Payden & Rygel Hires Senior Credit Veteran From Allstate

  • 02 Jun 2002
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Payden & Rygel, a Los Angeles money manager with $34 billion in taxable fixed-income assets, has hired S. V. Balachander to the new position of senior v.p. and credit strategist. Brian Matthews, managing principal at Payden & Rygel, says he hired Balachander because the firm is growing its asset base and is always looking for good people. He will report to Chris Orndorff, managing principal in charge of credit.

Balachander has 17 years of fixed-income experience. Most recently, he was a high-grade analyst at Allstate, where he also chaired the sovereign credit committee. Allstate expects to fill the position vacated by Balachander in the next month, says Mike Trevino, a firm spokesman.

  • 02 Jun 2002

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) 6,665 23 13.02
2 Citi 5,781 17 11.29
3 BNP Paribas 3,530 14 6.89
4 Barclays 2,853 9 5.57
5 Credit Suisse 2,783 8 5.44

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 99,250.27 279 13.13%
2 Bank of America Merrill Lynch 91,648.43 266 12.13%
3 Wells Fargo Securities 72,661.39 222 9.61%
4 JPMorgan 52,367.24 169 6.93%
5 Credit Suisse 41,885.89 127 5.54%