NEW YORK (Reuters) - Citigroup Inc (C.N: Quote, Profile, Research) is making Carl Meyer the global head of distressed trading as part of its move to take advantage of opportunities in the area, which it said were currently among the greatest in credit markets, a spokesman for the bank said on Wednesday.

The spokesman, based in London, was confirming the details of an earlier Wall Street Journal report, which cited an internal Citi memo.

Meyer has previously led both distressed trading and North American high-yield trading.

Among other changes, Brian Archer, previously head of European flow credit trading, will move to New York to be global head of investment-grade and high-yield trading.

Citi will be merging its credits sector specialist teams across loans and high-yield teams in London and New York to provide better coverage across sectors.

(Reporting by Aarthi Sivaraman; additional reporting by Olesya Dmitracova in London, editing by Elizabeth Fullerton)