Fortress Said to Hire Ex-RBS Trader Siegel in Mortgage Expansion
This article is for subscribers only.
Fortress Investment Group LLC hired Adam Siegel, a former trader at Royal Bank of Scotland Group Plc, to expand its mortgage business.
Siegel started this week as a managing director at $62.5 billion Fortress, according to a person with knowledge of the matter, who asked not to be named because the information is private. He was formerly co-head of mortgage and U.S. corporate trading at Edinburgh-based RBS’s securities unit, after joining in 2008 from Bear Stearns Cos., according to Financial Industry Regulatory Authority records.