Steve Bellotti, DrKW

  • 22 Jun 2005
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Name: Steve Bellotti
Institution: Dresdner Kleinwort Wasserstein
Date joined: September 2004
Title: Global head of capital markets
Previous job before hire: Chief executive officer, Aspen Blue Sky Holdings
Years in capital markets: 21
First job in capital markets: Money market trader, JP Morgan, Sydney
Family Married with two children
Lives in: London

Steve Bellotti has been swift in bringing about change in Dresdner Kleinwort Wasserstein's debt capital markets division since the former Merrill Lynch banker joined as global head of capital markets in September 2004.

Bellotti, an aggressive Australian whose appointment ruffled a few feathers, wasted no time in getting to work on the structure of DrKW's fixed income business to realign it with that seen elsewhere on the street.

Having created unified teams in sectors including leveraged finance and derivatives, Bellotti's most recent move was to combine DrKW's credit, interest rate trading, principal trading and agency lending businesses in early June of this year.

The move, which is the third overhaul of DrKW's debt business in as many years, effectively created a global fixed income group, bringing DrKW in line with other investment banks. The group is now more focused on higher margin businesses such as derivatives and structured products.

Malcolm Perry (qv), a former JP Morgan banker who joined in April as head of credit, was appointed to take charge of the fixed income team. His ascension followed the resignation of Erich Pohl, chairman of the German business and former head of global debt at the German bank, who stepped down in the second week of June, prompting the reorganisation that ensued.

There are three elements, according to Bellotti, that will now shape the bank's capital markets business — a focus on customer business as opposed to proprietary trading; a much greater emphasis on transparency of risk across all businesses; and a commitment to the German marketplace, signaled by an expansion of the bank's operations.

Bellotti made a name for himself as head of European fixed income and foreign exchange at Merrill Lynch in London, at a time when the bank was acknowledged as king of the Euromarkets. He left the US bank in 2000 and for the next four years had been running a US property investment company in Aspen, Colorado, called Aspen Blue Sky Holdings.

  • 22 Jun 2005

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 416,634.23 1594 9.03%
2 JPMorgan 379,647.36 1732 8.23%
3 Bank of America Merrill Lynch 359,625.73 1304 7.80%
4 Barclays 267,126.92 1079 5.79%
5 Goldman Sachs 267,110.09 921 5.79%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 45,314.03 193 6.64%
2 Deutsche Bank 37,536.19 138 5.50%
3 BNP Paribas 36,532.54 211 5.36%
4 JPMorgan 34,490.59 115 5.06%
5 Bank of America Merrill Lynch 33,700.87 110 4.94%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 22,398.41 104 8.67%
2 Morgan Stanley 19,092.40 102 7.39%
3 Citi 17,768.49 110 6.88%
4 UBS 17,693.89 71 6.85%
5 Goldman Sachs 17,256.05 98 6.68%