MCT Trading, a hedging and risk management firm in the mortgage industry, hired Kerry Masterson as regional director.

Masterson will be responsible for growing and managing the Midwest territory.

Masterson has a background in correspondent and wholesale lending. Before joining MCT, he was an account executive at PHH Mortgage. Prior to PHH, he held several positions in the correspondent division of Citi Mortgage.

MCT Trading provides analysis, training, hedging strategy and loan sale execution support to clients engaged in the secondary mortgage market.