HSBC has appointed a former ABN Amro banker to lead its global credit trading business, which the bank took steps to strengthen in the summer ahead of what are expected to be tougher conditions for trading teams.

Niall Cameron will join HSBC as global head of credit trading, and will start in December based in London. He joins from Markit Group, where he was global co-head of equities, indices, commodities, risk management and economics since 2007.