INTL FCStone Financial, the fixed income division of the similarly names group company, has appointed Grant Garcia as its director of structured product sales.
As updated on his Linkedin profile, the appointment has taken an immediate effect.
He will be responsible for covering asset manager, hedge fund, and bank portfolio clients trading new issues and secondary agency mortgage and private-label securities.
An expert in structures products
Garcia has almost nine years of working experience with financial giants and is a securitized product sales professional.
His appointment came as the company is continuing to expand its structured product offerings to institutional clients.
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Garcia has joined INTL FCStone from Bank of America Merrill Lynch. There he spent the last two-and-a-half years as a director handling the bank’s securitized product sales with a focus on Agency MBS products: TBA, specified pool, ARM, CMO, and derivatives, as seen on his Linkedin.
He particularly handled the business of money managers, hedge funds, bank portfolios, bank servicers, and pension funds, with additional coverage responsibilities to mortgage originators, insurance companies, REITs, and GSEs.
He also spent one-year-and-five months at Bank of America Merrill Lynch as vice president.
Garcia started his career with Credit Suisse in securitized product sales, covering a broad list of institutional investors across all agency and non-agency mortgage and asset-backed securities.
He is a business administration graduate from Robins Schol of Business at the University of Richmond and completed his masters from the same.
Earlier this month, INTL FCStone announced the closure of its $350 million in aggregate principal amount of Senior Secured Notes due 2025 offering, Finance Magnates reported. It also acquired Gain Capital in an all-cash transaction.