Citigroup’s head of European high-yield syndicate Lee Hope has stepped down from his position, Reuters reports. Peter Charles, head of syndicate for Europe, the Middle East and Africa (EMEA) at Citi, will replace him on an interim basis.

Hope will join Credit Suisse as head of high-yield research in September 2011. He will work under Mathew Cestar, head of leveraged finance in EMEA, and succeed Ben Booth, who has moved into a sales role at the bank.

Click here for the story from Reuters.