Daiwa Capital Markets Hires Two to Run Mortgage-Backed Pass-Through Desk

NEW YORK, May 7, 2012 /PRNewswire/ -- Daiwa Capital Markets America Inc. announced today that Michael Marsallo and Mark Schultz have joined the firm's MBS group to lead the mortgage-backed pass-through desk.  Both have more than 20 years of industry experience and were most recently responsible for pass-through trading at MF Global. 

"We are excited to hire these two individuals to help grow our business here at Daiwa," Jim Perillo, Head of MBS Trading and Sales said. "We will continue to add seasoned professionals both on the trading and sales side as we expand the agency platform." 

Mr. Marsallo previously worked at MF Global, starting the Agency Pass-through desk, and helped build out a mortgage team of more than 30 professionals.  Before he was at MF Global, Mr. Marsallo was a Managing Director at UBS from 1998 to 2008 and was head of the desk from 2006 to 2008. 

Mr. Schultz previously worked with Mr. Marsallo as Co-Head of the Pass-through desk at MF Global.  Before he was at MF Global, Mr. Schultz was Co-Head of Pass-through trading at Countrywide Capital Markets and held a similar role at Yamaichi from 1993 to 1997.

"Mike's and Mark's hiring is evidence of Daiwa's commitment to grow the MBS business through customer distribution," Ray Remy, Head of Fixed Income, said. 

About Daiwa Capital Markets

Daiwa Capital Markets America Inc. is a registered securities broker-dealer, a futures commission merchant, a primary dealer of U.S. Treasury securities, and a member of the New York Stock Exchange and other major U.S. exchanges.  Daiwa has been a primary dealer since 1986 and has been located in New York for more than 50 years. Daiwa currently focuses on sales and trading of Japanese, Asian and U.S. equities, fixed income instruments, and investment banking.

Contact:

Jim Perillo
Daiwa Capital Markets America Inc.
(212) 612-6474

SOURCE Daiwa Capital Markets America Inc.

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