Morgan Joseph & Co., the New York investment bank, has launched a structured products group, naming Darren Wolberg and Dale Hoffman to serve as co-heads and managing directors of the new analytics and trading unit.

The pair, former BB&T Capital Markets structured product group bankers, will report to Matthew Stedman, head of sales at Morgan Joseph. Wolberg and Hoffman will oversee the trading of RMBS, CMBS, CLOs and ABS.

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