CEO believes mortgage-backed securities business will be "in good hands"
The Amherst Group, a real estate investment firm, has announced the appointment of Rahul Grover as portfolio manager of mortgage-backed securities (MBS).
In the role, Grover (pictured) will work with portfolio manager Eric Seaholtz to co-head Amherst’s MBS portfolio. Grover’s responsibilities include asset selection, risk management, and transaction execution.
“Amherst has always been a pioneer in data science, and our loan-level data set, and analytical tools have differentiated us in the mortgage-backed securities sector through multiple market cycles,” said Amherst chairman and CEO Sean Dobson. “Rahul’s experience and expertise in portfolio management positions him well to manage our existing portfolio and to continue to grow the derivatives business. The foundations of the Amherst platform are anchored in mortgage-backed securities, and we believe this signature business and our team are in good hands with Rahul.”
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Grover joins Amherst after 16 years at E*TRADE Financial, most recently as managing director for portfolio management. There he was responsible for the management and investment strategy of the fixed-income portfolio, as well as for the firm’s long-term strategic planning.
“Amherst is one of the most respected names in mortgage-backed securities, and I’m honored to join a firm with such a strong track record and reputation for client service,” Grover said. “The US housing market is evolving quickly, and I believe Amherst holds an information advantage through its foundational analytics capabilities. I look forward to stepping into this important role and leveraging the company’s proprietary tools to expand its fixed-income strategies.”
