Deutsche Bank Securities added five professionals to its MBS research group, topping the appointments with directors Arthur Frank and Ying Shen, who join the company as head of Agency MBS research and head of non-Agency MBS, respectively.

            Owing to his vast experience in the mortgage-backed securities industry, Frank's move is seen as a coup for the bank. He was a director in Barclays Capital's mortgage strategy group and before that, he led MBS research at both Nomura Securities International and HSBC Securities. Frank is also a full-time faculty member at the Wharton School of the University of Pennsylvania.

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