AUSTIN, Texas, Aug. 8, 2012 /PRNewswire/ -- Amherst Securities Group, LP, a leading financial services provider to institutional investors in the mortgage sector, announced today that Dan Derby has joined the company as a Vice President of Fixed Income Securities. Mr. Derby has more than 15 years experience in the mortgage backed securities market, primarily covering depository institutions. He will be based in Amherst's Chicago office.
"Dan is an exceptional addition to our firm," said Dan Hoffman at Amherst Securities. "His experience, particularly in working with depository institutions, makes him an excellent fit to our talented sales team as we look to grow the fixed income expertise and services we offer to meet our clients' needs."
Mr. Derby joins Amherst from Raymond James and Associates, where he was a Vice President focused on institutional fixed income sales, primarily with agency and non-agency mortgage backed securities. He was formerly at RBS Greenwich Capital for eight years and prior to that spent four years at Mercantile Bank. Mr. Derby holds a Bachelor of Science degree in Economics from The Wharton School of the University of Pennsylvania.
About Amherst Securities, LP
Amherst Securities Group, LP, is a specialist broker-dealer with more than 15 years experience analyzing and trading residential mortgage-backed securities. Amherst is the principal subsidiary of Amherst Holdings, a holding company for several companies dedicated to assisting institutional investors in the U.S. mortgage markets. Amherst's experienced professional staff utilizes proprietary analytical tools to provide actionable intelligence to institutional clients that are seeking to understand and profit from the complexities and risks of the mortgage securities market.
SOURCE Amherst Securities Group, LP