Amherst Securities Group, a financial services provider to institutional investors in the mortgage sector, has hired Dan Hoffman as head of sales.

Mr Hoffman will be responsible for managing Amherst’s fixed income sales group. He joined Amherst from Royal Bank of Scotland, where he had been managing director/sales since 2008, and brings more than 20 years experience in the fixed income and mortgage-backed securities sectors to the position. He will be based out of Amherst’s New York office.

Prior to working at Royal Bank of Scotland, Mr Hoffman was senior managing director at Bear, Stearns and Co, where he worked for 22 years.

Sean Dobson, chairman and CEO of Amherst, said: “With the markets continuing to show signs of improvement, we are thrilled to add such a seasoned fixed income professional as Dan. His experience and expertise, particularly as an effective sales force manager at both Royal Bank of Scotland and Bear Stearns, significantly strengthen our ongoing efforts to meet the growing needs of our institutional clients.”