Evolution Securities, a U.K. investment bank, has boosted its fixed-income business by appointing Alexander Lazanas and Rajan Dosanjh.

The duo will be responsible for launching Evolution’s ABS trading desk.

Lazanas and Dosanjh, who were previously from Societe Generale, will report to Guy Cornelius, head of fixed income.

Lazanas was formerly head of ABS trading while Dosanjh was previously vice president of ABS trading at SocGen.

Prior to joining SocGen in 2005, Lazanas spent four years at West LB, having joined as a graduate trainee. He worked across all areas of credit trading.  

Dosanjh was vice president of SocGen's ABS trading division for four years starting in 2004.  He began his career in asset securities trading in 2000 with Commerzbank.

“We will continue to capitalize on opportunities to recruit more high calibre candidates as we look to increase our market share while other traditional players are being forced to reduce their exposure to the fixed-income market as a result of financial constraints," said Andrew Umbers, Evolution's chief executive. "We look forward to the continued growth of our fixed-income business, and expect to announce more high calibre appointments in the near future.”

Evolution Securities is a unit of The Evolution Group and offers corporate finance and corporate broking advice, equity research, institutional sales and trading, market making and fixed-income research and execution, according to the firm's Web site.

Evolution Securities was previously called Evolution Beeson Gregory and focuses on the U.K. securities market. It also provides an integrated equity and advisory offering to corporate clients.

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