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 Share % by Volume
1 Citi 10.72
2 Bank of America Merrill Lynch (BAML) 10.66
3 Credit Suisse 6.45
4 Lloyds Bank 6.42
5 JP Morgan 6.35

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Rank Lead Manager Amount $m No of issues Share %
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1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
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3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
4 Meritz Financial Group Inc 192.86 1 19,286,162,593.99%