Wells Fargo Securities has Manish Peshawaria and Bob Rosmanwas for its European ABS unit, ASR has confirmed.

The spokesperson from Wells characterized the hires as a "modest expansion of our existing ABS services."

A Bloomberg report said that Peshawaria and Rosmanwas were formerly directors from Knight Libertas.

The report said that Peshawaria was previously head of European ABS and MBS trading at Knight Libertas. Meanwhile, Rosmanwas was previously a salesman for the Benelux region at the institutional fixed income broker-dealer.

They had joined Wells in equivalent roles and added to Wells Fargo’s team of four salesmen, according to Bloomberg.

According to Bloomberg, in the U.S., Wells Fargo is building a team to package and trade MBS. The firm boosted its MBS bond desk to 30 employees from five, the report said.

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