Amherst Securities Group hired Dan Hoffman as head of sales. In this position, Hoffman will be responsible for managing Amherst's fixed-income sales group.
Hoffman joins Amherst from Royal Bank of Scotland, where he had been managing director/sales since 2008, and brings over 20 years experience in the fixed income and MBS sectors to the position. He will be based out of Amherst's New York office.
Prior to working at Royal Bank of Scotland, Hoffman was senior managing director at Bear Stearns, where he worked for 22 years.
As head of mortgage and rate sales at Bear Stearns, he was responsible for all residential mortgage products; ABS, commercial mortgages, CDO and CLOs as well as all U.S. rate products.
"With the markets continuing to show signs of improvement, we are thrilled to add such a seasoned fixed income professional as Dan," said Sean Dobson, chairman and chief executive Officer of Amherst, said, "His experience and expertise, particularly as an effective sales force manager at both Royal Bank of Scotland and Bear Stearns, significantly strengthen our ongoing efforts to meet the growing needs of our institutional clients."