AK Capital Markets has hired Lori Addison as a managing director and head of collateralized mortgage obligations. Andy Kowalczyk, founder and ceo, says the hire is for a new role and is part of the New York-based mortgage-backed securities boutique's effort to expand its capabilities to CMOs and structured finance. The firm is also seeking to hire a managing director for a new structured finance venture.
Addison previously worked as a saleswoman at Shoreline Trading, a mortgage broker in New York. Prior to that, she was on the buy-side and helped manage $17 billion in fixed-income assets at what is now known as Scudder Investments.