HAUPPAUGE, N.Y., Oct. 14, 2016 /PRNewswire/ -- First Empire Securities, a fixed income broker-dealer working with institutions nationwide, is pleased to announce the arrival of George Smith as a managing director in the firm's New York office. He most recently managed the MBS business at Hilltop Securities and has previously managed the asset-backed securities (ABS) trading desks at Cantor Fitzgerald, Merrill Lynch, Bear Stearns and HSBC. Mr. Smith will be responsible for the build out of First Empire's ABS business.
"George is an established commodity in the ABS space and his business will be integral to helping us expand our product offerings for money managers, hedge funds, insurance companies, banks, bank trusts and government agencies," said Stephanie Rella, Chief Operating Officer at First Empire.
Mr. Smith's business will focus on private label/non-agency residential mortgage-backed securities, as well as the entire range of asset-backed securities, including those backed by auto loans and leases, credit card receivables, student loans, floor plan receivables and other consumers and business receivables.
His arrival is the latest move to expand the broker-dealer's institutional offerings. In late 2015, the firm hired several municipal bond traders and began offering access to new issue municipal bonds. Earlier this year, a CD and structured note underwriting team joined the firm.
First Empire Securities
First Empire Securities is an institutional fixed income broker-dealer providing a broad range of services to ensure clients are making well-informed investment decisions. The company's seasoned traders and financial strategists, state-of-the-art analytical tools and former regulatory examiners all contribute to a full-service approach developed to help institutions improve the performance of their investment portfolios and better manage their balance sheets. First Empire Securities is a member of FINRA/SIPC.
First Empire Holding Corp.
First Empire Holding Corp. (First Empire) is an employee-owned company and is the parent company of First Empire Securities, Balance Sheet Management Services, LPC Services, First Empire CD Management and First Empire Asset Management. Today, our companies work with more than 2,000 institutions across the United States providing a range of services related to fixed income investing, loan participations, asset liability management, regulatory consulting and funding strategies. More information can be found at www.firstempire.com.
Bonnie Moser, Marketing Director
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SOURCE First Empire