The Royal Bank of Scotland (RBS) added two new hires to its MBS, CMBS, and ABS strategy team within its U.S. global banking and markets (GBM) division.
Gregory Reiter is now managing director in agency residential security strategy and Jeana Curro is vice president in agency MBS/CMOs. The new hires, who will be based in Stamford, CT, will report to Brian Lancaster, head of MBS, CMBS and ABS strategies. Reiter and Curro are the latest of several senior-level additions to RBS’s U.S. strategy team.
Reiter will be responsible for developing investment strategies in the agency CMO and ARM product areas. He joins RBS from The World Bank where he was a portfolio manager. Before that, he was with UBS from 2005 until 2008 where he was responsible for agency CMO and ARM strategies. Before that, he was with Freddie Mac where he was a senior director covering mortgage securities.
Curro will also work on developing agency MBS strategies. She was previously with UBS since 2004 where she was a director in fixed-income strategy and generated trade ideas through regularly published strategy notes.
“These new appointments have first-class reputations as thought leaders in each of their respective areas of expertise and complement our non-agency residential and CMBS strategists," Lancaster said. "Given the complexity and dynamic change in these markets, it is increasingly vital to have leading strategists help clients identify investment opportunities and mitigate risks,”
“The hiring of these high-caliber professionals continues to underscore our strength and breadth of knowledge across a wide range of fixed income products and further demonstrates our commitment to the securitization markets,” said John Richards, head of strategy for GBM in the US.