BLOOMBERG - CRT Capital Hires Strategists Ader, Lyngen From RBS Securities

June 8 (Bloomberg) -- CRT Capital Group LLC said fixed- income strategists David Ader and Ian Lyngen will join the firm from RBS Securities Inc. as part of efforts to become one of the primary dealers that trade with the Federal Reserve.

"Our goal is to become one of the top five dealers," Benjamin Carpenter, chairman of Stamford, Connecticut-based CRT, said in an interview. "We will put in an application to the Federal Reserve within the next six months."

Ader, who was ranked first the past three years by Institutional Investor magazine in the U.S. Government Strategies category, will join CRT as a principal and head of government bond strategy. He was head of U.S. government bond strategy at Stamford, Connecticut-based RBS, one of the Fed's 16 primary dealers. Lyngen will join as a principal in the government strategy group after serving as an interest-rate strategist at RBS.

Marx Bowens III is also coming to CRT as head of the U.S. Treasury and agency department. While at RBS, Bowens was a trader and managing director. Jay Moskowitz, a former trader at RBS, will join as a principal. All will begin work in July.

Carpenter, who spent 22 years at the former RBS Greenwich Capital and the predecessor firm, joined CRT in mid-May, he said. He most recently served as vice chairman at RBS Greenwich. A group of investors that included Carpenter purchased a controlling interest in CRT on June 1, he said.

Lyngen declined to comment after being reached by phone. Ader confirmed his departure. Rohini Pragasam, spokeswoman at RBS, confirmed the departures. Royal Bank of Scotland Group Plc, parent of RBS Securities, said in April it was moving New York employees to Stamford, where the Edinburgh-based bank is centralizing U.S. operations. RBS also moved employees from Greenwich, Connecticut, offices to Stamford, Connecticut, and renamed the Greenwich Capital Markets Inc. broker-dealer business RBS Securities Inc.

To contact the reporter on this story: Susanne Walker in New York at swalker33@bloomberg.net.