In what was described by one source as a "major coup" for the Wall Street firm, Prudential Securities last week announced that mortgage veteran Peter Rubinstein has been named senior vice president in charge of asset-backed securities research.

The 48-year-old Rubinstein, most recently an investment banker in the asset-backed group at Chase Securities, is one of the market's best-known specialists on home equity loans, having worked extensively on the product during previous stints at Chase, PaineWebber and Donaldson, Lufkin & Jenrette. According to sources familiar with the situation, Rubinstein's move surprised several key players on Wall Street last week who would have liked to hire him but didn't know he was looking for a new job.

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