In a sign of how high expectations for the European high-yield market have become, Barclays Capital has turned its attention homeward, away from the U.S. market where it learned the product.

The investment banking arm of Britain's second-biggest bank said Friday that it has transferred its global head of high yield, Joseph Bencivenga, to its London headquarters from New York, where it developed its worldwide junk bond business during the last three years.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.