James Courtenay has joined CIBC Oppenheimer Corp. as head of the European high-yield business at CIBC World Markets.

Mr. Courtenay, formerly a managing director at Bankers Trust Corp., began the job in August. He reports to Jay Bloom, Andrew Heyer, and Dean Kehler of CIBC World Markets. Mr. Courtenay spent 12 years at Bankers Trust, where he most recently was managing director of debt capital markets in London.

More hiring is planned at the European group during the next year as it looks to expand its investment banking, sales, trading, and research before the launch of the euro.

CIBC World Markets has underwritten $27 billion in financing since it was launched in 1995.

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