UBS Hires Distressed Debt Trader

UBS has bolstered its London-based distressed debt desk with the appointment of Dennis Buckley, formely at Banca Antoniana Popolare Veneta in London, as a director focusing on sourcing underperforming bank paper in the secondary loan market.

  • 11 Jun 2004
Email a colleague
Request a PDF

UBS has bolstered its London-based distressed debt desk with the appointment of Dennis Buckley, formely at Banca Antoniana Popolare Veneta in London, as a director focusing on sourcing underperforming bank paper in the secondary loan market. He joined June 4 and reports to Martin Teevan, head of UBS' European distressed debt and special situations group. Buckley declined to comment.

Market watchers said the appointment reflects UBS' desire to join the leading U.S. investment banks, such as Goldman Sachs, Morgan Stanley and Bank of America, in taking proprietary positions in and trading around distressed companies. "A lot of money has been made in the U.K. power generation sector, and UBS is looking to join the party," said one project financier.

Buckley was formerly a credit manager at Banca Antoniana where he was responsible for resolving problem loans and trade finance situations. He has most recently acted as an independent distressed debt trader, said a UBS spokeswoman in London.

  • 11 Jun 2004

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) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Jul 2017
1 Bank of America Merrill Lynch 57,945.74 181 12.35%
2 Citi 57,243.86 174 12.20%
3 Wells Fargo Securities 48,214.86 152 10.28%
4 JPMorgan 33,301.70 114 7.10%
5 Credit Suisse 25,010.27 80 5.33%