HSBC creates high yield sales team

HSBC has created a new sub-investment grade sales platform for bonds and loans for Europe, the Middle East and Africa. Heading the bond sales team is Steve Butcher, previously head of high yield sales at Icap.

Before joining Icap, Butcher covered high yield sales from 1998 to 2006 at Salomon Brothers. He will report to Marwan Dagher and Anthony Normand, co-heads of EMEA credit sales.

Joining Butcher will be Greg Cohen, who will move from investment grade credit sales. Both Butcher and Cohen will