Broadpoint Capital, a subsidiary of Broadpoint Securities Group, hired Chris Lau, Ryan King, Brian Horan, Joseph Lyons, and Mike Regan for Broadpoint DESCAP, its MBS/ABS and rates division.
Lau joins as managing director of the Broadpoint DESCAP's CMBS group. Before Broadpoint, he had a 12-year stint at RBS Greenwich Capital, the last four of which he was a managing director on the CMBS desk. Prior to RBS, the new hire was at Lehman Brothers as an analyst for the bond options desk.
King joins Broadpoint in the ABS trading group. Prior to Broadpoint, he worked at Barclays Capital where he held different positions, most recently as an associate director of ABS trading. Before Barclays, he was an associate in Generalist Sales group selling corporate bonds, CDS, TIPS, agencies, and ABS.
Horan joins Broadpoint as a director of MBS Trading. He was previously at GMAC RFC Securities as an ARM trader. Before this stint, Horan worked in similar roles at both Friedman Billings Ramsey and Freddie Macs securities sales and trading group. Horan's hire marks Broadpoints further expansion into the agency ARM market.
Lyons joins the sales group of the division. He was formerly an executive director of the fixed- income structured credit sales group at Morgan Stanley. Before this, he was at Goldman Sachs as an analyst in the fixed-income sales group.
Regan also joins the sales group of the division. He began his career as a mortgage originator at Citimortgage. For the past three years, he was a director atBank of America where he managed a team of four covering hedge funds, money managers and insurance companies.