LONDON May 1 HSBC has hired government
bonds and derivatives trader Pasquale Cataldi to run one of its
rates trading divisions, two people familiar with the matter
Cataldi, who left Deutsche Bank last year for a
stint at Bank of America Merrill Lynch in London, will
be in charge of European flow rates trading at HSBC, the people
HSBC declined to comment.
Cataldi was at Deutsche for 10 years, including as head of
European government bond and swaps trading. In 2009, Cataldi
took up Deutsche's seat on the board of MTS, the London Stock
Exchange's European bond trading platform.
HSBC said last week it would be cutting 2,200 jobs in
Britain, after shedding almost 7,000 staff globally last year.
The bulk of this latest round of cuts will fall in the retail
business and other functions such as head office, after HSBC
made layoffs in its investment bank in 2011.