UBS Adds Two To ARMs Desk

UBS recently added two professionals to its adjustable-rate mortgages desk.

  • 08 Jul 2005
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UBS recently added two professionals to its adjustable-rate mortgages desk. David Rashty is structuring and trading ARMs while Nathan Baruch is analyzing the securities. Both report to Brian Bowes and John Lee, co-heads of UBS' ARMs business. "ARMs will continue to grow as a percentage of the market as homeowners become more payment focused and all payment innovations have been on the ARMs side," Bowes said, explaining the group's growth. He does not plan further hires at this time.

Rashty joins from Lehman Brothers, where he structured hybrid ARMs and reported to Khalil Kanaan, a structured mortgage trader, according to Brian Hargrave, a non-agency hybrid ARMs trader at Lehman. Baruch was previously a fixed-income analyst at MetLife, according to Bowes. Kanaan did not return a call by press time and Rashty and Baruch did not return e-mails by press time.

  • 08 Jul 2005

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4 Credit Suisse 2,783 8 5.57
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