10:04 AM
KBW Beefs Up MBS Team
Keefe, Bruyette & Woods has hired Peter Ma to lead the firm’s mortgage-backed securities trading efforts in the non-agency market and Greg Hargraves joins as senior agency pass-through trader.
Ma was previously executive director of UBS’ MBS trading desk. Hargraves was senior GNMA traders at Merrill Lynch and oversaw the firm’s middle market mortgage business most recently. Both will report to Don Ullmann, head of KBW’s MBS and Agency Trading business.
In a statement, Craig Coats, Executive Vice President and head of KBW's Fixed Income Division, said, “With these outstanding new hires, we have broadened and deepened our ability to execute value-added trades for our customer base. We are very pleased to have been able to attract professionals of this caliber.”