Broker Staffs Up for Structured-Finance Push
U.S. Financial Investments is starting a sales-and-trading team focused on structured products.
The New York broker-dealer already has hired a number of personnel for the effort, including group head Peeyush Varshney. He arrived last week as a managing director, following a stint as head of sales and trading at Fort Lauderdale, Fla., asset manager AmericaVest. Varshney also has held similar posts at Auriga USA, Morgan Joseph, Goldman Sachs, Sandler O'Neill and J.P. Morgan.
Joining U.S. Financial at the same time: Sumit Chhabra, previously of Barclays; Robert Kaplan, formerly of Alfa Bank; Ryan Linski, most recently of Tejas Securities; and Raj Nandkumar, from Credit Suisse. Varshney may hire a few more sales professionals and traders in the coming month.
His team plans to deal in asset-backed securities, mortgage bonds and collateralized debt obligations. The effort places U.S. Financial among a number of brokerage shops that have started similar efforts in recent years.