BNY Mellon Capital Markets Expands Treasuries And MBS Trading Desks

Mulholland brings nearly 20 years of trading experience to BNY Mellon Capital Markets, most recently with RBC Capital Markets. While there he served on the Treasury trading desk with Avram Altaras, who also has joined BNY Mellon Capital Markets. The MBS team is led by Dave Piersol as head of MBS sales and Joe Gaziano as head of MBS pass-through trading.

Piersol has held senior securities sales and relationship management positions for more than 25 years, including service with JP Morgan, Bank of America, Greenwich Capital, and Morgan Stanley. Other members of the newly recruited MBS sales team include David Clifford, whose 25 years of MBS sales and trading experience includes service with Barclays, Bank of America and Prudential Securities; Thomas Daly, with more than 30 years of experience and service with Morgan Stanley, Salomon Brothers, and Nomura Securities; and Sean Conroy, whose 10 years of experience in MBS includes both buyside and institutional sales, most recently with Nomura Securities.

Gaziano brings more than 20 years of trading experience to BNY Mellon Capital Markets, including service with Wells Fargo, Citigroup and Morgan Stanley. Other members of the MBS trading team moving to BNY Mellon Capital Markets include Nathan Baruch, previously with KeyBanc Capital Markets and UBS Securities; Bruce Graham, whose more than 20 years of experience includes service with BNP Paribas and Nomura Securities; and David Rios, who holds a PhD in statistics from Columbia University and whose more than 12 years of MBS experience includes service with Cantor Fitzgerald, BNP Paribas, Nomura Securities and Credit Suisse.

'We have significant financial strength during a period when confidence in counterparties is a paramount concern', said Gary Strumeyer, president of BNY Mellon Capital Markets. 'And as part of BNY Mellon, we also have a robust trading platform with extraordinary reach. Our growth strategy leverages both of these competitive advantages, attracting experienced professionals and enhancing our ability to serve clients across the full range of fixed income securities'.

A full-service wholly-owned non-bank broker-dealer subsidiary of The Bank of New York Mellon Corporation specializing in underwriting and sales and trading services, BNY Mellon Capital Markets, LLC (BNYMCM) (member FINRA, SIPC) provides securities services for large public and private corporations, various governmental and not-for-profit entities, and institutional and high-net-worth investors seeking efficient execution, industry expertise with timely and relevant market commentary, and a collaborative relationship.