Braver Stern Securities Continues Expansion; Opens Offices in Boston and Richmond

Oct 25, 2010, 09:00 ET from Braver Stern Securities

NEW YORK, Oct. 25 /PRNewswire/ -- Braver Stern Securities LLC, an independent broker-dealer, announced today that it is opening two new fixed income institutional sales offices in Boston, MA and Richmond, VA.

John F. Keller has been hired to head the Boston fixed income institutional sales operation, and David S. Cuttino has been hired to lead the institutional mortgage-backed sales operation in Richmond.  Both Mr. Keller and Mr. Cuttino bring an expertise in mortgage-backed securities that will complement Braver Stern's existing customer-focused strategy.

"We are very excited to have Mr. Keller and Mr. Cuttino join us, as they are seasoned veterans and a true testament to our commitment to expand and bolster the firm's institutional sales platform," said George Kenny, Head of Institutional Fixed Income sales at Braver Stern. "Boston is a key focus for Braver Stern and the new office will allow the firm to interact with customers directly while continuing to grow its presence in the region. Richmond is also a target area for us, and we look forward to expansion in both of these important markets."

Joseph Valentine, Managing Director of Fixed Income trading, added, "These hires will add value for our customers by providing them with in-person, real-time resources in both Boston and Richmond, and will expand our reach in those two critical markets. John and David are both great additions to our platform."

Mr. Cuttino joins Braver Stern from BB&T Debt Capital Markets, where he most recently traded Agency and Non-Agency mortgage products. Prior to BB&T, Mr. Cuttino was a Portfolio Manager at West Side Advisors in New York City, where he managed a RMBS portfolio of Agency Derivative products and Non-Agency Credit. Mr. Cuttino began his career as a civilian engineering contractor to the Naval Research Laboratory in Washington, DC. He earned an MS in Electrical Engineering from Columbia University and a BS in Electrical Engineering from Virginia Tech.

Prior to joining Braver Stern, Mr. Keller was a Portfolio Manager for funds including ABS, MBS, CMBS, real estate equity and private equity for Cambridge Place Investment Management.  Mr. Keller was also an ABS/MBS Analyst and Portfolio Manager for Babson Capital, and an ABS/MBS Trader and Analyst for Standish, Ayer & Wood prior to that. He began his career as an MBS Trader for Edward Jones. He earned an MS in Finance from Boston College and a BA in economics from Lafayette College.

About Braver Stern

Founded in 1991, Braver Stern Securities LLC is an independent broker-dealer specializing in mortgage-backed securities and other structured and securitized products for institutional clients. The firm provides sales and trading services on behalf of hedge funds, insurance companies, corporations, private banks, commercial banks, mutual funds, REITs and investment advisers. Braver Stern is led by professionals who have held senior leadership roles in management, sales and trading at the some of the world's leading financial institutions.

SOURCE Braver Stern Securities