PrinceRidge, the financial services firm led by John Costas (Chairman) and Michael Hutchins (CEO), announced it has added 5 new directors to its growing RMBS Group.
Barry Berkeley, Head of the U.S. Residential Mortgage Backed Securities Group at PrinceRidge, said, "This an exciting time for PrinceRidge. We see great opportunity for the RMBS Group and the firm. Our distribution focused approach provides a great platform for taking and moving inventory. We are well capitalized and we are hiring. We have added five new outstanding professionals in trading and sales over the past few weeks and look to continue to add to the team."
With the addition of these newest recruits the RMBS Group has grown to over 24 people.
Jeff Hingst, Tony Mun and Jeff Weaver bringnearly 60 years of combined experience to PrinceRidge's RMBS sales effort. Jeff Hingst has 19 years of experience selling RMBS at FTN, Barclays, and Bear Stearns prior to joining PrinceRidge in early April. Tony Mun comes to PrinceRidge with 14 years of experience as a salesperson in RMBS. Mr. Mun was previously with Ally Securities, Deutsche Bank and Credit Suisse. Jeff Weaver has more than 25 years of experience selling RMBS, and held leading sales positions at Ally Securities, Robert Baird and RBS.
Brendan Kissane and Ken Perschetz are seasoned RMBS traders expected to further solidify PrinceRidge's place in the RMBS space. Mr. Kissane has over 12 years of trading experience with a specialization in trading specified pool mortgages. Prior to joining PrinceRidge he was with Ally Securities, Mizuho Securities and Nomura Securities. Ken Perschetz is a seasoned ARMs (adjustable rate mortgages) trader who gained over 25 years of trading experience with Oppenheimer, Nomura Securities, Sandler O'Neil and Bear Stearns before joining PrinceRidge in early April.
About The PrinceRidge Group LLC
PrinceRidge is a financial services firm built upon extensive industry experience, professionalism and integrity. The firm is client-oriented, fixed-income focused and offers a variety of financial services to an institutional customer base. PrinceRidge is committed to employing the highest quality professionals with significant industry experience, deep product knowledge, integrity and entrepreneurial spirit. For more information about The PrinceRidge Group LLC please visit www.princeridge.com.
The PrinceRidge Group LLC
Colette Dow, 646-792-5601