Deutsche Bank Securities in New York has hired Alec Crawford from Morgan Stanley to be its MBS strategist, according to global securitized product research chief Karen Weaver. Crawford will be responsible for generating trade recommendations and market overviews for Deutsche's client base. The position is newly created. He will also work with Deutsche's chief fixed-income strategist, Ifty Islam, in devising the MBS and MBS derivative components of the weekly Deutsche fixed-income strategy review. He will jointly report to Weaver and Islam. At Morgan Stanley, Crawford was most recently chief interest-rate strategist, responsible for a team that analyzed and made calls on swaps, MBS, agencies and government bonds, and reported to area chief Tom Juterbock. Calls to Juterbock were not returned as of press time. Crawford could not be reached for comment.
Weaver, who had been conducting a search for this position since May (BW, 5/13), would not comment on Crawford's hiring, citing several remaining details such as title. She did note that "it was safe to say Mr. Crawford is going to be doing some hiring," reflective of her desire to build up the firms securitized product research effort.