Financial services firm launches CMBS trading

by Francis Monfort14 Nov 2018

Financial services firm BTIG has named Weston Friedman as a managing director and head of commercial mortgage-backed securities (CMBS) to lead the newly added CMBS desk within its Fixed Income, Currency, and Commodities division.

Friedman will be based in the firm’s New York office and will report into Drew Doscher and Darren Haines, managing directors and co-heads of fixed income credit at BTIG.

“Weston is a key hire as we expand our fixed income business into structured products. His experience on both the buy and sell side establishes a solid foundation for this team as we look to add more industry professionals to the desk,” BTIG COO Anton LeRoy said.

Before joining the company, Friedman was head of CMBS at Bay Crest Partners. Previously, he held a similar role at RBC Capital Markets. Earlier in his career, he was a member of the CMBS division at Brookfield Investment Management.

“We are pleased to add Weston to the team and confident that he will enrich our business,” Haines said. “He is a well-respected industry leader with extensive experience, and we believe that he will generate significant value for our clients.”