Tejas Securities Group, a wholly-owned subsidiary of Westech Capital Corp. hired Samir Shah as managing director and co-sales manager of structured products.  

Shah's hiring will reinforce Tejas' sales and trading activity in mortgage-related structured products, according to the firm's press release. The new hire will be product manager of higher-grade RMBS, such as agency RMBS, ARMs, CMOs,  mortgage derivatives and senior non-agency MBS.

He joins John Randolph, who leads the firm's efforts in ABS, distressed RMBS and other structured products, and Tim Martin, who focuses on subordinate CMBS, as a senior leader of Tejas' growing structured products group.

Shah has over two decades of experience in MBS.  In recent years, he was head of the ABS/MBS group at MF Global  where he managed sales and trading efforts and provided strategy and analytical support for clients.  

Before MF Global, Shah had a 12-year carrer fixed-income sales at firms including Amherst Securities Group and Cantor Fitzgerald.  

Prior to 1995, he led an MBS strategies group at Nomura Securities International.  He started  his MBS career in Morgan Stanley as a research specialist in non-agency RMBS and ARMs. at the investment bank, his work included early implementation of Libor-based option-adjusted spreads for ABS/MBS.

Shah has written about an array of securitization topics such as macroeconomic issues, relative value and total return opportunities, portfolio optimization strategies, asset/liability studies, and studies of housing market trends.  

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