Dan Hoffman Joins Amherst Securities Groups as Head of SalesAustin, TX – May 20, 2010 – Amherst Securities Group LP, a leading financial services provider to institutional investors in the mortgage sector, announced today that it has hired Dan Hoffman as Head of Sales. In this position, Mr. Hoffman will be responsible for managing Amherst’s fixed income sales group. Mr. Hoffman joins Amherst from Royal Bank of Scotland, where he had been Managing Director/Sales since 2008, and brings more than 20 years experience in the fixed income and mortgage-backed securities sectors to the position. He will be based out of Amherst’s New York office.
Sean Dobson, Chairman and Chief Executive Officer of Amherst, said, “With the markets continuing to show signs of improvement, we are thrilled to add such a seasoned fixed income professional as Dan. His experience and expertise, particularly as an effective sales force manager at both Royal Bank of Scotland and Bear Stearns, significantly strengthen our ongoing efforts to meet the growing needs of our institutional clients.”
Prior to working at Royal Bank of Scotland, Mr. Hoffman was Senior Managing Director at Bear, Stearns and Co., where he worked for 22 years. As Head of Mortgage and Rate Sales at Bear, Stearns, Mr. Hoffman was responsible for all residential mortgage products; asset-backed securities, commercial mortgages, CDO and CLOs; and all U.S. rate products. He received his MBA from the University of Chicago, Graduate School of Business in Finance/Marketing.
About Amherst Securities LP
Amherst Securities Group, LP, is a specialist broker-dealer with more than 15 years experience analyzing and trading residential mortgage-backed securities. Amherst is the principal subsidiary of Amherst Holdings, a holding company for several companies dedicated to assisting institutional investors in the U.S. mortgage markets. Amherst’s experienced professional staff utilizes proprietary analytical tools to provide actionable intelligence to institutional clients that are seeking to understand and profit from the complexities and risks of the mortgage securities market. More information about Amherst can be found on www.amherstsecurities.com.
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