J.P. Morgan Chase Cuts Asset Biz

  • 21 Jan 2001
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J.P. Morgan Chase & Co. has started cutting in its asset management group, seeking to create a single unit out of the former J.P. Morgan Investment Management and Chase Asset Management, according to BondWeek, an LMW sister publication. A fixed-income buysider at Chase who is awaiting word on his own fate says the bulk of the cuts thus far are coming on the Chase side, which has lost 30-40% of its staff, believed to total some 200, across a range of investment groups and sectors. He adds that he has heard reports of only one or two cuts on the J.P. Morgan Investment Management side, and he speculates that this is because J.P. Morgan officials are largely in charge of the finances of the newly merged entity. A J.P. Morgan Chase spokeswoman was unaware of any asset-management personnel changes.

  • 21 Jan 2001

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) 6,415 22 12.84
2 Citi 5,781 17 11.57
3 BNP Paribas 3,530 14 7.06
4 Credit Suisse 2,783 8 5.57
5 Rabobank 2,633 4 5.27

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 99,251.11 279 13.17%
2 Bank of America Merrill Lynch 90,895.27 265 12.06%
3 Wells Fargo Securities 72,661.39 222 9.64%
4 JPMorgan 52,367.24 169 6.95%
5 Credit Suisse 41,885.89 127 5.56%