The Bond Market Association (BMA), the US-based organisation that represents securities firms and banks in the debt markets, has recruited Michele David as principal staff advisor to its corporate credit markets division in New York.

David, who also becomes a vice president and assistant general counsel, will report to Lynette Hotchkiss, associate general counsel. Hotchkiss will assume supervisory responsibility for the corporate credit markets division as well as continuing as principal staff advisor to the municipal securities division.