BNP Paribas has affirmed its commitment to the high-yield bond market with two appointments to its team.

John Ong, previously head of European high-yield origination and capital markets, has been promoted to global head of high-yield origination and capital markets. He will be based in London. Robert Lambert joins the New York office as head of US high-yield trading. Both will report to Kathryn Swintek, global head of the high-yield group at BNP Paribas.