Ammar Pharaon, fixed income marketer at HSBC in London, has left the firm. Neil Brazil, spokesman for HSBC, confirmed Pharaon had left his role in institutional credit derivative sales and said the firm is not in a position to comment on his replacement. Pharaon could not be reached.
Market buzz has connected Pharaon with a role at Dresdner Kleinwort Wasserstein. Peter Fitzpatrick, spokesman for Dresdner, declined to comment.