Royal Bank of Scotland has appointed Joe Walsh as global co-head of credit markets, Americas. Previously, Walsh was head of mortgage and asset-backed trading, origination and finance at RBS Greenwich Capital. He will run the business with Euan Hamilton, who will also take on a new role as global head of leverage finance across senior loans, second lien, mezzanine, high-yield bonds and paid-in-kind instruments. Among other appointments, RBS announced that Stephen Eighteen and Mark Fineman will become the new global heads of real estate finance. Previously, Eighteen ran the business for the U.K., Europe and Asia while Fineman served as head of real estate finance and secularization at RBS Greenwich Capital. Eighteen will also run credit market origination in Europe with Mike Nawas. Nawas was formerly head of structured finance at ABN Amro. He will also serve as the global head of corporate and structured debt capital markets, corporate loan markets origination and emerging markets. Continuing the streak of job changes at the bank, RBS tapped Al Sinsheimer to run European financial institutions sales and George Davala to run the same business in the Americas. Sinsheimer is currently head of debt market financial institutions sales at RBS in London. Davala was head of ABS and liquid product sales at RBS Greenwich Capital in the U.S. The appointments will go into effect after regulatory approval of the RBS and ABN Amro merger.

(c) 2008 Asset Securitization Report and SourceMedia, Inc. All Rights Reserved.

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