Jeffrey Werner

  • 20 Jun 2003
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Jeffrey Werner, treasurer of GECC between 1988 and November 2001, was not one to mince his words. It was at a Euromoney conference in 1992 that the ex-Navy man and Harvard graduate laid down the law to investment bankers. "It is my job to fund our assets as cheaply as possible," he reminded his audience. "It is not my job to provide liquidity in markets. It is not my job to develop the market in Europe... And finally it is not my job to provide investment bankers with vacation villas and BMWs."

As treasurer of a triple-A rated borrower officially categorised as a corporate, Werner could afford to dictate terms, but although a demanding and uncompromising borrower, he was widely respected for being scrupulously fair.

He was also one of the most prolific and inventive users of the CP and MTN market in the 1980s and 1990s. Indeed, one banker was quoted in 1996 as describing GECC as "better than the World Bank" as a borrower. High praise indeed for an issuer that had sometimes looked parochial before Werner's arrival.

  • 20 Jun 2003

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 417,761.51 1606 9.02%
2 JPMorgan 380,362.89 1737 8.21%
3 Bank of America Merrill Lynch 364,928.71 1322 7.88%
4 Goldman Sachs 269,252.76 932 5.82%
5 Barclays 267,252.43 1082 5.77%

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%