RBS Greenwich Capital has hired David Cannon as Managing Director and Head of the Collateralized Mortgage Obligation (CMO) Trading Desk, reporting to Doug Greenig, head of Agency Mortgage Trading for the firm. Cannon will be responsible for the structuring and trading of both agency and non-agency CMO’s.
“CMO’s are an important product for the mortgage market and for RBS Greenwich Capital, said Greenig. “David is a talented and experienced trader who will help us build upon our existing success serving customers in this segment of the market.”
Cannon has 12 years of experience in the mortgage business, most recently as a CMO trader at UBS. Prior to that, Cannon held similar trading roles with Chase Manhattan Bank and Paine Webber.
In addition to Cannon, the firm also announced the hiring of Cass Tokarski to its CMO trading desk. Tokarski, who is a senior vice president reporting to Cannon, has prior mortgage trading experience at both UBS and Goldman Sachs.