EuroWeek’s 25 most influential debt capital market participants and deals

In addition to the annual bond market awards given out at the EuroWeek Bond Market Dinner on May 15, we also highlighted the 25 most influential participants working in the debt capital markets today and the 25 most influential deals over the last five years — a set of awards created to mark EuroWeek’s 25 anniversary.

  • 30 May 2012
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25 Most Influential Participants — Methodology

For the 25 most influential participants we first asked EuroWeek’s journalists and editors to draw up a list of panellists to advise them on whom the awards should be given to. For each of the key sectors — public sector, financial institution, corporate bond, emerging market and MTNs — we set up a panel of bankers to help decide on the issuers and a panel of issuers to help decide on the bankers.

Panellists were chosen for their visibility in the market and their market reach, as well as their own standing and the standing of their institution.

Journalists conducted one-on-one phone interviews with their panellists, gathering their views on who the most influential market participants are working in the market today, who have been present for a minimum of three of the last five years.

We limited the scope to these past five years, not only because we presented special awards at our 20th anniversary in 2007, but also because markets pre-crisis bear very little resemblance to those of today.

We attempted to discourage panellists, especially dealers, from voting for the big names just because they are the big names, because they pay the most fees or because they have the biggest teams. Thus, we encouraged panellists to consider senior relationship managers and other senior personnel beyond those involved in the day-to-day flow.



Borrowers on bankers

We encouraged borrower panellists to pick their bankers using the following criteria:

• Someone who has taken the market forward by advising on structures and strategies that are both innovative and professional.

• Has had a consistent presence — been prominent in the market for a minimum of three of the last five years.

• Enhanced their institution.

• Helped re-open markets.

• Created new products/moved the market on.

• Brought the whole firm with him/her — mobilised the firm for the client.

• Has the ability to read the market/excellent technical understanding.

• Has the strength to stand up to borrowers trying to ram deals down the market’s throats.

• Has the strength to stand by deals once priced.

• Has a global view — mastery of a full range of markets, currencies and funding tools.

• Has the ability to manage relationship with issuers — someone who is seen as fair.

• Has been able to consistently show a wider appreciation of the health of the market rather than purely the health of their own Coutts account.



Bankers on borrowers

We encouraged banker panellists to pick their borrowers using the following criteria:

• Someone who had had a consistent presence — been prominent in the market for a minimum of three of the last five years.

• Has enhanced their institution and their market, through a willingness to experiment with new products, structures, and funding avenues, while avoiding the pitfalls that caught others during the crisis.

• Has re-opened markets.

• Has created new products/moved the market on.

• Has an understanding of what the ingredients of expert execution are — and putting them into practice.

• Has an ability to read the market/excellent technical understanding.

• Has sympathy for market limitations.

• Has a global view — mastery of a full range of markets, currencies and funding tools.

• Has the ability to manage relationship with bankers – is seen as fair.

• Has displayed professionalism towards IR/investor perception.

It was, at times, a very tough task to narrow the group down to just 25 — a 25 that reflects the banker and borrowing communities across the key sectors of SSAs, financial institutions, corporates, emerging markets and MTNs. We knew every market participant would come up with a slightly different list.

But through the in-depth discussions with our panellists, we gained a clear and strong insight into the market’s genuine leaders. And that has led us to conclude that the following market participants are the most influential working in the bond market today.

Over the following pages we profile the 25 most influential bond market participants. See page 28 for the 25 most influential deals.
  • 30 May 2012

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Mar 2017
1 JPMorgan 94,925.33 384 8.39%
2 Citi 87,531.58 331 7.74%
3 Bank of America Merrill Lynch 84,341.49 288 7.46%
4 Barclays 75,288.19 241 6.66%
5 Goldman Sachs 68,504.71 208 6.06%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 May 2017
1 Deutsche Bank 19,381.65 47 8.82%
2 Bank of America Merrill Lynch 18,968.25 36 8.63%
3 HSBC 18,103.95 50 8.24%
4 BNP Paribas 8,911.57 55 4.05%
5 SG Corporate & Investment Banking 8,885.00 54 4.04%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 May 2017
1 JPMorgan 8,714.26 35 8.36%
2 UBS 8,283.47 33 7.95%
3 Goldman Sachs 7,736.57 37 7.42%
4 Citi 6,897.11 46 6.62%
5 Bank of America Merrill Lynch 6,215.31 24 5.96%