...As Options Head Departs

  • 17 Dec 2001
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Steven Block, head of interest-rate trading at Commerzbank Securities in New York, left as part of the department's restructuring. Ashwin Kumar, head of fixed income proprietary trading in New York, has taken over Block's duties and no replacement for Block will be appointed, according to Edgar Mitchell, spokesman in New York. Mitchell declined comment on why Kumar was appointed over Block and whether Block was fired. Block could not be reached.

The restructuring is designed to link the firm's cash bond trading business with its fixed income derivatives business in the U.S. Commerzbank has already made this shift in London and Tokyo earlier this year, to leverage synergies between the two businesses. As part of the restructuring Kumar has been put in charge of interest-rate derivatives, agencies, government bonds and prop trading.

Block reported to Ricardo Pascoe, head of derivatives trading for the Americas in New York. Kumar reports to Pascoe. Both referred calls to Mitchell.

  • 17 Dec 2001

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 %
  • Last updated
  • Today
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 %
  • Last updated
  • Today
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%