Citigroup has added two new hires to its high yield and distressed sales team. Nathan Stone joins Citi from Evolution Securities, where he was head of high yield and distressed sales. Stone joined Evolution in 2009, having previously worked at Morgan Stanley and UBS. Frank Palamara joins Citi from UBS, where he was a senior salesman covering the high yield, distressed and leveraged loan markets. Palamara previously worked in high yield and leveraged finance sales at Citi from 2003 to 2009. Both Stone and Palamara will be based in London and report to Conor Davis, head of credit sales for Citi in Europe.