Deutsche further builds its mortgage group

Deutsche Bank Securities has hired Troy Dixon as a managing director and head of passthrough mortgage trading within the firm's global markets division. Keith Willard will also join the passthrough trading group as a director and Cyle Berwanger as an associate. Dixon will report to both Anilesh Ahuja, managing director and head of residential MBS, and Jon Kinol, managing director and head of rates trading for North America.Dixon, an industry expert with over 10 years experience in the passthrough mortgage market, joins the firm from UBS where he was an executive director and head of passthrough trading. Prior to that, he was head of passthrough trading at Donaldson, Lufkin & Jenrette and retained the same role at Credit Suisse First Boston after CSFB's acquisition of DLJ. Willard and Berwanger also join from UBS, where Willard was a director responsible for passthrough trading of specified mortgage pools. "Having a strong foothold in the passthrough market is a necessity for any successful mortgage franchise," said Ahuja. "Troy's experience, product knowledge and extensive history in the market will be an asset to our already existing passthrough business and his skilled team will further advance us as a leading mortgage trading house."