Maxim Group hired four fixed-income professionals for its structured credit sales and trading group.
J. Kurt Kaline was named managing director of CMBS trading and will be responsible for sourcing and trading CMBS and CRE debt. Before Maxim Group, Kaline was a managing director with Winthrop Realty Partners where he was responsible for the purchasing and surveillance of all CMBS as well as sourcing commercial real estate debt for the Concord Debt Platform.
Before that, he served as the director of CMBS trading for ABN AMRO/LaSalle Financial Services where he focused on new-issue CMBS distribution and secondary trading. Kaline began his 17 year, fixed-income career at Nomura Securities International.
Robert Cestari was appointed director of CMBS trading and will be responsible for sourcing and trading CMBS and CRE debt. Previous to Maxim Group, Cestari was a managing director with Winthrop Realty Partners where he established the firm's debt acquisition and CDO issuance platform, Concord Debt Holdings.
Prior to this, he was with Apollo Real Estate Advisors where he was responsible for sourcing and underwriting commercial real estate related debt products. Before joining Apollo, Cestari was a founding principal with Sinjin Fixed Income Advisors, a real estate and fixed-income consulting firm that represented major investment banks and institutional clients. Cestari also started his career at Nomura Securities International where he ran the CMBS trading desk.
Matthew Christ was named director of structured credit sales where he will be responsible for marketing RMBS, ABS and CMBS related securities. He started his career with BT/Alex Brown where he worked as a banker on different equipment and ABS securitizations. He later joined Merrill Lynch where he had a number of positions in the origination, marketing, and sales of structured credit products and derivatives over his 10 year career with the firm. Before Maxim Group, Christ focused exclusively on marketing structured credit to hedge funds and money managers.
Robert Clark was appointed director of structured credit sales where he will focus on marketing RMBS, ABS and CMBS related securities. Clark has two decades worth of structured credit sales and management experience to Maxim Group. He was most recently with Cohen & Co. where he specialized in mortgage-related securities. Before that, Clark held various sales management responsibilities with WAMU Capital Markets, RBC Capital Markets and Prudential Securities.
"We are very pleased to welcome these industry veterans who bring a wealth of experience to our fixed-income capital markets platform which continues to enjoy robust expansion," said Armand Pastine, executive managing director and head of Maxim Group's fixed-income Division.Earlier this year, Maxim Group hired James Gallagher, ABN AMRO Bank as head of jnstitutional fixed-income trading and former Barclays director Peter Glinert as a managing director of corporate bond trading. The firm also recently named Colin Campbell, former Goldman Sachs vice president and Barclays director, as managing director of structured credit sales and trading.