Paul Nicholson has joined The Amherst Group, a real estate investment, development and operating platform specializing in residential assets, as deputy chief investment officer.
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, 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.
In his newly created role with Amherst, Nicholson will work alongside Sean Dobson, chairman, CEO and chief investment officer, 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.
“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,” Dobson says in a release. “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.”
Photo: Cytonn Photography