Further Lane Securities has hired David Castillo as a senior managing director in charge of institutional ABS/CMBS trading and sales at the firm. The new hire, who will report to the firm's CEO J. Michael Araiz, will also open and manage Further Lane's San Francisco office. As part of this expansion effort, the firm is planning to hire up to ten new employees, including a junior trader and a senior salesmen focusing on the ABS, MBS, CMBS and CDO sectors. Prior to his position at Further Lane, Castillo was managing director of taxable fixed income at Southwest Securities and was a senior vice president at Royal Bank of Canada. Aside from the new San Francisco division, NYC-based Further Lane also has satellite offices in East Hampton and White Plains, N.Y., Southern Florida, Santa Fe, and Lansing, M.I. Opening a San Francisco is part of Further Lane's goal to have a bi-coastal presence.

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