RBS hires in debt credit markets

Royal Bank of Scotland is hiring three traders to target Europe’s booming financial-debt credit market, a focus of growth at a firm that’s cutting about 100 jobs from its investment-banking business.

Bloomberg News reports that Jason Harwood, the former head of financials trading at Nomura in London, and former Credit Agricole trader Amreetpal Summan are among the new hires, according to four people familiar with the matter, who asked not to be identified because the moves haven’t been publicly announced.

They will be joined in London by Axel Bleymann, who traded pound-denominated financial bonds at BNP Paribas and will have a similar role at RBS, two of the people said.

RBS saw departures of senior figures and corporate-bond traders last week as Chief Executive Officer Ross McEwan shrinks the bank’s investment-banking business to help overturn seven consecutive annual losses. 

To access the complete Bloomberg News article hit the link below:

RBS Said to Hire Credit Traders in London as Bank Axes 100 Jobs

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