(Reuters) - Looking for a trouble-shooter, the investment bank has
turned to Thomas Marano, head of the firm's mortgage department
and an expert in specialized mortgage securities, a source
familiar with the funds disclosed on Tuesday. Marano's mandate
is to help Ralph Cioffi, the current manager, put one of the
funds back on its feet.
"I can't think of anyone in their whole operation, maybe in
the world, who understands about different types of mortgages
and different types of lending features than Tom," said a
senior trader who used to work with Marano at Bear Stearns.
Read more at Reuters.com Bonds News
turned to Thomas Marano, head of the firm's mortgage department
and an expert in specialized mortgage securities, a source
familiar with the funds disclosed on Tuesday. Marano's mandate
is to help Ralph Cioffi, the current manager, put one of the
funds back on its feet.
"I can't think of anyone in their whole operation, maybe in
the world, who understands about different types of mortgages
and different types of lending features than Tom," said a
senior trader who used to work with Marano at Bear Stearns.
Read more at Reuters.com Bonds News
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