Banks flex muscles to win prestige mortgage mandates

Investment manager Davidson Kempner has enlisted Credit Suisse to act as risk retention holder for the refinancing of the Hawksmoor portfolio, one of the UK’s largest books of legacy mortgages, with Bank of America also committing serious balance sheet to win its joint arranger role.

  • By Owen Sanderson
  • 23 Jul 2019

Holding the ‘skin in the game’ risk retention so that private equity or fund clients don’t have to is an approach investment banks are adopting in greater number when they want mandates to lead these lucrative legacy acquisition financings.

Barclayswon business for its relaunched asset finance business in ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 5,997 17 15.40
2 Citi 4,679 16 12.02
3 Lloyds Bank 3,158 6 8.11
4 Bank of America Merrill Lynch (BAML) 3,104 10 7.97
5 Morgan Stanley 3,066 8 7.88

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 70,707.91 236 10.46%
2 JPMorgan 64,579.62 197 9.55%
3 Bank of America Merrill Lynch 51,474.08 169 7.61%
4 Wells Fargo Securities 51,322.59 157 7.59%
5 Credit Suisse 47,737.24 151 7.06%