Iowa Firms Shuffle Portfolio Managers

BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.

  • 14 Jul 2003
Email a colleague
Request a PDF

Three money management firms located in Des Moines, Iowa have seen related changes to their fixed-income portfolio management teams.

Kevin Croft has left Principal Global Investors to join Investors Management Group (IMG) as a v.p. and portfolio manager. Jeff Lorenzen, cio and head of fixed-income at IMG, says Croft handled Principal's core fixed-income product and its short duration fund. Calls to Principal officials were referred to a company spokeswoman, who did not respond by press time.

Croft replaces Kathy Beyer, who resigned as managing director at IMG to join the newly registered Midamerica Investment Advisory Group as a senior managing director. Beyer says the firm is gathering assets, and will look to manage institutional assets and also establish investment advisory relationships with regional mutual fund companies that want to outsource the management of their portfolios.

Beyer says Midamerica brought her on because it saw the opportunity to increase fee income in its investment management area as it looks to expand in the Midwest. "One of the reasons I left was that I saw a chance to head up a fixed-income effort and get in on the ground floor of an entity that has a promising outlook," she says. She will report to Kip Albertson, secretary and treasurer of the firm.

  • 14 Jul 2003

New! GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 7,029 20 10.95
2 Bank of America Merrill Lynch (BAML) 6,703 19 10.45
3 JP Morgan 4,776 10 7.44
4 Credit Suisse 4,718 9 7.35
5 Deutsche Bank 4,262 13 6.64

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Oct 2016
1 Wells Fargo Securities 67,591.81 167 11.54%
2 Bank of America Merrill Lynch 57,568.62 162 9.83%
3 JPMorgan 55,390.36 159 9.46%
4 Citi 55,051.46 160 9.40%
5 Credit Suisse 43,756.73 120 7.47%