Deutsche Bank has appointed Ben Solomon as head of commercial mortgage-backed securities (CMBS) trading, Bloomberg reports. In his new role, Solomon will be responsible to run secondary commercial mortgage-backed bond trading.
Prior to this, Solomon traded derivatives tied to commercial real estate loans at New York-based Goldman Sachs. Wall Street firms have issued nearly $8 billion of CMBS to date in 2011, compared with $11.5 billion in all of 2010.
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