NAB bolsters credit team

National Australia Bank (NAB) has bolstered its structured credit team with the addition of Peter Rothwell, who joined the Australian bank’s London office last week as senior trader.

Rothwell joins from Deutsche Bank in Sydney, and will primarily focus on trading Australian credits in the European time zone. He reports to Cameron Munro, head of credit trading and structuring at NAB in London.

The new hire follows the internal transfer of Hulya Yilmaz from NAB’s Sydney office to London earlier this month. Yilmaz will focus on the securitisation business, including synthetic collateralised debt obligations (CDO). The bank is currently working on a couple synthetic deals, including a $1 billion balance sheet collateralised loan obligation, which will be referenced to the bank’s global loan portfolio, and a smaller synthetic arbitrage CDO referenced to a global portfolio of credits, according to bank sources.