RBS grows U.S. flow credit sales & trading teams with five new hires

By Marisa Wong

Milwaukee, June 7 - RBS Securities Inc. has expanded its U.S. flow credit sales and trading teams within its global banking and markets division in the Americas with five new hires, according to a press release.

Robert Williams and Michael Regan have joined the firm as managing directors in credit trading. Seth Bernstein has joined as a senior vice president in credit trading. Richard Joyce and Tom Daly are managing directors in credit sales.

Williams, Regan and Bernstein will report to Sean Murdock, managing director, U.S. flow credit trading. Daly and Joyce will report to Anthony Britton, head of credit sales, Americas. All five are based in Stamford, Conn.

Williams was previously an executive director at Mizuho Securities. Prior to that, he was a managing director at Bear Stearns, where he traded cash bonds for banks and finance companies and cash bonds for automobile companies and credit default swaps. Williams also worked in the debt capital markets group at HSBC.

Bernstein was most recently a vice president at Morgan Stanley and was a primary market maker and risk manager at the high-yield credit trading desk. He traded high-yield bonds and credit default swaps across the gaming, energy, lodging and leisure sectors. Prior to that, he held positions in Morgan Stanley's high-yield bond sales and collateral management groups.

Regan was most recently a managing director at Christopher Street Capital, responsible for credit trading. Before that he was a managing director at Deutsche Bank. He has also been with Merrill Lynch in a credit trading capacity.

Daly is from GFI Group, where he was a managing director for the credit sales desk. Before that, Daly was a managing director in credit sales at Deutsche Bank covering investment-grade accounts for hedge funds, pension funds, money managers and insurance companies. He has also worked at Quixote Capital Management LLC and at Salomon Smith Barney.

Joyce joins the firm from BTIG LLC, where he was a managing director in credit sales. Before working at BTIG, he was an executive director in high-yield loan trading at UBS. He has also worked in credit sales at Goldman Sachs.

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