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Wunderlich Hires 25 Expanding Its Presence in Mortgages

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MEMPHIS, TENN., April 14, 2014 (GLOBE NEWSWIRE) -- Wunderlich, a leading full-service investment firm headquartered in Memphis, today announced that 25 mortgage-focused institutional sales and trading professionals from Banc of Manhattan Capital have joined the Firm. These mortgage industry veterans are located in Los Angeles and New York. "These talented individuals have the ability to originate and trade all forms of mortgage-related fixed income products including whole loans," said Gary Wunderlich, CEO of Wunderlich Securities.

Peter Harrison, Senior Managing Director, will head the unit. "We are very excited to join Wunderlich Securities. The new effort will bring substantial balance sheet strength to the sector, greatly enhancing our ability to grow mortgage backed securities trading, whole loan trading and our ability to provide liquidity to the mortgage finance industry."

Tad Dahlke and Hal Hermelee, Senior Managing Directors, will co-head the sales effort. "Wunderlich is a proven franchise that will allow us to continue to build upon our level of service and drive to meet the needs of our clients. We will be looking to build upon our strong ties with mortgage bankers and institutional investors, while actively growing the sales team."

Brian Cushman, Head of Fixed Income Capital Markets said, "This group's experience in Mortgage markets will be a welcomed addition to our current platform and in line with our objectives for fixed income capital markets. Wunderlich Securities will now be positioned to service our clients in MBS and whole loan sales and trading, in addition to our existing business in US Treasuries, Agencies, Corporates , High-Yield, Converts, Brokered CD Underwriting and Municipals. Our clients will benefit from Mortgage/Fixed Income Advisory, valuation services, mortgage strategy and market analysis." According to Mr. Cushman, "Wunderlich will continue to aggressively grow our fixed income business and distribution, in all product areas, by hiring experienced groups and/or individual professionals with strong client relationships and a deep understanding of the current marketplace."

About Wunderlich Securities

Established in 1996, Wunderlich is headquartered in Memphis, TN. The Firm caters to individuals, corporations, non-profit organizations and institutional clients with wealth management, fixed income sales and trading, equity research and investment banking services. Wunderlich has 30 offices in 16 states and more than 500 associated professionals. For more information visit our website at www.wunderlichsecurities.com.

CONTACT:Robin Oegerle Director of Marketing 410-369-2631 roegerle@wundernet.com

Source:Wunderlich Securities