London - RBC Capital Markets has announced the appointments of Christiane Schuster, as a Managing Director and Head of Non-Investment Grade Credit Sales & Trading and Steven Chapman, as a Director and High Yield Analyst.
With over 14 years of high yield and leveraged loans experience, Schuster joins RBC Capital Markets from MF Global, where she was a Managing Partner and Head of High Yield Distressed & Leveraged Loans. Prior to this, Schuster was with Lehman Brothers and Chase Manhattan Bank.
Chapman joins RBC Capital Markets with more than 25 years of experience including roles as Head of High Yield Research and Head of Loan Research at AXA Investment Managers, RBS and MF Global. Chapman was also previously a Senior Risk Specialist at the UK Financial Services Authority.
Commenting on the appointments, Avril Pomper, Head of Fixed Income & Financial Product Sales, Europe, said: 'Our focus on high yield in Europe is part of the evolution of our credit business, where we are committed to strengthening our capabilities and to maintaining our position as a top three provider'.
In the recent 2011 Credit magazine awards, RBC Capital Markets was ranked in the top four in credit in a number of categories including #1 for electronic trading; #1 for non-core currency corporate bonds; and #3 for Overall Credit House. In line with its focus on high yield, RBC has also recently bolstered its European Loan Capital Markets Group with the hires of Tim Cottrell, Co-Head of European Loan Capital Markets and Ollie Champion, Director. Both joined the investment banking group in July 2011, along with Steven Jones who joined as a Managing Director in Sponsor Coverage.