BofA drops European ABS team

Bank of America has axed its 20 strong EMEA ABS origination team. The group, headed by Steve Skerrett, was a victim of the 650 job cuts announced last week as part of BofA’s reduction of investment banking activities. The CMBS team, headed by Nigel Milner, is unaffected.

  • 24 Jan 2008

BofA hired three senior securitisation bankers from UBS in 2005 to build a European franchise with a mandate to engage in principal finance. The bank failed to make significant headway, however, with only a handful of public deals outside of the structured credit sector.

Some junior bankers may be ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 358,291.38 1348 9.06%
2 JPMorgan 320,704.66 1461 8.11%
3 Bank of America Merrill Lynch 318,128.31 1104 8.04%
4 Goldman Sachs 236,643.87 789 5.98%
5 Barclays 231,197.41 895 5.84%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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1 HSBC 35,007.57 165 6.53%
2 Deutsche Bank 34,880.53 120 6.51%
3 Bank of America Merrill Lynch 31,805.65 97 5.93%
4 BNP Paribas 27,920.60 169 5.21%
5 SG Corporate & Investment Banking 24,398.89 138 4.55%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 19,745.92 80 8.85%
2 Morgan Stanley 16,334.63 83 7.32%
3 Citi 15,972.34 95 7.16%
4 UBS 15,487.17 60 6.94%
5 Goldman Sachs 14,053.61 76 6.30%