RBC Dominion Securities (RBCDS), the investment banking arm of the Royal Bank of Canada, has hired Simon Howard-Glossop as managing director and head of global credit trading.

Howard-Glossop was previously a director in Merrill Lynch's credit derivatives trading group. At RBC he will oversee the pricing and risk management of credit risk products globally including credit derivatives, bonds, floating rate notes, asset swaps and other illiquid credit product.