BofA drops European ABS team

Bank of America has axed its 20 strong EMEA ABS origination team. The group, headed by Steve Skerrett, was a victim of the 650 job cuts announced last week as part of BofA’s reduction of investment banking activities. The CMBS team, headed by Nigel Milner, is unaffected.

  • 24 Jan 2008

BofA hired three senior securitisation bankers from UBS in 2005 to build a European franchise with a mandate to engage in principal finance. The bank failed to make significant headway, however, with only a handful of public deals outside of the structured credit sector.

Some junior bankers may be ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 346,069.71 1350 8.09%
2 JPMorgan 342,066.65 1471 7.99%
3 Bank of America Merrill Lynch 307,117.30 1065 7.18%
4 Barclays 258,537.34 976 6.04%
5 Goldman Sachs 227,890.51 774 5.33%

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1 BNP Paribas 48,550.02 206 6.54%
2 JPMorgan 46,311.15 105 6.24%
3 UniCredit 40,595.43 182 5.47%
4 SG Corporate & Investment Banking 38,348.83 146 5.17%
5 Credit Agricole CIB 38,097.35 189 5.13%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 14,514.87 63 9.19%
2 Goldman Sachs 13,469.15 66 8.53%
3 Citi 9,971.36 58 6.32%
4 Morgan Stanley 8,572.10 54 5.43%
5 UBS 8,414.70 37 5.33%