David Montano will be moving to JPMorgan Securities' securitized products trading desk as strategic principal trader. His focus will include principal risk taking in securitized products. "It is with a combination inevitable nostalgia and excitement for a new future that I report that this will be my last broadly distributed MRV [Mortgage Relative Value]," said Montano in a short statement contained in JPMorgan's MBS research this week. In his new role, Montano "will partner with the respective trading desks in SPG and maintain customer interaction in coordination with the sales-force," he said. Matt Jozoff, formerly from Goldman Sachs, has joined JPMorgan and will replace Montano as head of MBS strategy.