| Amherst Holdings, LLC, a leading financial services provider for institutional investors in the mortgage industry, announced today that it has established a new subsidiary in Hong Kong, Amherst International Limited (AIL). The company was formed to provide the business with institutional investors throughout Asia and the leverage effect Amherst knowledge of fixed income securities, particularly in the Residential Mortgage-Backed Securities (RMBS). Through its new subsidiary, Amherst is a deepening of relations with its global customers and offer them better access to its disciplined investment approach and leading analytics.|
The establishment of Amherst International marks Amherst’s first international venture. AIL is veteran banker Paul Kan, the company as CEO. Mr Kan to Amherst from Lehman Brothers' Hong Kong office, where he worked for several years as Senior Vice President and senior trader of mortgage-backed securities and securitized products for Asia. During his time at Lehman, Mr. Kan was responsible for trade and the coordination the implementation of MBS trading with Lehman's New York trading desks. Prior to joining Lehman, Mr. Kan was a member of the Mortgage Trading Group at Donaldson, Lufkin & Jenrette, where he structured and traded agency and non-GMO agency in New York. He studied at the Massachusetts Institute of Technology with a Bachelor of Science in mathematics and political science.
“Establishing a presence in Hong Kong is an important and exciting milestone for Amherst and one that we have been eagerly anticipating,” said Sean Dobson, Chief Executive Officer of Amherst Holdings. “We see a tremendous potential to grow our business in Asia and establishing a presence in Hong Kong gives us an important inroad into that market. Our clients in Asia will benefit from Amherst’s superior analytic research and our extensive experience with the RMBS market. Paul brings impressive fixed-income experience and an incredible knowledge of the investor landscape in Asia. In Paul, Amherst’s customers in Asia will find a dependable professional with extensive capabilities and access.”
From his office in Pacific Place Three on Queens Road East Hong Kong, Amherst International will focus on facilitating securities transactions in the United States between the Asian and Amherst the broker-dealer, affiliate, Amherst Securities Group, LP. AIL has licenses from the Hong Kong Securities and Futures Commission. The firm expects additional sales to customers throughout Asia, with emphasis on China, Taiwan and Japan. The establishment of the Hong Kong company comes at a time of great momentum in Amherst, which has grown steadily in recent months, after the opening of additional offices in the United States and attracting some of the top sellers, traders and analysts in the industry for RMBS the company.
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