The former head of financial institution debt origination at Royal Bank of Scotland, who left amid a restructuring of its credit team in June, will return to banking in the corporate markets division at fellow state-backed firm Lloyds, Financial News can reveal.

Christoffer Mollenbach left Royal Bank of Scotland in June as part of a shake-up of its DCM business that followed the appointment of Matt Carter as head of bond origination for Europe, the Middle East and Africa.