Amherst Securities Group Hires Highly Experienced Mortgage Sales Team and Bolsters its Midwest PresenceAustin, TX – May 4, 2009 – Amherst Securities Group LP, a broker-dealer specializing in residential mortgage-backed securities (RMBS), today announced that it has added a veteran team of mortgage-backed securities (MBS) and asset-backed securities (ABS) salespeople at its Chicago office, strengthening the firm's already extensive ability to provide critical analysis and trading solutions to clients. Ryan Mullaney, a former Managing Director at RBS Greenwich Capital whose career in MBS sales spans 24 years, has been appointed to manage the Chicago office. Joining him are Michael Brunso, Michael Carothers and Ryan Clinton, all of whom will work in sales beginning today and who also previously worked at RBS Greenwich Capital.Sean Dobson, Chief Executive Officer of Amherst Securities Group, said: “I am pleased to welcome such an experienced team of salespeople to Amherst. Ryan and his team have worked together for many years and bring a proven track record of success through various economic cycles. Their analytical approach, innovative ideas and existing relationships on Wall Street are a perfect fit for Amherst's entrepreneurial culture and will add tremendous value to our customers.”
“I am very excited to join Amherst, which has quietly built a reputation for having the strongest, most reliable team of traders and best analytics available in the MBS space,” said Mr. Mullaney. “Together with my colleagues, we look forward to building on that reputation and helping deliver growing value to the company's clients in good markets and bad.”
In his new role as Senior Managing Director, Mr. Mullaney will manage the new Chicago office, serving as the licensed General Securities Principal and working closely with Amherst’s executive management team. For the past 15 years, he has held the position of Regional Sales Manager and Managing Director at RBS Greenwich and was responsible for opening and building the company’s sales office in the Midwest. During his tenure, he strengthened the Midwest office’s presence in MBS, ABS, CMBS, Agencies, Rates and Derivatives. Prior to working at RBS Greenwich, Mr. Mullaney worked at Merrill Lynch for nine years as Director and Head of the Midwest Bank & Thrift Sales group. He holds an MBA from the Kellogg School of Management at Northwestern University.
Michael Brunso, who joins Amherst as Senior Vice President in Sales, was previously Managing Director of MBS/ABS sales at RBS Greenwich, where he sold mortgage-backed, asset-backed and commercial MBS for 13 years. Prior to that, Mr. Brunso worked at Merrill Lynch for ten years in MBS and ABS sales and held the position of Director and Head of the Total Return Mortgage Sales group. He received his MBA from Indiana University.
Michael Carothers joins Amherst as Senior Vice President in Sales. While at RBS Greenwich, he held the role of Managing Director in MBS and ABS Sales and covered top-tier money managers, commercial banks, FHLB’s, insurance companies and hedge funds. Previously, Mr. Carothers worked in fixed-income sales at Merrill Lynch for 12 years. He earned his MBA from Northwestern University’s Kellogg School of Management.
Ryan Clinton joins Amherst as Senior Vice President in Sales. He previously worked as a Managing Director specializing in structured product sales at RBS Greenwich for 13 years, where he covered institutional clients including banks, insurance companies and money managers from the Chicago regional office. He graduated with a BA from University of Vermont.
About Amherst Securities LP
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 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.
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