KNG Securities secures Armando La Morgia to head fixed income team
London-based KNG Securities, the independent fixed income specialist, has named Armando La Morgia to its fixed income team as the firm builds its presence in the asset-backed securities market.
La Morgia has considerable structured finance marketplace and will play a key role in developing KNG’s capabilities within the asset-backed securities trading and client solutions business, the firm said.
He joins from Hemera Capital Management where he focused on UK, European residential mortgage-backed and consumer asset-backed securities.
He has also been a director within Merrill Lynch’s Global Proprietary Trading in charge of asset-backed securities portfolio management and headed the Principal Investment Team within the Global Structured Finance Group. He started his career at Morgan Stanley as an asset-backed securities structurer.
KNG Securities has also recently hired Thomas Saler and Gabrielle Balducci for the fixed income team.
Andrea Podesta, head of Fixed Income at KNG Securities, said the last three months, with eight new hires in total, have been a period of considerable growth “as we have successfully taken advantage of the wealth of talent in the marketplace, and aligned our ethos and product offering with clients’ evolving needs in the wake of the financial crisis.”
Established in 2003, KNG Securities LLP is an independent fixed income specialist, dealing in a range of products across fixed income, convertible bond and debt capital markets.