First Empire Securities Grows ABS, Mortgage Origination Businesses

HAUPPAUGE, N.Y., Jan. 31, 2017 /PRNewswire/ -- First Empire Securities, a national fixed income broker-dealer, added several veteran sales professionals to join its recently established asset-backed securities desk and added a senior trader/salesman to build out its mortgage bank sales and trading platform.  The moves are part of the company's strategic campaign to expand its product line-up and sales capabilities.

"We are excited about their arrival, which is certainly part of a bigger effort to broaden our appeal to banks and other sophisticated institutional investors throughout the U.S.," said Stephanie Rella, Chief Operating Officer at First Empire Securities.  

Ramesh Anantha, Andrew Green and Blake Murphy are joining the company as managing directors and are teaming up with veteran ABS trader George Smith, who launched the firm's asset-backed securities trading desk late last year. The desk focuses on private label/non-agency residential mortgage-backed securities and a complete range of ABS products, including those backed by auto loans and leases, credit card receivables, student loans, floor plan receivables and other consumer/business receivables.

Anthony "Tony" Mun, formerly of Piper Jaffray, will develop the firm's mortgage origination business to provide liquidity for mortgage bankers' pipeline hedging needs. Focusing on the trading of TBA pass-throughs and specified pools, the business will have established relationships with a wide range of large and small originators.  

"Tony's business grows our relationship with the mortgage banking community and we expect to build on the synergies it may have with our ABS group and the loan sales services of our affiliate LPC Services," said Joseph Oricoli, Managing Director of First Empire Securities.

Since late 2015, First Empire has opened offices in Chicago, Los Angeles and several other cities across the United States. It also launched a new CD and structured note underwriting business and expanded its municipal bond trading desk, which now offers new issue municipal bonds.

First Empire Securities
First Empire Securities is an institutional fixed income broker-dealer providing a broad range of services to ensure clients are making well-informed investment decisions. The company's seasoned traders and financial strategists, state-of-the-art analytical tools and former regulatory examiners all contribute to a full-service approach developed to help institutions improve the performance of their investment portfolios and better manage their balance sheets. First Empire Securities is a member of FINRA/SIPC.

First Empire Holding Corp.
First Empire Holding Corp. (First Empire) is an employee-owned company and is the parent company of First Empire Securities, Balance Sheet Management Services, LPC Services, First Empire CD Management and First Empire Asset Management. Today, our companies work with more than 2,000 institutions across the United States providing a range of services related to fixed income investing, loan participations, asset liability management, regulatory consulting and funding strategies. More information can be found at www.firstempire.com.

Contact:
Bonnie Moser, Marketing Director
800-645-5424
[email protected]

SOURCE First Empire

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