The UK subsidiary of a US electronic broker has hired a team of 10 credit salesmen and traders from UBS to run its European credit platform, in one of the biggest fixed-income team hires in the past two years.

In a statement, Knight Libertas, part of US broker Knight Capital Group, said it had hired 14 new sales, trading and research staff to establish its European credit sales and trading platform, led by Neil Robertson, who ran UK credit sales for UBS in London, as managing director and head of the business.