In this week’s episode of The Freshly Squeezed Podcast, host Tom Lemmon spoke to Daniel Ezra, CEO of Entegra – a Trading as a Service (Taas) provider, specializing in structured products.

Graduating from Harvard in 1998, Ezra joined Credit Suisse’s non-agency RMBS trading desk and went on to spend over 26 years at the bank where he eventually became Global Head of Securitized Products Trading. In the throes of the 2008 global financial crisis, Ezra’s team was one of the few departments that achieved profitability, while he also pioneered the MASCOT (Modifiable and Splittable or Combinable Tranches) structure in CLOs.

After Credit Suisse’s collapse, Ezra founded Entegra with the aim of reinvigorating the trading function for banks. And in this podcast, he discussed how Entegra works, why structured finance needs a better trading function, and shared the most crucial bits of wisdom he’s acquired in his near 30-year career.