Prebon Marshall Yamane, the London-based inter-dealer broker, has hired Micheal Noonan to lead the firm's move into the European high yield business.

Noonan joins from the London office of US broker Seidel & Shaw where he worked on European high yield. He joined them from the London high yield trading desk of CIBC World Markets, the investment banking arm of the Canadian Imperial Bank of Commerce (CIBC).