MCT Trading Inc., a San Diego, Calif.-based firm that provides mortgage pipeline hedging and risk management services, has hired Ben Itkin as senior trade desk executive. In this role, Itkin will be responsible for co-managing MCT's Trading Desk operations along with Philip Rasori, head trader and chief operating officer.
Prior to joining MCT, Itkin was the senior vice president for Bank of America's negotiated trade desk for the correspondent lending channel. Before that, he was the first vice president of negotiated trading for Countrywide Home Loans, where he also held the position of first vice president of bulk trading for its correspondent lending business.
Itkin also previously served as a senior brand manager in the warehouse lending unit at Indymac Bank.