Cantor Fitzgerald & Co. announced the expansion of its mortgage-backed securities (MBS) sales and trading team with the appointments of Cass Tokarski as senior managing director and head of mortgages and asset-backed securities, and James Murray as managing director, who are both joining from RBS. Tokarski will be responsible for broadening and expanding Cantor's already significant presence in the business. Murray will be focusing on agency ARM (Adjustable-Rate Mortgage) trading.
"I am very excited to welcome these highly respected professionals to the Cantor team and expect that their extensive experience and strong industry relationships will immediately contribute to the Mortgage business. Cass' leadership and knowledge of the mortgage market will be an enormous asset to our effort as we continue to expand and enhance this important product area," said Shawn Matthews, chief executive officer, Cantor Fitzgerald & Co. "We are firmly committed to growing our global sales and trading capabilities to ensure that clients are provided with the highest level of service and value add insight across the industry."
"Cantor has built a strong mortgages group that has expanded significantly over the years. I look forward to contributing to the continued growth of the Mortgage sales and trading team," said Tokarski.
Torkarski joins Cantor from RBS, formally Greenwich Capital Markets Inc., where he ran the CMO business. Prior to a decade of trading various mortgage products at RBS, he held several trading positions at UBS and Goldman Sachs.
Murray was previously director at RBS and is a CFA Charterholder.