Leonard joins from Bank of America, where he also headed pass-through trading and traded the 30-year conventional position. Based in New York, Leonard reports to Donald MacKinnon, head of structured credit trading and asset finance. Commenting on Leonard's hire, Najib Canaan, co-head of international fixed income, said: "[Leonard] is one of the most experienced and respected professionals in the pass-through area. His addition will serve to strenghten Nomura's ability to provide integrated financial solutions to our clients."
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