Robert Stheeman, UK Debt Management Office

  • 30 May 2012
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Current position: CEO, since January 2003Previous position: Director, debt capital markets group, Deutsche Bank, London, 1991-2002

Robert Stheeman’s job should be a boring one. That is what sovereign funding officials do — boring, safe deals. Stheeman, however, has not been afforded the luxury of a boring life at the DMO.

The UK’s borrowing requirement has rocketed from £60bn to £200bn during his tenure, but he has introduced a phenomenally successful and consistently record-breaking syndication programme to cope with it.

The UK’s borrowing costs are now so low that there has even been talk of a 100-year Gilt.

Stheeman and his team — in particular Martin Duffel, who runs the DMO’s daily operations — have managed this feat and drawn accolades by listening to advice and not taking dealers for granted, while sticking to the principle that the bond markets are about the people within them.

"He personally calls you to let you know you haven’t got the mandate before you see it on the screen," says one syndicate manager. "There is no one more eloquent in the market. You can have a conversation with him about anything and everything."
  • 30 May 2012

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 241,977.38 927 8.19%
2 JPMorgan 223,817.40 997 7.58%
3 Bank of America Merrill Lynch 216,160.55 723 7.32%
4 Barclays 185,098.93 672 6.27%
5 Goldman Sachs 158,991.47 518 5.38%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 32,522.19 61 6.54%
2 BNP Paribas 32,284.10 130 6.49%
3 UniCredit 26,992.47 123 5.43%
4 SG Corporate & Investment Banking 26,569.73 97 5.34%
5 Credit Agricole CIB 23,807.36 111 4.79%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 10,167.68 46 8.81%
2 JPMorgan 9,894.90 42 8.58%
3 Citi 8,202.25 45 7.11%
4 UBS 6,098.17 23 5.29%
5 Credit Suisse 5,236.02 28 4.54%