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Janney Taps Bear Stearns Execs to Lead New Whole Loan Initiative

""Janney Montgomery Scott LLC"":http://www.janney.com, a regional full-service financial services firm headquartered in Philadelphia, recently announced that it has named former Bear Stearns executive Brent Giese to lead the company's newly created whole loan initiative. Joining Giese is former Bear colleague, James Stauss.


The new practice compliments Janney's community bank business by providing customers with an additional tool to implement balance sheet strategies and assess legacy loan positions.

Giese and Stauss, both named managing directors at Janney, have nearly 50 years of industry experience between them. At Janney the two will team with existing financial institutions professionals to provide loan portfolio solutions and execution for clients in the banking sector.

For 10 years at Bear Stearns, Giese was a managing director and head of the mortgage origination group. His previous experience includes six years at both UBS and JP Morgan.

Stauss most recently was VP of institutional sales at Raymond James & Associates. Previously he spent four years as a managing director at Bear Sterns. He also spent time at PNC Mortgage Securities and GE Capital Mortgage Corporation.


""Buying and selling loans is a rapidly growing area for regional and community banks and this initiative allows us to further address the needs of our clients in a challenging market with a critical new capability,"" said Steve Genyk, managing director, head of fixed income at Janney. ""Brent and Jim are two of the industry's top whole loan experts. They represent the perfect compliment to our existing offerings by providing comprehensive solutions to mitigate loan issues and losses.""

The appointments of Giese and Stauss are part of a broader expansion as Janney also added three veterans to its fixed income sales and trading practice in recent months.

Katrina Griessman was hired as a director, fixed income sales, in Atlanta, Georgia. She joins Janney with more than 25 years in the industry. Most recently she was with Atlanta-based fixed income boutique Angel Oak Capital Partners. Previously Griessman was at Keefe Bruyette & Woods as SVP of institutional fixed income sales, and UBS (Paine Webber) as SVP of global fixed income sales.

Austin Derris also joins Janney in an institutional sales role, after several years on Merrill Lynch's institutional fixed income sales team. At Janney, he will serve as a VP located in Boston, Massachusetts.

Christopher Moses rounds out the firm's recent hires, joining the firm as VP of non-agency mortgage-backed securities (MBS) trading. Moses most recently served as VP at Bank of America Merrill Lynch. He also served in trading roles at Washington Mutual Capital Corporation and the Winter Group earlier in his career.

Janney's capital markets unit has added a total of 55 professionals in the past year, representing a net 42 percent increase. Janney says its expanded staff demonstrates the firm's ongoing commitment to aggressive growth while providing deeper service and expertise to its client base.

About Author: Carrie Bay

Carrie Bay is a freelance writer for DS News and its sister publication MReport. She served as online editor for DSNews.com from 2008 through 2011. Prior to joining DS News and the Five Star organization, she managed public relations, marketing, and media relations initiatives for several B2B companies in the financial services, technology, and telecommunications industries. She also wrote for retail and nonprofit organizations upon graduating from Texas A&M University with degrees in journalism and English.

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