Investment banking firm Morgan Joseph added two senior members to its newly added structured products group.

Michael Ice,  who was previously for the last three years was a managing director with HSBC Bank, and senior producing salesperson specializing in structured credit products, was also named a managing director at Morgan Joseph.

Peeyush Varshney, formerly a vice president at Goldman Sachs' structured credit, fixed income currency & commodities division, joined the firm as a Senior Vice President. Both will be headquartered in New York City.

“Michael and Peeyush are both highly experienced in structured products and represent strong additions to the team we have assembled to serve this market,” said Matthew Stedman, Morgan Joseph's head of sales. “Michael’s long experience in Synthetic Products and Peeyush’s skills in the TRUP space rounds out our expertise in all facets of Structured Products.”

Ice’s first position on Wall Street was with Drexel Burnham Lambert where he was employed from 1983 through 1988, ultimately serving as vice president and head of CMO trading. He then served as head of fixed income sales in London for Merrill Lynch, global head of fixed income and derivatives in London for Rabobank, head of North America marketing, structuring and sales for UBS Warburg, and head of financial institutions sales group at Dresdner Kleinwort Wasserstein. He also spent two years as Chairman and CEO of RealMetrics, a real estate software and technology firm.

Varshney joined JPMorgan Chase in 2001, where as a vice president he, among other responsibilities, re-engineered the bank’s loss severity analysis for clients, and created and managed a program facilitating analysis for assessing and pricing of credit risk. He subsequently joined Sandler O’Neill as associate director of CDO structurer and modeler in fixed income, before joining Goldman Sachs in 2007.

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