Broadpoint Adds Five

Broadpoint Capital, Inc., a New York broker-dealer subsidiary of Broadpoint Securities Group, Inc. said Chris Lau, Ryan King, Brian Horan, Joseph Lyons, and Mike Regan have joined Broadpoint DESCAP, its mortgage-/asset-backed security and rates division. Mr. Lau, a former managing director on RBS Greenwich Capital's commercial MBS desk, joins Broadpoint as a managing director of the CMBS group. Mr. King, previously associate director of ABS trading at Barclays, is joining Broadpoint's ABS trading group. Mr. Horan, previously a trader of adjustable-rate mortgage products at GMAC-RFC, joins Broadpoint as a director of MBS trading and marks Broadpoint's further expansion into a greater presence in the agency ARM market. Mr. Lyons, previously an executive director of the fixed income structured credit sales group at Morgan Stanley, joins the sales group of the division. Mr. Regan, former director at Bank of America, joins the sales group of the division. Mr. Regan started his career as a mortgage originator at Citimortgage and he managed a team of four covering hedge funds, money managers and insurance companies while at Bank of America.