Mortgage-Backed Securities

Management

Bryan Davis
Portfolio Manager

Bryan Davis

Portfolio Manager

Bryan is a portfolio manager and trader at Principal Global Fixed Income. Bryan leads the Securitized Products Group and is responsible for the agency mortgage backed securities sector performance and analytical framework, including developing and implementing analytical and regression models for the sector. Bryan joined the firm in 1993 as a servicing valuation director for Principal Residential Mortgage where he developed and tested the company’s proprietary prepayment models and option adjusted spread framework. Bryan then became the director of servicing hedging in 2002 and utilized swaps swaptions, mortgages, and CMOs to hedge the company's MSR portfolio with a notional amount of over $100 billion. In 2004, he became a portfolio manager responsible for the government sector of the firm's core plus portfolios. Bryan received a bachelor's degree in finance from the University of Iowa. He has earned the right to use the Chartered Financial Analyst designation and is a member of the CFA Institute.

Zach Gassmann
Portfolio Manager/Trader

Zach Gassmann

Portfolio Manager/Trader

Zach is a portfolio manager and trader for Principal Global Fixed Income and is responsible for the agency mortgage backed and asset backed securities sector performance. Additionally, he is responsible for developing and implementing analytical and regression models for the sectors. Zach joined the firm as an analyst on structured debt team in 2007 having covered a variety of structured debt sectors including agency mortgage-backed securities, asset-backed securities, and non-agency residential mortgage-backed securities. Previously, Zach was an investment analyst and a risk management consultant at Wells Fargo Financial. He received a master's degree in financial management from Drake University and a bachelor's degree in accounting from Simpson College. Zach has earned the right to use the Chartered Financial Analyst designation, and is a member of the CFA Institute and the CFA Society of Iowa.