RBS Securities has poached Pat Beranek from Mizuho Securities to be jointly responsible for trading non-mortage ABS with Alan Johannsen, the Stamford, Connecticut-based bank said in a release. Beranek will report to Adam Siegal, co-head of U.S. ABS, MBS and CMBS Trading.
Beranek has 20 years of ABS experience under his belt. At Mizuho, he ran ABS Trading for two years. Prior to that stint he was head of ABS trading and syndicate at Bank of America Securities.
A spokesman for RBS said the hire was "opportunistic." Beranek does not replace anyone. He will work in the Stamford office. In the release, Siegel touted RBS's lead role in originating asset-backed financing and the trading experience of Beranek and Johannsen as ensuring ongoing success.