CRT Capital Group has purchased the institutional sales and trading platform of Braver Stern Securities. The expanded group will target agency and non-agency residential and commercial mortgage-backed securities, asset-backed CDOs and mortgage-backed pass-through securities.

Braver Stern’s head of institutional fixed income trading Joseph Valentine will become co-head of the securitized products group at CRT along with Jeffry Mullins. Braver Stern’s Rus Margolin will also join CRT’s existing securitized products platform as head of non-agency trading reporting to Mullins.