RBS hires head of high-yield, distressed debt sales Wight Martindale

By Devika Patel

Knoxville, Tenn., May 6 - Royal Bank of Scotland Group said it has hired Wight Martindale as a managing director and head of high-yield and distressed debt sales within the company's global banking and markets division.

Martindale, who will join the firm in July, will be based in the new RBS Americas headquarters in Stamford, Conn. He will report to the head of credit sales for GBM Americas, Tony Britton.

Martindale has more than 20 years of fixed-income sales and management experience, most recently as head of high-yield and distressed debt sales at Deutsche Bank in New York. Prior to joining Deutsche Bank in 1998, he was at Bankers Trust Corp. as a principal in high-yield sales. He has also held several fixed-income positions at Paine Webber Inc.

"We are beginning to see an increase in high-yield issuance as well as investors selectively looking for opportunity in the distressed debt market," Britton said in a press release.

Based in Edinburgh, RBS is a banking and financial services company.

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