LCDS Trailblazer Exits Lehman

Jeremy Vogelmann, Lehman Brothers' loan-only credit default swap trader, left the firm earlier this week.

  • 28 Jul 2006
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Jeremy Vogelmann, Lehman Brothers' loan-only credit default swap trader, left the firm earlier this week. Vogelmann, along with Doug Grossberg at Credit Suisse, is widely seen as one of the founding fathers in the nascent market. He did not return a call to his cell phone, but he is headed to the New York desk of Barclays Capital.

Vogelmann, Grossberg and a handful of other dealers and buysiders, including Jeff Kushner of BlueMountain Capital Management, began working on a standard form for LCDS back in November. This led to the International Swaps and Derivatives Association approving a confirm for the product and the Loan Syndications and Trading Association approving a physical settlement rider that goes hand-in-hand with the confirm this Spring. The dealer working group, which hosted its first meeting at Lehman Brothers in May, is currently in the process of putting together an LCDS index, dubbed LCDX.

  • 28 Jul 2006

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
  • 14 Mar 2017
1 Bank of America Merrill Lynch 10,650.87 23 11.13%
2 Deutsche Bank 8,169.49 17 8.53%
3 HSBC 6,243.46 23 6.52%
4 Citi 4,355.35 13 4.55%
5 SG Corporate & Investment Banking 4,273.37 17 4.46%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Mar 2017
1 JPMorgan 5,440.56 17 10.74%
2 Deutsche Bank 4,468.97 23 8.82%
3 UBS 3,742.72 17 7.39%
4 Citi 3,393.89 23 6.70%
5 Goldman Sachs 3,360.93 18 6.63%