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