Loan Ranger: Rock stars and cabaret
This week GlobalCapital honours rock stars and loans heads with a rock 'n' roll special.
Like many in the loan market, JP Morgan’s Jon Abando is a big fan of the theatre. But while some bankers are wont to hark back to the Greek classics, Abando professes to have seen the cabaret / burlesque / circus extravaganza La Soirée no less than three times.
"It’s hilarious, hilarious,” said an exuberant Abando.
In the theme of entertainment, a former Loan Ranger went to great lengths to adapt his latest GlobalCapital weekly magazine headlines to David Bowie song titles, in honour of the space-bound rock legend. The Derivatives section has never sounded so exciting: ISDA overhaul is grounds for dancing in the street, Love you till Tuesday: CFTC mulls reverse on 'arbitrary' swap rules and Margin dance: TriOptima makes OTC push were but a few of the insinuated references, which somehow got past the hawk-eyed GC sub-editors without any ch-ch-changes.
From rock stars to loans heavyweights, the loan market lost two loans aficionados last week to new jobs. Commerzbank’s Roland Boehm will become head of Mittelstandsbank International, with Reinhard Haas taking over from him as head of DCM loans.
And the Lloyd’s loans team loses Simon Allocca as head of loan markets. Allocca will become global head of industrials and manufacturing. Ian Baggott, head of financial institutions loan syndicate, will take over Allocca's position in the interim, as Lloyds looks for a new loans chief.
Best of luck to Roland and Simon in their new jobs!