SSB Weds Derivatives, True Sale CDOS

  • 05 Aug 2002
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Salomon Smith Barney has put its global synthetic and cash flow collateralized debt obligation businesses under one roof, according to DW sister publication BondWeek. The new group, dubbed Global Portfolio Solutions, is globally co-headed by Janice Warne, global head of structured bonds in New York, and Sumit Roy, global head of credit derivatives in New York. Both keep their former assignments in addition to co-heading the new group.

Rick Caplan, Nestor Dominguez and Doug Warren will co-head the U.S. operation, while Tim Beaulac and Alan Shaffran will co-head the European effort from London. Beaulac was the co-head of U.S. cash flow CDOs with Dominguez in New York, but is transferring for his new role. All five report to Warne and Roy. They either did not return calls or declined comments. Dan Noonan, spokesman in New York, declined comment.

The group is being formed in response to the growing convergence of cash and credit derivative products in the origination of CDO transactions, according to an internal memo. The combined businesses will offer collateral managers a single shop and a coherent pitch on the sell-side.

However, Salomon is not the first house to merge its CDO desks. Major firms, including JPMorgan, Lehman Brothers and ABN AMRO, have already integrated their businesses.

  • 05 Aug 2002

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 357,043.08 1340 9.06%
2 JPMorgan 319,078.96 1445 8.09%
3 Bank of America Merrill Lynch 316,666.04 1099 8.03%
4 Goldman Sachs 236,643.87 789 6.00%
5 Barclays 230,494.28 891 5.85%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 34,591.50 163 6.58%
2 Deutsche Bank 34,293.84 117 6.53%
3 Bank of America Merrill Lynch 31,293.04 95 5.96%
4 BNP Paribas 27,578.61 168 5.25%
5 SG Corporate & Investment Banking 23,982.83 136 4.56%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 19,745.92 80 8.86%
2 Morgan Stanley 16,323.54 83 7.32%
3 Citi 15,946.50 94 7.15%
4 UBS 15,487.17 60 6.95%
5 Goldman Sachs 14,053.61 76 6.30%