Merrill Reels In Morgan Stanley FX Marketer

  • 09 May 2006
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Merrill Lynch has hired Sowen Ng, executive director at Morgan Stanley, as a managing director for the Hong Kong global fx sales desk. Rig Karkhanis, managing director and head of fx and local currency trading at Merrill, said Ng is a replacement for Wu Yue, director, who recently joined Barclays Capital in a senior sales capacity (DW, 4/7). He added a few additional sales and trading hires are in the works for the newly-minted fx desk. "The region is booming—we're seeing a major increase in particular in fx and rates," said Karkhanis, adding that growth is being driven by corporate accounts and global hedge funds.

Merrill established an fx derivatives desk in Hong Kong at the onset of the year and has been shifting staff from Tokyo as well as hiring marketers and traders to tap the growing activity in the region (DW, 1/27). Pauling Cheung, spokeswoman at Morgan Stanley, did not return calls by press time.
  • 09 May 2006

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
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 %
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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%