Amherst Securities Group, a financial services provider to institutional investors in the mortgage industry, tapped a 22-year Bear Stearns veteran to lead the fixed-income sales group. Dan Hoffman brings more than 20 years of experience in fixed income and mortgage-backed securities to the position at Austin, Texas-based Amherst. In his role at Bear Stearns, Hoffman was responsible for all residential mortgage products, asset-backed securities and commercial mortgages. He joins Amherst from Royal Bank of Scotland Group (RBS) where he served as managing director of sales since 2008. “With the markets continuing to show signs of improvement, we are thrilled to add such a seasoned fixed income professional as Dan," said Amherst chairman and CEO Sean Dobson in a press release. "His experience and expertise, particularly as an effective sales force manager at both Royal Bank of Scotland and Bear Stearns, significantly strengthen our ongoing efforts to meet the growing needs of our institutional clients.” Hoffman will work from Amherst's New York office. Write to Diana Golobay. Disclosure: the author holds no relevant investments.