Greenwich Natwest, the global debt markets division of Natwest Group, has hired Peter Bailey as vice president and head of North American credit trading.

He is based in Greenwich, Conn., and reports to Frank Canelas, managing director and head of credit products.

Mr. Bailey was a managing director and global head of fixed-income syndicate at Rabobank in London. Before that he was a director of Merrill Lynch's fixed-income syndicate desk in London and, earlier, in New York.

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