Ross MacIntyre, managing director in leveraged finance and high-yield capital markets at Citigroup in London, has moved back to New York in the same capacity after spending the last four years in Europe. "A number of people on the high-yield capital markets team in New York have been promoted to other parts of the bank over the past 18 months, so whereas four years ago it was a question of beefing up coverage in Europe, now there is a need to flesh out senior coverage in high-yield in New York," said MacIntyre. He added that Citi's European high-yield capital markets coverage remains very robust.
MacIntyre's spot in London has been filled by Paul Simpkin, who was recently promoted to managing director in high-yield origination. In New York, MacIntyre reports to Ashok Nayyar and Richard Zogheb, co-heads of U.S. leveraged finance. Zogheb and Nayyar were out of the office on vacation and could not be reached; Simpkin did not return calls.