RBS Greenwich Capital, Greenwich, Conn., has announced an expansion of its mortgage business via the addition of 16 professionals to its mortgage-backed securities team, 15 of them from Bear, Stearns & Co. Leading the new hires is Scott Eichel, who will co-head asset-backed and mortgage trading with RBS veteran David Cannon. The other 15 new employees include seven traders and eight salespeople who join RBS's institutional MBS sales team, the company said. RBS, a wholly owned subsidiary of The Royal Bank of Scotland, can be found online at http://www.rbsgc.com.
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