Royal Bank of Scotland hires eight credit strategists

Royal Bank of Scotland Group Plc, Britain’s largest government-controlled bank, added eight senior analysts to its U.S. credit strategy group, bolstering research in investment-grade, high-yield and distressed debt.

The hires, who will be based in Stamford, Connecticut, include individuals who previously worked at hedge-fund Quattro Global Capital LLC, General Electric Co. and a Deutsche Bank AG proprietary trading unit, the Edinburgh-based bank said today in a statement distributed by Business Wire.The hiring follows “several senior level additions” this year to the strategy team at RBS Securities Inc., which along with other securities firms such as New York-based Morgan Stanley is boosting staff as markets heal after the worst financial crisis since the Great Depression. Banks that accepted government bailouts may be using bigger compensation packages to lure staff from competitors and hedge funds even as politicians criticize the size of their bonuses.