Merrill Hires CDO Banker

Bilal Rashid, collateralized debt obligation originator at CDC IXIS Capital Markets in New York, is joining Merrill Lynch's structured credit team, said Chris Ricciardi, head of the structured credit team at Merrill.

  • 15 Apr 2005
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Bilal Rashid, collateralized debt obligation originator at CDC IXIS Capital Markets in New York, is joining Merrill Lynch's structured credit team, said Chris Ricciardi, head of the structured credit team at Merrill. He said Rashid has been hired to structure new collateralized loan obligations at Merrill. Although it does have a presence in CLOs, Merrill does most of its volume in asset-backed and trust preferred CDOs. Merrill sits atop Thomson Financial's U.S. league tables with a 20.3% market share, well ahead of second-place Morgan Stanley, which has sold 13.7% of cash deals this year.

At CDC, Rashid reporter to Ken Wormser, head of the CDO group. He did not return a call by press time. Wormser, formerly the head of asset securitization at CIBC World Markets, turned heads about two years ago when he left for CDC and took about 30 professionals with him (BW, 6/28/2003).

  • 15 Apr 2005

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 118,624.20 342 12.98%
2 Bank of America Merrill Lynch 99,769.11 286 10.92%
3 Wells Fargo Securities 86,271.10 256 9.44%
4 JPMorgan 67,323.36 205 7.37%
5 Credit Suisse 49,265.86 144 5.39%