RBC have hired a new credit sales exec from Citigroup

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• RBC Capital Markets have hired a new head of US investment grade credit sales.

RBC Capital Markets have hired a new credit sales exec from Citigroup as the firm looks to expand its US fixed-income business.

Dan Spitzberg, formerly a director in investment-grade credit sales at Citi, is joining RBC as the US head of investment grade credit sales, according to people familiar with the matter.

He'll join the firm in July and report to Jeff Fields, head of FICC sales in the Americas, the people said.

RBC declined to comment. Citigroup did not immediately respond to request for comment.

This story is developing.