Austin, TX, November 24, 2008 – Amherst Securities Group LP, a broker-dealer specializing in residential mortgage-backed securities (RMBS), announced today that it has hired Timothy W. Dooley as Head of Non-Agency RMBS trading. Mr. Dooley previously worked at Lehman Brothers as a Senior Vice President of Mortgage Trading. His experience encompasses mortgage finance, structuring, marketing, trading and hedging RMBS and related products. He will be based out of Amherst’s New York City office.

 

Sean Dobson, CEO of Amherst Securities Group, remarked: “This is a significant addition for our firm. With RMBS markets becoming increasingly complex and relationship-driven, Tim’s deep product knowledge and banking experience will enable us to expand our spectrum of services and build on the momentum established by our veteran team. Over the course of his career, Tim has worked across virtually the entire spectrum of residential finance—experience that I believe will prove invaluable to both Amherst and our clients.”

 

Tim Dooley said, “I am excited to join Amherst at such a pivotal moment in the market’s history. I have long been impressed with the value the Amherst platform provides to its clients, and I look forward to extending the breadth of the firm’s analytics and strategic insights.”

 

Mr. Dooley worked at Lehman Brothers for 11 years prior to joining Amherst. He graduated from College of the Holy Cross with a B.A. in Economics and Music.

 

 

Amherst Securities Group LP is a privately-held, specialized broker-dealer with more than 15 years experience analyzing and trading residential mortgage-backed securities. Our 75 experienced professionals, utilizing our proprietary analytics, develop and provide actionable intelligence that helps clients understand the complexities and inherent risks of the world’s largest debt market and identify trading opportunities that help minimize risk and meet their objectives throughout different economic cycles. More information about Amherst can be found on the firm’s Web site at www.amherstsecurities.com.

 

Tom Johnson

The Abernathy MacGregor Group

(212) 371-5999