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
  • Today
1 Citi 356,356.29 1337 9.08%
2 JPMorgan 317,952.80 1443 8.10%
3 Bank of America Merrill Lynch 316,523.82 1098 8.06%
4 Goldman Sachs 235,165.28 784 5.99%
5 Barclays 229,116.44 888 5.84%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 34,411.72 162 6.58%
2 Deutsche Bank 34,293.84 117 6.56%
3 Bank of America Merrill Lynch 31,113.25 94 5.95%
4 BNP Paribas 27,578.61 168 5.27%
5 SG Corporate & Investment Banking 23,982.83 136 4.59%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 19,536.02 78 8.84%
2 Morgan Stanley 16,323.54 83 7.38%
3 Citi 15,946.50 94 7.21%
4 UBS 15,404.75 59 6.97%
5 Goldman Sachs 13,695.77 74 6.19%