Deutsche Bank Securities Inc. has picked up financial institutions group bankers from Lehman Brothers Inc. They include William Curley and Anthony Viscardi, managing directors who will lead Deutsche's coverage of the mortgage finance industry.

"We were fortunate to have brought them on board," says Jorge Calderon, Deutsche's global head of FIG. Calderon predicts a post-crisis hangover in both the government and private sectors that will lead to more M&A in the mortgage business. "Regulators have many assets they will need to liquidate or dispose," says Calderon. Financial institutions will have to ask themselves: "How big a player do we want to be in the mortgage space?"

Curley joined Lehman in 2002 through its acquisition of Cohane Rafferty Securities LLC, a boutique M&A advisory shop focused on mortgage banking. Curley helped found the firm in 1987 with Tim Cohane and Larry Rafferty, former mortgage traders who worked for Lewis Ranieri at Salomon Brothers.

Viscardi covered nonbank financial firms at Lehman. Last year, he and Curley advised GE Capital Solutions and Blackstone Group LP when the two attempted to take private PHH Corp., an auto lease and mortgage loan specialist. That deal died in January, when Blackstone faced debt-financing troubles.

Also joining Deutsche's FIG from Lehman were four bankers with mortgage experience: Matthew Monahan, a director; Peter Salwin, a VP; Daniel Zimbaldi, a VP; and Brendan Sheldon, an associate. Calderon says he sees the beefed-up mortgage group as a nice complement to Deutsche's financial sponsors team. "Financial sponsors are very interested in this sector," he says.