BNP Paribas hired MBS passthrough trader Andrew McConnell from RBS Greenwich Capital. In his new position, McConnell will head BNP's New York-based mortgage passthrough trading desk, reporting to U.S. fixed-rate trading head Zbigniew Ryzak. Prior to working at RBS Greenwich, McConnell had worked at ABN AMRO, Bear Stearns and Donaldson Lufkin & Jenrette.
Deutsche Bank Securities recently hired Christopher Babu last week as a director in the firm's MBS group, where he will focus on mortgage derivatives trading. Babu, who will report to Head of Mortgage Derivative Trading John Roach, was hired from Banc of America Securities and has more than eight years experience in the field. In October, Roach and the Head of the MBS Group Anilesh Ahuja joined Deutsche from RBS Greenwich Capital. Other recent hires are co-head of correspondent lending Maxine Matteo, head of mortgage analytics Mark Appel, and MBS research head Amin Majidi.