Axel advises financial institutions, investors and corporations on all types of debt financing. In addition to loans, this includes structured financing, with a special emphasis on securitisations. He also advises payment systems such as EURO1 and STEP2.

In debt financing, Axel has in recent years been particularly involved in real estate financing, acquisition financing, trade financing, project financing, as well as loan restructuring. Significant past mandates include the financing of Hudson's Bay Company's acquisition of the Galeria Kaufhof group, the refinancing of the Trianon building in Frankfurt, as well as the financing of First State Investments' acquisition of Erdgasversorgungsgesellschaft Thüringen-Sachsen mbH.

In securitisations, Axel has many years' experience in advising on synthetic and true sale securitisations such as his recent involvement in the securitisation of The Squaire loan by Bank of America Merrill Lynch via Taurus 2015-2 DEU.