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European ECM Origination Dream Team

15 Jun 2004

Captain: Michael Lavelle, Citigroup
After starting as a graduate trainee at Morgan Stanley in 1991, Michael Lavelle moved into equities with Kleinwort Benson in February 1993. He was later made co-head of its equity syndicate.
In 1996 Lavelle left Kleinwort Benson, along with head of ECM John St John. Both men took up equivalent positions at Salomon Smith Barney. When St John left SSB for Lehman Brothers in 1999, Lavelle, at the age of 29, became the new head of the business. He had been made a managing director the previous year, at 28 one of the youngest in the firm?s history.
Since then SSB, now Citigroup, has become a major player in European ECM, winning International Equity Review?s global and European equity bookrunner awards in 2003.
According to Dealogic, the house had a mere 0.5% share of the European equity underwriting marketing in 2000, but by 2003 this had increased to 7.3%.
Lavelle has worked on the privatisation of National Power, now Powergen, and issues for Dutch national telecom company KPN.
He is married with two children, and is a fan of football club Leeds United. An endurance sports enthusiast, Lavelle also feature in the Global ECM Origination Dream Team.

Philippe Dischamps, JP Morgan
Philippe Dischamps has spent his entire banking career with JP Morgan. He joined the firm?s Paris office in 1987, working initially in M&A and corporate finance.
He moved to London in 1991, and in 1995 was made head of capital markets France and Belgium. In 1999 he was made head of ECM for the region, before a brief stint as head of general industrials. In 2002 he was re-appointed head of ECM France and Belgium.
Last year Dischamps worked on Lafarge?s Eu1.3bn rights issue in June and in August he helped JP Morgan win the mandate for the French government?s sale of an 8.5% stake in Renault.

Rupert Hume-Kendall, Merrill Lynch
Merrill Lynch?s co-head of EMEA corporate capital markets and financing, Rupert Hume-Kendall, began his market career as a corporate broker at Hoare Govett in 1988. In 1992 he joined UBS, and from 1995 to 1997 he ran the bank?s equity syndicate desk.
While at UBS he was one of those involved in the development of the accelerated global tender issue structure which has now become an industry standard.
Hume-Kendall now concentrates on Merrill Lynch?s largest corporate clients and this year played a key role in winning the global co-ordinator mandate for RBS?s Eu2.5bn accelerated placement of new shares in May.
Hume-Kendall, 42, is married with three children. He is a keen golfer with a handicap of 12.

John Hyman, Morgan Stanley
John Hyman?s biography can be found in the European ECM Dream Team.

Sophie Javary, ABN Amro
Sophie Javary has worked in equity capital markets since 1988. A fluent French speaker, she has had a hand in some of France?s most important deals of the past decade, including IPOs for Eurodisney and Renault. She also played an advisory role in the Tresor?s divestment of Total and the privatisation of Crédit Lyonnais.
Javary has kept up her expertise in the French market and is involved in the privatisation of Air France.
She also worked on the Eu922m sale of a 30% stake in broadcaster M6 by Suez this year. When not helping to change the face of French industry, Javary, a mother of three, enjoys skiing and the theatre.

Charles Kirwan-Taylor, Credit Suisse First Boston
Charles Kirwan-Taylor is head of UK corporate broking at CSFB ? an increasingly important market recently strengthened with the hire of Piers de Montfort from Morgan Stanley ? and joint head of European ECM in London.
A cycling enthusiast ? he has raced a stage of the Tour de France ? Kirwan-Taylor has been involved in the management of European ECM since 1998 and responsible for the corporate broking business since 2001.
Before joining CSFB in 1998, Kirwan-Taylor was co-head of international ECM at BZW, where he worked for seven years. Before that he was a director and head of equity syndicate at Kleinwort Benson. He started his career at JP Morgan.

Franck Petitgas, Morgan Stanley
Franck Petitgas? biography can be found in the Global ECM Dream Team. He also features in the Global ECM Origination Dream team, the European ECM Dream Team, the European Equity-Linked Dream team, and the European Equity-Linked Origination Dream Team.

James Renwick, UBS
James Renwick?s biography can be found in the European ECM Dream Team.

Brigitte Richard-Hidden, SG CIB
Starting her career as a technology analyst at Crédit Commercial de France in 1984, Brigitte Richard-Hidden, 44, became a director of ECM at the bank in 1990, after working as head of technology research.
In 1996 she was appointed director of French ECM origination at SG. Since joining the bank she has worked on equity financing deals for some of the largest French companies, including issues for Vivendi Universal and Veolia Environnement.
This May she helped originate and manage the Eu515m spin-off and IPO of French smart card manufacturer Axalto for Schlumberger.
Richard-Hidden is married with three children, and enjoys skiing and travel.

Isabelle Salaun, Deutsche  Bank
Trained as a mathematician, Isabelle Salaun?s career has included designing neural networks at French engineering company Alstom and teaching mathematics to university students.
In the equity capital markets she is better known for her work on Métaleurop?s capital increase and the Ffr41.6bn (Eu6.3bn) IPO of France Télécom in 1997, where she advised the French government.
Salaun began her banking career at Crédit Commercial de France in 1991. From there she moved to Deutsche Morgan Grenfell?s investment banking division in 1995. She left the bank in 1998 for Groupe Euris and a brief stint at Merrill Lynch, before rejoining Deutsche in 1999 to work in corporate finance. In her spare time Salaun enjoys playing the piano.

Matthew Westerman, Goldman Sachs
Matthew Westerman?s biography can be found in the Global ECM Dream Team. Westerman also features in the Global ECM Origination Dream Team and the European ECM Dream Team.


TOP BANKS BY TEAM PLAYERS' INSTITUTION
Morgan Stanley2
ABN Amro1
Citigroup1
Credit Suisse First Boston1
Deutsche Bank1
Goldman Sachs1
JP Morgan1
Merrill Lynch1
SG CIB1
UBS1
15 Jun 2004