SPM hires Deutsche Bank alum

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Structured Portfolio Management, a $1.3 billion credit shop, announced Tuesday that Charles Smart is joining the firm as senior vice president of trading and portfolio management.

Smart will focus on prepayment risk and credit modeling, as well as developing derivative analytics to value mortgage-backed securities.

“As opportunities in the mortgage-backed securities space grow, Charles’ understanding of the market will be extremely beneficial to SPM,” said chief executive officer Don Brownstein.

Smart joins SPM after five years at Deutsche Bank where, most recently, he was a director trading agency and non-agency mortgage-backed securities derivatives. He was involved in developing models and