RBS Greenwich Capital Names David Cannon Head of Collateralized Mortgage Obligation Trading Desk

Apr 12, 2005, 01:00 ET from RBS Greenwich Capital

    GREENWICH, Conn., April 12 /PRNewswire/ -- RBS Greenwich Capital, a
 leading fixed-income investment bank, today announced that David Cannon has
 joined the firm as Managing Director and Head of the Collateralized Mortgage
 Obligation (CMO) Trading Desk, reporting to Doug Greenig, Head of Agency
 Mortgage Trading for the firm.  Cannon will be responsible for the structuring
 and trading of both agency and non-agency CMO's.
     "CMO's are an important product for the mortgage market and for RBS
 Greenwich Capital, said Greenig.  "David is a talented and experienced trader
 who will help us build upon our existing success serving customers in this
 segment of the market."
     Cannon has 12 years of experience in the mortgage business, most recently
 as a CMO trader at UBS.  Prior to that, Cannon held similar trading roles with
 Chase Manhattan Bank and Paine Webber.
     In addition to Cannon, the firm also announced the hiring of Cass Tokarski
 to its CMO trading desk.  Tokarski, who is a Senior Vice President reporting
 to Cannon, has prior mortgage trading experience at both UBS and Goldman
     About RBS Greenwich Capital
     RBS Greenwich Capital is a wholly owned subsidiary of The Royal Bank of
 Scotland Group plc.  Since its founding in 1981, RBS Greenwich Capital has
 grown from its early roots as one of the first relative value
 arbitrage-trading firms to become a unique fixed-income capital markets
 player.  The firm focuses on targeted products and markets where the company
 leverages its expertise to create substantial value for its clients.
     RBS Greenwich Capital is a major primary dealer in U.S. government
 securities, a distinguished market leader in sales and trading of mortgage-
 backed securities, asset-backed securities, corporate bonds and credit
 derivatives, interest rate derivatives, asset finance, real estate finance and
 securitization markets.  It also is a market leader in the provision of high
 quality futures brokerage services and trade strategies to select clients.
 For more information about RBS Greenwich Capital, visit its Web site at

SOURCE RBS Greenwich Capital