Salomon Smith Barney, a Citigroup unit, has hired four Merrill Lynch & Co. executives to staff its global distressed-credit business.

John Engelen joins Salomon as a managing director in the high-yield sales and trading area.

Also joining Salomon from Merrill are Edward Sutherland, John Humphrey, and Jeffrey Jacob. Mr. Sutherland and Mr. Humphrey are to be senior analysts and Mr. Jacob a senior trader. All three report to Mr. Engelen.

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.