Jefferies hired of Cyril Paillard as a managing director in MBS and ABS sales in Paris.
The new hire will cover institutional clients in France and Northern Europe. He has eighteen years of industry experience and was previously at Royal Bank of Scotland, where he was EMEA head of credit structured products and solutions sales.
Before RBS, Paillard was head of fixed income sales for France at ABN Amro in Paris and EMEA head of credit and alternatives sales.
He will work closely with Marion Guilbert, who joined Jefferies’ London office in mid-2009 as part of the group’s international expansion. Paillard will report o Steve Hulett and Craig Tipping, co-heads of European MBS/ABS at Jefferies.
His addition is the next step in the ongoing development of Jefferies’ global MBS/ABS group, which now includes around 90 professionals in the U.S., London, Paris, Tokyo and Hong Kong focused on the sales and trading of MBS/ABS securities.
“Cyril’s industry knowledge, extensive experience and broad base of relationships will significantly enhance our MBS/ABS capabilities in Europe. France and Scandinavia are key markets for our business, and Cyril will make a strong and immediate contribution as we continue to expand Jefferies’ MBS/ABS platform to bring additional products to both existing and new clients,” said in a joint statement Johan Eveland and William H. Jennings II, co-heads of global MBS/ABS at Jefferies.