PrinceRidge has hired five new directors to its RMBS unit. With these additional hires, the firm's RMBS group has grown to more than 24 people.
Jeff Hingst, Tony Mun and Jeff Weaver have close to 60 years of combined industry experience. Hingst has 19 years of experience selling RMBS at FTN, Barclays, and Bear Stearns before joining PrinceRidge in early April.
Mun comes to PrinceRidge with 14 years of experience as a salesperson in RMBS. He was previously with Ally Securities, Deutsche Bank and Credit Suisse.
Weaver has over 25 years of experience selling RMBS. He also held leading sales positions at Ally Securities, Robert Baird and Royal Bank Scotland.
Brendan Kissane and Ken Perschetz are seasoned RMBS traders. Kissane has more than 12 years of trading experience specializing in trading specified pool mortgages. Before PrinceRidge, he was at Ally Securities, Mizuho Securities and Nomura Securities.
Perschetz is an ARMs trader who has had more than 25 years of trading experience with Oppenheimer, Nomura Securities, Sandler O’Neil and Bear Stearns prior to PrinceRidge. He joined the firm in early April.
“This an exciting time for PrinceRidge. We see great opportunity for the RMBS group and the firm," said Barry Berkeley, head of the U.S. RMBS group. "Our distribution-focused approach provides a great platform for taking and moving inventory. We are well capitalized and we are hiring. We have added five new outstanding professionals in trading and sales over the past few weeks and look to continue to add to the team.”