Barclays has promoted Adam Yarnold as head of US securitized products trading, according to Reuters.
Yarnold will have management oversight for all of Barclays’ securitized products trading desks in the US, including agency RMBS, agency CMBS, residential credit, whole loans, US CMBS and US ABS, a person with knowledge of the promotion told Reuters.
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Yarnold will continue to be based in New York and will report to Scott Wede, head of global securitized products trading at the bank.
The role Yarnold is taking on has been vacant since Wede was promoted to his global role at the end of last year.
Yarnold joined Barclays in 2009 from Braver Stern and has been a managing director in the non-agency mortgage credit business ever since.
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