"Howard Rubin was born in Massachusetts in 1955, growing up as the son of a researcher for Polaroid in Cambridge. His father's work meant the household placed a premium on technical and scientific thinking from the start. After high school, Rubin later studied chemical engineering at Lafayette College, earning a bachelor's degree in that discipline. After undergrad, Rubin earned an MBA from Harvard Business School, positioning him for a Wall Street career."
"Howard had a short stint in Vegas as a card counter, but In the early 1980s, Rubin entered the fixed-income and mortgage trading world, joining Salomon Brothers in 1983 (or thereabouts) where he began to build a reputation. At Salomon he applied an almost mathematical model to mortgage securities-tracking prepayments, structuring collateralised mortgage obligations (CMOs), and adopting the high-intensity pace of 1980s Wall Street trading"
"He then moved to Merrill Lynch in the late 1980s for a big compensation package. However, the trading world was also perilous. Reports show that at Merrill Rubin faced regulatory/executive issues: administrative proceedings via the Securities and Exchange Commission (SEC) related to selling large quantities of interest-only securities against supervisory instruction. He later joined Bear Stearns and later still Soros Fund Management, managing portfolios of mortgage‐backed securities and credit instruments."
Howard Rubin was born in Massachusetts in 1955 and grew up with a father who worked as a researcher for Polaroid. He earned a bachelor's degree in chemical engineering from Lafayette College and an MBA from Harvard Business School. Rubin entered mortgage trading in the early 1980s, joining Salomon Brothers around 1983 and applying mathematical models to mortgage securities, prepayments, and CMOs. He reportedly earned tens of millions early and moved to Merrill Lynch in the late 1980s. Rubin faced SEC administrative proceedings over selling interest-only securities against supervisory instruction. He later worked at Bear Stearns and Soros Fund Management, managed mortgage-backed and credit portfolios, married Mary Jullien Henry in 1985, and raised three children.
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