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
  • 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
  • 16 May 2017
1 Deutsche Bank 19,381.65 47 8.82%
2 Bank of America Merrill Lynch 18,968.25 36 8.63%
3 HSBC 18,103.95 50 8.24%
4 BNP Paribas 8,911.57 55 4.05%
5 SG Corporate & Investment Banking 8,885.00 54 4.04%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 May 2017
1 JPMorgan 8,714.26 35 8.36%
2 UBS 8,283.47 33 7.95%
3 Goldman Sachs 7,736.57 37 7.42%
4 Citi 6,897.11 46 6.62%
5 Bank of America Merrill Lynch 6,215.31 24 5.96%