Independent broker-dealer Braver Stern Securities hired Peter Howard as a managing director and head trader of CDOs, CLOs and esoteric ABS.

Howard has extensive experience in specialized ABS products and will play a key role in developing these business lines at Braver Stern.

Howard was previously at Cross Point Capital where he most recently served as head trader focused on all securitized products.

Before that, he spent three years with Peloton Partners as partner and head of the Peloton ABS Master Fund. He also was a director of portfolio optimization at Dresdner Bank in London, and started his career as a vice president and ABS portfolio manager at BNP Paribas.

“The addition of Peter is another step towards our goal of growing the firm by building out strategic business lines with the addition of talented people," said Joseph Valentine, head of fixed income trading. "We are extremely pleased to have Peter join us to develop our capabilities in this important market segment. Peter’s experience and insights will be extremely valuable to our clients.”

"The opportunity to join Braver Stern’s experienced and well-respected team was an extremely appealing one,” Howard said. “I look forward to working with them to help to grow the business, expand the existing platform and continue their current success."

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