SAN DIEGO, Calif., May 25, 2012 – MCT Trading, Inc. (MCT), a recognized leader in mortgage pipeline hedging and risk management services, announced that it added Tawab Abawi to its capital markets trading team.
Tawab comes to MCT from Bank of America where he was a vice president on the negotiated trade desk for its correspondent lending group within the home loans and insurance division. His primary responsibilities at the bank included maximizing revenue, minimizing risk and increasing market share for clients nationwide. He has a strong track record for developing and maintaining relationships with hundreds of correspondent lenders, financial institutions and numerous hedge advisory firms.
He has extensive experience in loan trading, secondary marketing, correspondent lending, risk and margin management, financial modeling and analysis, forecasting and planning, transaction management, asset-based lending and financial reporting. In addition to being a senior trader on the negotiated desk, Tawab also held the positions of assistant vice president and senior pricing analyst while at Bank of America.
“Bringing Tawab on board adds yet more depth to our already experienced trading team,” said Curtis Richins, president of MCT. “As MCT continues to grow and help lenders transition from a best efforts to mandatory loan sales, we want to ensure that we maintain superior service and close working relationships with clients. Being well-staffed with senior traders such as Tawab allows us to dedicate an individual market analyst to each and every one of our customers.”
Abawi holds a Bachelor of Science in Business with a major in Finance and a concentration in Financial Risk Management from Virginia Polytechnic Institute and State University (Virginia Tech).