RBS merges leveraged loans and high yield

Royal Bank of Scotland has hired Eric Capp from JPMorgan to spearhead the merger of its leveraged loan and high-yield capital markets teams.

Capp, previously head of European high yield at JPMorgan, becomes head of leveraged capital markets for Europe and Asia at the UK bank. He reports to John Hourican, head of leveraged finance for Europe and Asia, and to David Bassett, global head of loan markets.

David Yeoman, head of leveraged loan markets, will report to Capp. Nick Coates, head of