Southpaw: Lazard lands Greek mandate as investment banks seek relevance with government work

A mandate advising Greece on a potential restructuring — understood to have been won by Lazard — is the highest profile piece of business going for bankers working for government clients. But governments everywhere are providing banks with a stream of advisory and capital markets mandates. It’s a tricky, low-fee business, writes David Rothnie, but is becoming essential in order for banks to stay in the flow of investment banking

  • 30 Apr 2010

For all the problems engulfing the Hellenic Republic, the country has yet to appoint an investment bank to advise it on its negotiations with the International Monetary Fund. Or has it?

While mandating an adviser could send the wrong signals — such that the country is seriously considering a ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 417,651.57 1605 9.04%
2 JPMorgan 380,255.75 1735 8.23%
3 Bank of America Merrill Lynch 360,270.83 1308 7.80%
4 Goldman Sachs 268,034.61 924 5.80%
5 Barclays 267,242.43 1081 5.79%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 45,449.36 196 6.57%
2 BNP Paribas 38,734.80 217 5.60%
3 Deutsche Bank 37,615.10 139 5.44%
4 JPMorgan 34,724.19 118 5.02%
5 Bank of America Merrill Lynch 33,835.53 112 4.89%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 22,475.00 105 8.66%
2 Morgan Stanley 19,057.00 101 7.34%
3 Citi 17,812.08 111 6.86%
4 UBS 17,693.89 71 6.82%
5 Goldman Sachs 17,332.64 99 6.68%