dealer specializing in RMBS, hired Michael McSweeney as an agency MBS passthrough trader focused on the specified pool markets.
McSweeney will be a managing director based in Amhersts New York City office. Aside from his efforts trading passthrough products, McSweeney will also be an integral part of the firms expanding agency CMO business, helping source collateral for deals. He joins Amherst after 11 years at UBS/Paine Webber, where he supervised the specified pool book while working as a member of the agency passthrough desk.
I am very pleased to welcome Mike to Amherst, who will play an important role broadening our efforts in the pool trading and CMO space," said Sean Dobson, CEO of Amherst Securities Group, "Mikes vast experience with and knowledge of specified pool trading will be a tremendous asset to our firm as we continue to add securitization expertise across our platform to help clients successfully take advantage of current trends in the bond market.