Luminent Mortgage Capital appointed Barry Weiss as its new chief investment officer and Eric Richter as a portfolio manager, effective June 30.

"I am pleased to announce the addition of Mr. Weiss and Mr. Richter to our team," said Zachary Pashel, chief executive officer at Luminent. "Both Mr. Weiss and Mr. Richter are proven portfolio managers each with over 12 years experience investing in structured products, primarily focused on both agency and non-agency mortgage-backed securities. Their expertise, coupled with our existing credit analysis infrastructure, is integral to building a successful asset management platform."

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