Deutsche Bank hires UBS mortgage unit

Deutsche Bank Securities has hired three New York-based mortgage specialists from UBS – Troy Dixon, Keith Willard, and Cyle Berwanger. The new hires will expand the firm’s pass-through mortgage trading group in its global markets division, with Dixon joining as head of the group, Willard as a director, and Berwanger as an associate.

Dixon will report to both Anileseh Anhuja, head of residential mortgage-backed securities, and Jon Kinol, head of rates trading for North America

“We believe that aligning mortgage trading with our rates derivatives business will better meet the needs our customers, whose trading ideas and strategies often involve both asset classes,” said Kinol.

At UBS, Dixon was executive director and head of pass-through trading, and Willard was a director of pass-through trading of specified mortgage pools.