Maxim Group LLC has hired Barry C. Mohr as a managing director and senior product manager, where he will focus on distressed corporate and private placement debt in the new institutional fixed-income sales and trading group. He joins from Amherst Securities, where he was a partner and senior vice president. Prior to Amherst, Mohr had worked in the sales and trading group at Prudential Securities, where he had worked for over 20 years, ascending to the role of senior vice president. Also, Maxim has hired Brian Field as a vice president to work on the CDO trading desk supporting the secondary trading effort. Field had previously worked in the CDO structuring group at JPMorgan Securities, leaving in 2002.
In an expansion of its U.S. ABS operations, BNP Paribas has announced that managing director David Mandel will be moving from London to New York to head the securitization business for the Americas. Mandel will report to Michael Donahue, global head of securitization based in London. Locally, he will report to Kip Testwuide, head of fixed-income origination and distribution for the Americas. Mandel has over 10 years experience in ABS.