Royal Bank of Canada

is bolstering its credit trading business with senior hires, including new roles focused on credit-default swaps and electronic trading.

Jackson Graham is joining RBC in June as the head of single-name CDS trading, according to an internal memo reviewed by Bloomberg. He previously worked at Squarepoint Capital and also spent five years at Morgan Stanley in New York and London, where he was head of Europe, Middle East and Africa CDS trading, the memo said.

He will be based in New York and will report to Santosh Sateesh, global head of credit derivatives trading.

Vincent Boccio joined RBC this month as U.S. head of credit electronic trading strategy, focusing on investment-grade and high-yield electronic trading businesses. The New York-based director reports to Justin Snyder, head of U.S. investment-grade trading. Boccio previously worked at Spanish lender BBVA SA.

In addition, John Perkins is set to join RBC in June as a director in high-yield trading. The former

Bank of Montreal

director will report to Raegan Knox, head of U.S. high-yield trading.

A representative for RBC confirmed the hires but declined to comment further. Representatives for Squarepoint, BBVA and BMO didn’t immediately respond to requests for comment.

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Brian Beggans started last month as a senior investment-grade salesperson following a garden leave. He is based in Florida and report to Dan Spitzberg, head of U.S. high-grade credit sales.

Bloomberg.com