PARIS, Jan 23 (Reuters) - Calyon has hired Neal Neilinger for its credit and debt markets team, the French investment bank said on Wednesday.

Neilinger previously worked at Dresdner, BNP Paribas BNPP.PA and NSM Capital Management.

Calyon, a unit of France's biggest retail bank Credit Agricole CAGR.PA, said Neilinger will report to Jim Siracusa, global head of debt and credit markets, and would have a global role within its debt and credit markets product line.

Neilinger would be responsible for trading, sales and bond syndication work, a Calyon spokeswoman added.

Investment banks around the world have been hit by losses in the global credit markets, and some have had to consider making job cuts.

In November, Credit Agricole posted a 16.8 percent fall in its third quarter net profit as its earnings were hit by a previously disclosed trading loss at Calyon. The bank has said it expects “negative results” at Calyon for the full year ending December 31, 2007.