Patrick Beranek, a 20-year industry veteran and most recently the head of Asset-Backed trading for Royal Bank of Scotland (RBS) has joined Mischler Financial’s capital markets division as Managing Director, Structured Products.
Beranek previously ran asset-backed trading and syndicate for Mizuho Financial Group Inc. and Bank of America Corp. Prior to those senior sell-side roles, Beranek was a portfolio manager for Federal National Home Mortgage Corp (FNMA). In this newly-created role at Mischler Financial, Beranek will oversee primary market activities of structured products. He will report to Robert Karr, Mischler's Head of Capital Markets.
Karr says: "The ABS market has undergone a dynamic reset during the past several years, creating new opportunities. Given current economic drivers, a longer-term interest rate outlook and the demand for quality, non-core fixed income instruments, we're confident that Pat will prove instrumental in the course of elevating Mischler's role in the primary market for structured products and help bring compelling opportunities to our institutional investor base."
Added Dean Chamberlain, CEO of Mischler Financial, adds: ”We are very pleased to add Pat to our team. Having worked with him before, I know that he has a unique skill-set that will further bolster our structured finance capabilities."
