LONDON, UNITED KINGDOM--(Marketwire - Feb. 13, 2013) - KNG Securities, the independent fixed income specialist, today announces the appointment of Armando La Morgia to its fixed income team as the firm builds its presence in the asset-backed securities market.
Armando brings with him a wealth of experience across the structured finance marketplace and will play a key role in developing KNG's capabilities within the asset-backed securities trading and client solutions business. He joins KNG Securities having previously held the position of Senior Portfolio Manager at Hemera Capital Management where he focused on UK, European residential mortgage-backed and consumer asset-backed securities. Armando was a Director within Merrill Lynch's Global Proprietary Trading in charge of asset-backed securities portfolio management and also headed the Principal Investment Team within the Global Structured Finance Group. Armando started his career at Morgan Stanley as an asset-backed securities structurer.
Today's news follows the recent appointments of Thomas Saler and Gabrielle Balducci to KNG's fixed income team. It is the business' eighth hire in the last three months highlighting KNG's strategy to take advantage of the migration of experienced executives from bulge bracket firms to client-focused, specialist platforms.
Commenting, Andrea Podesta, Head of Fixed Income at KNG Securities, said: "We're delighted to welcome Armando to KNG Securities. His experience within the asset-backed securities market will be extremely important in developing KNG's presence in this key sector for our fixed income growth. In addition, Armando will be heading our credit solutions business which complements our existing interest rates solutions capabilities.
"The last three months have been a period of considerable growth for KNG as we have successfully taken advantage of the wealth of talent in the marketplace, and aligned our ethos and product offering with clients' evolving needs in the wake of the financial crisis."
About KNG Securities
KNG Securities LLP (KNG) is an independent fixed income specialist, dealing in a range of products across fixed income, convertible bond and debt capital markets. Established in 2003, KNG combines the international experience of its principals with a personal, unbiased and client-focused approach to provide a first class service to its institutional client base. Headquartered in London, KNG employs a unique cross-regional model to generate liquidity in mixed market conditions, especially for less liquid assets. For more information visit www.kngsecurities.com.