Todd White, head of pass-through trading at Lehman Brothers in New York, is headed to HSBC to become head of MBS trading. White, a Lehman veteran, could not be reached.
Kerrie Cohen, spokeswoman for Lehman, did not return a call. Pamela Plehn, spokeswoman for HSBC, declined comment. The story was first reported last Thursday on BW's Web site, www.bondweek.com.
