GoldenTree Adds Goldman Mortgage Trader

Aug 7 2012 | 1:09am ET

GoldenTree Asset Management has hired a former Goldman Sachs trader as it seeks to build its mortgage-backed securities trading.

Deeb Salem was head of non-agency mortgage securities trading at Goldman before his departure in May. He spent 11 years at the bank, including stints as head of single-name credit-default swaps referencing mortgage-backed securities trading in 2007. He started at GoldenTree this week.

“The mortgage space for us is a good opportunity and we’re building up our team,” GoldenTree chief investment officer Steven Tananbaum told Bloomberg Television. Non-agency mortgage-backed securities offer “probably the most upside in structured products,” he added.

Tananbaum called Salem an “honest” and “high-integrity guy.”

Tananbaum said new regulations and other changes on Wall Street have made hiring people like Salem easier. “The firms’ behavior has changed and because of that they’re more open-minded.”

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...