State Street has hired the Royal Bank of Scotland's head of flow rates sales for British funds and hedge funds to lead its fixed-income sales in the region.
Craig Butterworth was appointed head of sales for Europe, the Middle East and Asia, based in London. He spent the past seven years at RBS and prior to that worked at Goldman Sachs.
"I believe that with the combination of State Street's unique investor behavior research and existing client relationships we are on course to build a full-service global rates business in the years ahead," Butterworth said.
State Street is currently hiring to expand it rates business.