Morgan Joseph & Co., a full-service investment bank, expanded the firms analytics and trading group that operate in the secondary market for fixed-income structured products by hiring two new members to the team, as announced today by Matthew Stedman, the firm's head of sales and trading.
Thomas Carter, a 13-year veteran in the structured transaction field, has joined as an analyst and marketing representative, and Andrew An, who has been involved for 11 years in fixed income, will handle sales on the West Coast. The two new additiona were hired as managing directors.
Our complement of professionals dealing in structured products is growing since we launched this past June, and continues to expand, said Stedman. Both Thomas and Andrew are seasoned individuals, whose skills will benefit our activities in this sector.
Carter majored in electrical engineering as an undergraduate and postgraduate, and spent eight years designing electronic systems for guidance and navigation systems, before graduating with an MBA from the Stern School of Business at New York University. He joined General Electric Capital Corp., first as a vice president in structured transactions, and later as business development manager in capital markets.
In February 2001, he was named a director at Guggenheim/Liberty Hampshire/Links Securities, in New York City, where he was responsible for all aspects of the CDO transaction process, and served for three years. Thereafter, he became a managing director at Broadstreet Group, originating and structuring new issue CDOs, and then went to Pali Capital, in January 2005, as a managing director where he headed its structured products activities, his last position before joining Morgan Joseph in its New York office.
An, based in Los Angeles, CA, has held fixed-income marketing positions with a number of firms, including AG Edwards, in St. Louis, MO, and ING Americas, Wachovia Securities, Wells Fargo Securities and Suntrust Capital Markets, the last four all in Atlanta, GA. His most recent position was as vice president structured products group with Countrywide Securities Corp., where he covered large Tier 1 residential non-agency and agency mortgage back securities clients, focusing on below-investment grade cash flow analysis in both the fixed rate and ARM space.