Senior I-Grade Analyst Leaves Deutsche Bank

  • 19 May 2002
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Deutsche Bank has lost another member of its corporate bond research group with the resignation of Peter Mullen, who was a v.p. covering the retail and consumer products sectors. A former colleague says he has joined Westmoreland Capital, a New York-based hedge fund, and has not yet been replaced at Deutsche Bank. Mullen could not be reached, and David Folkerts-Landau, the firm's head of markets research based in London, did not return calls.

Mullen is the third senior member of Deutsche Bank's U.S. investment-grade research team to leave. Earlier this year the bank dismissed its two co-heads of the group, Paul Tice and Mark Girolamo (BW, 2/3). Louise Purtle, the firm's former corporate bond strategist, and Ed Oppedisano, its former telecom analyst, also left ahead of Mullen (BW, 2/24, 4/11).

An analyst close to Mullen says he resigned in part due to recent controversial decisions by management, which had hurt morale (BW, 2/3, 2/17, 4/28). He also reportedly assumed that his future prospects in the group would be diminished under new investment-grade head Marion Boucher Soper, who was expected to join the firm last week.

Mullen joined Deutsche Bank from Lehman Brothers, where he was as a portfolio and corporate bond strategist, in 1997. He has also worked as an economist and a quantitative analyst.

  • 19 May 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) 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 %
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1 Citi 82,050.07 237 12.94%
2 Bank of America Merrill Lynch 70,926.06 217 11.18%
3 Wells Fargo Securities 62,359.46 195 9.83%
4 JPMorgan 45,920.23 145 7.24%
5 Credit Suisse 36,830.60 112 5.81%