Former Amherst executive rejoins firm from
Santander US Capital Markets
NEW
YORK, June 25, 2024 /PRNewswire/ -- The Amherst
Group ("Amherst"), a real estate investment, development and
operating platform specializing in residential assets, today
announced that Paul Nicholson has
joined the firm as the Deputy Chief Investment Officer, effective
immediately. In this newly created role, Mr. Nicholson will work
alongside Chairman, Chief Executive Officer and Chief Investment
Officer Sean Dobson in the
development and execution of investment strategies and will lead
Amherst's Mortgage-Backed Securities (MBS) business which manages
over $3.5 billion of client
assets.
Mr. Nicholson joins from Santander, where he was the Chief Risk
Officer of Santander US Capital Markets, a role he has held since
Santander's acquisition of Amherst
Pierpont. He first joined Amherst Securities Group in 2004
as Co-Head of the MBS trading desk and was instrumental in the
merger of Amherst Securities Group and Pierpont in 2014. Following
the merger, Mr. Nicholson was responsible for all aspects of
market, credit and operational risk across the Amherst Pierpont
Securities enterprise as Chief Risk Officer until the acquisition,
which closed in 2022. Prior to Amherst, he worked at Merrill Lynch
for over 20 years where he held a variety of senior trading roles
across fixed income.
"We continue to see a massive and scalable investment
opportunity in MBS as a result of diminishing demand from both
banks and The Federal Reserve, and Paul's unrivaled expertise in
this space will allow us to further optimize our platform," said
Mr. Dobson. "Amherst's deep understanding of the equity and debt
sides of the housing market enables us to best capitalize on this
opportunity and deliver value to our investors. I am thrilled to
welcome Paul back to Amherst."
"Having spent nearly 17 years at Amherst, I have seen firsthand
how the investment platform has grown, and I am excited to re-join
at this pivotal moment for the firm and the real estate industry as
a whole," said Mr. Nicholson. "As investors are increasingly
looking outside of traditional real estate strategies, I look
forward to working closely with Sean and the leadership team to
continue to build on the success of the firm as a real estate and
capital markets leader."
Mr. Nicholson's responsibilities will include investment
decision-making, operations and risk management across Amherst
investment strategies, as well as overseeing capital planning,
liquidity and risk management for Amherst-managed investment
vehicles.
About Amherst
The Amherst Group ("Amherst") is a diversified data-driven
investment management platform at the crossroads of global capital
markets and U.S. real estate, offering strategies up and down the
real estate capital stack. Amherst manages $18.6
billion* of AUM deployed across real estate equity and debt
strategies in single-family rental (SFR), commercial real estate
(CRE), and mortgage-backed securities (MBS).
Today, Amherst has more than 1,000 global personnel
working to create value and provide an excellent experience for the
investors, residents, and the communities it serves. To learn more,
visit Amherst.com.
*As of April 30, 2024
Media Contact:
Prosek Partners
pro-Amherst@prosek.com
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SOURCE The Amherst Group