SGCIB launches RMBS group

SG Corporate & Investment Bankingtoday launched its new U.S. RMBS group and hired five new employees to staff the team, the company announced. David Chang joins Soc Gen from Deutsche Bank Securities as a director in the whole loan trading group. Abner Figueroa joins as a relationship manager from Eurohypo AG. Carole Mortensen joins as a Director from UBS where she managed various areas for RMBS and ABS products. Rob Pak moves over from the Soc Gen CDO structuring group. Yuan Zhou joins as a director, where he aims to develop proprietary default and prepayment curves.