Zilla and Collins hit the bid

HSBC beefs up its Asian credit trading team with the hiring of Chris Zilla and Chris Collins, presaging a large move into high yield.

HSBC has hired two credit trading veterans to add to its already huge presence in the market. Chris Zilla joins the team in Hong Kong as an Asian high yield specialist. He joins after 10 years at Morgan Stanley, six of which have been in Asia, where he held a similar position. He will begin work on March 7. The two hires bring the total number of traders in Hong Kong to 16 making it one of the largest bond trading desk in the region offering a full range of products in Asian time zones.

Morgan Stanley is the leader in Asian high yield markets, both primary and secondary. Zilla's hire...

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