The Royal Bank of Scotland (RBS) Securities division today hired three staffers on to its securitization (MBS, CMBS, and ABS) strategy team within its Global Banking & Markets department in the Americas. Sarah Hu starts as a prepayment strategist in the agency MBS and CMO markets. Richard Hill will serve as CMBS strategist with a focus on the CMBS and CMBX markets. Ying Wang is now a residential credit strategy developer in the non-agency MBS and consumer ABS markets. The trio are based in Stamford, CT., and their boss will be the head of the department, Brian Lancaster. “These appointments compliment the build out of our MBS, CMBS, and ABS strategy team over the last eight months and demonstrate the importance RBS places on providing our clients with the best possible investment strategies in these particularly volatile markets,” said Lancaster. RBS is growing more active in the securitization space, most notably in issuing the first CMBS of 2010. Prior to joining RBS, Hu was with Freddie Mac and SunTrust Mortgage where she managed risk models for prepayments, interest rates and pricing models. She also worked prepayments at UBS and as a senior risk consultant with Wells Fargo where she developed and maintained prepayment and default models for MBS and ABS origination, pricing, trading and valuation. Hill joined from Bank of America where he was a member of the corporate treasury team focusing on CMBS and commercial real estate debt. Wang worked at Interactive Data Corporation where she was a fixed income specialist that designed and implemented new evaluation systems for non-agency CMO bonds. Before that, she was with Barclays Capital in ABS prepayment and real estate as well as ABS strategy and risk management at Credit Suisse and JPMorgan. Write to Jacob Gaffney.
Jacob Gaffney is formerly Editor-in-Chief of HousingWire and HousingWire.com. He previously covered securitization for Reuters and Source Media in London before returning to the United States in 2009. While in Europe for nearly a decade, he covered bank loans and the high yield market, in addition to commercial paper, student loan, auto and credit card space(s).see full bio
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Jacob Gaffney is formerly Editor-in-Chief of HousingWire and HousingWire.com. He previously covered securitization for Reuters and Source Media in London before returning to the United States in 2009. While in Europe for nearly a decade, he covered bank loans and the high yield market, in addition to commercial paper, student loan, auto and credit card space(s).see full bio
