Jefferies hires bank's head of credit structured product sales

Investment banking firm Jefferies has announced it has hired Royal Bank of Scotland’s European head of credit structured products and solutions sales, Cyril Paillard, as managing director in mortgage and ABS sales. Based in Paris, he will cover institutional clients in France and Northern Europe.

Paillard will work closely with Marion Guilbert, who joined Jefferies’ London office in mid-2009, and will report to Steve Hulett and Craig Tipping, co-heads of European MBS/ABS at Jefferies.

Paillard has 18 years of industry experience. Prior to RBS, he was head of fixed income sales for France at ABN Amro in Paris and head of credit and alternatives sales for Europe, the middle east and Africa.

Jefferies says it now has nearly 90 professionals in its MBS/ABS group, based in the US, London, Paris, Tokyo and Hong Kong.