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RBC Capital Markets, the corporate and investment banking arm of Royal Bank of Canada, has hired Nicolo Foschetti as a director in its structured interest rate sales group in London.

Foschetti joins RBC Capital Markets with over 12 years' market experience within structured products, most recently at Bank of America, where he was principle, co-head of Southern Europe regional sales. Prior to that Foschetti held positions at Unicredit, Merrill Lynch and Morgan Stanley.

Foschetti will report to Avril Pomper, head of fixed income and currencies and financial products sales, Europe, who says: 'The addition of Nicolo to our growing team is part of our overall strategy to expand RBC's structured rates business in Europe. With a focus on Italy, Spain, Portugal and Greece, Nicolo will help to strengthen our client coverage in southern Europe.'

Over the last 12 months RBC Capital Markets has hired in excess of 300 people throughout its global capital markets operations.

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