Michael Hoeh, a senior portfolio manager at Dreyfus Corp., has joined Crédit Industriel et Commercial (CIC). At Dreyfus, Hoeh was head of all residential and commercial mortgage-backed portfolio management and trading. He was also in charge of investments in non-mortgage asset-backeds. Hoeh started at CIC in New York last week as head of securitized products for the bank’s internal portfolio.
At Dreyfus, Hoeh’s duties have been assumed by Gerald Thunelius, head of taxable fixed income, and Ron Deonarian, a mortgage-backed securities specialist, according to Maureen Dempsey, spokeswoman. They took over his responsibilities on the Dreyfus GNMA Fund, Inc. and the Dreyfus Premier GNMA Fund as of April 22, according to amended prospectuses filed with the Securities and Exchange Commission.
