RBS Securities has expanded its MBS and ABS sales and trading teams within its global banking and markets division in the Americas, the firm announced today.

Sean Whelan and Colin McGahren have joined the firm’s MBS and ABS sales team, and Brian Song has joined as head of agency passthrough trading.

Whelan has more than 20 years of sales experience in the securitization markets and joins from  Deutsche Bank, where he was responsible for MBS sales. He previously held senior MBS sales roles at UBS and Lehman Brothers.

McGahren joins from Nomura, where he was a member of the MBS sales desk. At Nomura, he covered institutional clients ranging from banks to hedge funds. Before this, he held MBS sales positions at Mizuho and Bank of America Merrill Lynch.

Song, with nearly 10 years of experience trading agency MBS, joins the firm from Credit Suisse, where he specialized in trading agency  passthrough securities. Previously, he headed agency passthrough trading at HSBC. He also held a similar trading position at Bear Stearns.

“We are pleased to have industry veterans such as Sean and Colin join our MBS and ABS sales desk,” added Jeffrey DiModica, head of MBS and ABS sales. “RBS’ expertise is second to none when it comes to helping our clients navigate the securitization markets. These new appointments reinforce our continued commitment to provide our clients with the best execution, pricing and coverage across the MBS and ABS markets.”

“The addition of Brian to our industry-leading team of highly seasoned traders strategically complements our mission to become our clients’ top counterparty across the full line of mortgage products,” said David Cannon, global co-head of MBS and ABS trading. “We are looking forward to leveraging Brian’s expertise as we continue to strengthen our mortgage platform.”


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