AIG To Establish Hong Kong Desk, Taps Morgan Stanley Bigwig

  • 14 Mar 2006
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AIG Financial Products is setting up a cross-product derivatives desk in a planned office in Hong Kong and is bringing aboard Aditya Rana, executive director at Morgan Stanley in Hong Kong, to establish a CDO structuring effort for Asia. A senior official at Banque AIG confirmed the start of an operation across asset classes, but declined to further elaborate on the details. "We see a lot of potentials in Greater China," said the official. The firm has a long-running Japanese business, for which it launched a structured private placement desk in Tokyo by hiring a team from JPMorgan last year (DW, 4/8).

Other market officials familiar with the situation said Rana will join AIG in the coming weeks to oversee a credit and CDO structuring effort for the region. Rana worked at Morgan Stanley for over a decade in rates and credit derivatives, most recently heading up credit derivative sales and structuring for the region. He did not return messages placed to his mobile phone by press time. Robert Breden, head of Asian investment grade trading and structuring at Morgan Stanley in Tokyo, did not respond to messages by press time. 
  • 14 Mar 2006

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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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 %
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1 HSBC 45,449.36 196 6.56%
2 BNP Paribas 38,734.80 217 5.59%
3 Deutsche Bank 37,615.10 139 5.43%
4 JPMorgan 34,724.19 118 5.01%
5 Bank of America Merrill Lynch 33,835.53 112 4.88%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 22,475.46 105 8.65%
2 Morgan Stanley 19,057.00 101 7.34%
3 Citi 17,812.08 111 6.86%
4 UBS 17,693.89 71 6.81%
5 Goldman Sachs 17,333.10 99 6.67%