Greg Jacobs, managing director of Non-Agency and Commercial Trading and co-head of the company's Commercial Assets Group, made the announcement. "We started to take a look at getting into the CDO business a few months back," Jacobs says. "This is a natural extension of our expertise. We are starting to see more CDOs in the asset-backed arena." He adds that the new CDO Group will be looking to trade and issue CDOs for its clients.
Matera, who previously worked with CSFB/DLJ and successfully established DLJ's CDO presence in 1998, is seen as a major asset to the new CDO Group that will eventually employ six to nine people. Matera, who holds a B.A. in economics from Tufts University and an M.B.A. from the Wharton School, has also spent several years trading both mortgage and asset-backed securities for the company.
"Fred has significant experience in CDOs, both on the capital markets and trading side of the business," Jacobs relates. "With his institutional knowledge and broad range of experience in fixed income securities, he can assist us to build our team. We are delighted to have him as a member of the firm."
Jacobs reports that Greenwich Capital successfully closed its first CDO transaction recently. He says the company was co-manager on a $475 million "pinstripe" transaction with First Boston, which served as the lead manager and Alliance Capital, which was the asset manager on the deal.
Greenwich Capital Markets, which employs approximately 551 employees at its corporate headquarters at 600 Steamboat Road here, is a major primary dealer in US government securities, as well as in the sales and trading of agency and asset-backed securities as well as in the asset/consumer finance and commercial mortgage securitization markets.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
