RBS hires high-yield sales chief

Royal Bank of Scotland has appointed David Lofts as head of high-yield and special situations sales, reporting to Al Sinsheimer, head of debt markets financial institutions sales.

Lofts joins from Jefferies International where he was managing director, European high yield and distressed debt. There he helped establish the European platform and also developed primary deal flow in the middle markets space.

"David is a long-standing and highly respected member of the European and US high-yield

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