Fortress Investment Group LLC named managing director and securitized portfolio products manager Greg Finck to head a newly created mortgage and ABS portfolio strategies team within the firm's asset management unit.
Finck will lead dedicated structured product activities, focusing on residential MBS and ABS markets, at the asset management unit, Logan Circle Partners.
He was most recently portfolio manager with responsibility for RMBS and ABS within Fortress Credit funds. Prior to joining Fortress, Finck was a managing director responsible for mortgage securitization and secondary trading of RMBS at Goldman Sachs & Co.
Earlier this month Fortress director and veteran MBS trader Howard Rubin retired from the board of the company, which has as its CEO former Fannie Mae CEO Daniel Mudd. David Barry, president of privately-held real estate development and management company Ironstate Development, Hoboken, N.J., replaced Rubin on the board.
