RBS Greenwich Capital Names David Cannon Head of Collateralized Mortgage Obligation Trading Desk
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 Sachs. 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 http://www.gcm.com.
SOURCE RBS Greenwich Capital
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