RBC Snags Two More From Citi
June 24, 2008
RBC Capital Markets has brought on two long-time Citigroup chiefs: Paul Zingarini joins as managing director and head of secondary loan trading and Richard Rothschild joins as a managing director within the firm’s global syndicated finance sales group, the bank said today.
Zingarini reports to Head of U.S. Credit Trading David Pichler, also a Citi alum. Zingarini will oversee the development of the firm’s U.S. public secondary loan trading platform. He was a managing director on Citi’s high yield, distressed and loan trading desks.
Rothschild, who reports to Head of Loan Sales Denis Cullen, will be responsible for covering high profile institutional and bank accounts in the syndicated leveraged loan market. At Citi he was most recently a managing director and senior salesperson in the firm’s loan sales and trading group. He also served as vice president in the loan syndications group and vice president of fixed income securities operations.
RBC streamlined its U.S. high grade and high yield bond trading desks early this year, with the plan to integrate the U.S. public loan trading platform as well, once a loan chief was brought on to run it. The bank hired Pichler to lead the effort as its first head of U.S. credit trading (HYR, Jan. 21, 2008).
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