Deutsche hires Letica to head agency CMO trading

The German bank hired Letica from Bank of America, where he was a managing director in CMO trading. In his new role, he will work as a managing director in Deutsche’s residential mortgage group. He will report to Jon Kinol, head of fixed-income derivatives and Fred Brettschneider, global head of securitised products trading.

Kinol said Deutsche is committed to expanding its residential mortgage business. It has also hired Charles Smart as a director and senior CMO trader. Prior to joining Deutsche, Smart held positions in the CMO groups at First Tennessee Financial Group and Nomura Securities.

Other mortgage-backed securities (MBS) hires in the past 12 months include G Nicholas Mestanas and Dan Levene, as head of agency MBS trading and senior MBS trader, respectively. Both joined from Goldman Sachs. Deutsche also hired Eric Londa as head of CMO trading from Countrywide Securities, and senior MBS derivatives trader Felix Partow from Nomura Securities.

  • LinkedIn  
  • Save this article
  • Print this page  

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: