Youssef Khlat has joined Calyon as global head of high-yield capital markets, several months after parting company with BNP Paribas (where he was European head) when it pulled back from the business. Commenting on the hire, Tim Hall, global head of DCM origination at Calyon, says: "We expect the high-yield market to be increasingly relevant to non-investment-grade companies globally due to pending maturities coupled with tighter liquidity in the bank market."
Khlat worked at Deutsche Bank and Bankers Trust before BNPP, where he was responsible for expanding the European high-yield franchise and integrating the high-yield platform into the broader pan-European leveraged finance business.