HSBC adds to US government bond team.

Financial News, July, 2003

Byline: Vivek Ahuja

HSBC has strengthened its government bond team in New York with the hire of Ralph Axel from Lehman Brothers as a US government strategist.Axel's hire is in line with HSBC's strategy to build up its government bond franchise and follows the addition of Andrew Lombara in February as head of government bond trading. Lombara was previously head trader on the zero coupon bond desk at Merrill Lynch in New York.

Axel joins HSBC Securities in the US as a senior vice president reporting to Lombara. He will focus on developing relative value trading strategies across several markets including treasury, cash, futures and derivatives. He will also join HSBC's global fixed income strategy group.

Axel previously held a similar role at...

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