Deutsche Bank AG has hired former Bear Stearns Cos. strategist Steve Abrahams as head of its securitization and mortgage-backed securities research.
He arrives after founding Citadel Capital Advisors following Bear Stearns' near-collapse two years ago and purchase by JPMorgan Chase & Co., Michele Allison, a spokeswoman, said Friday. Abrahams had been global head of liquid-product strategy at Bear Stearns, a top underwriter and trader of mortgage- and asset-backed bonds.
Abrahams joins Dominic Konstam, who had been Credit Suisse Group's global head of interest rate research, as part of the team of Marcel Cassard, Deutsche Bank's global head of macro and fixed-income research.
Karen Weaver, Deutsche Bank's last global head of securitization research, and Arthur Frank, its last head of mortgage-backed securities research who focused on so-called agency home loan securities, both recently left the company, Allison confirmed. Weaver is retiring, she said.