Fidelity Hires Derivatives Chief

Fidelity has hired an equity flow sales exec as head of derivatives for European funds.

  • 06 Feb 2006
Email a colleague
Request a PDF
Fidelity International has hired Stephen Fulford, former European head of equity derivative flow sales at Dresdner Kleinwort Wasserstein, in a new role as head of derivatives for European funds. Fulford said the role is a broad one, encompassing derivative strategies for both equity and fixed income funds.

Fidelity already uses some option and swap strategies in certain funds and although it will be building on these, it has no plans at present to launch its own credit or equity structuring business in the mould of other asset managers such as Henderson Global Investors or Schroder Investment Management. Fulford said the firm will be using derivatives in a fairly mainstream manner. "It will be a slow, steady march," he said, quipping, "We will not start a volatility or correlation trading book."

Fulford left Dresdner last year in the wake of a reorganization which sparked a string of senior departures (DW, 9/9).
  • 06 Feb 2006

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 163,028.47 711 8.04%
2 Citi 160,005.15 642 7.90%
3 Bank of America Merrill Lynch 132,268.74 528 6.53%
4 Barclays 127,185.71 494 6.28%
5 HSBC 106,407.22 534 5.25%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 12,912.95 35 6.60%
2 BNP Paribas 12,334.48 61 6.31%
3 UniCredit 11,196.47 58 5.73%
4 Citi 9,580.75 37 4.90%
5 Deutsche Bank 8,953.95 35 4.58%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 5,578.64 26 10.66%
2 JPMorgan 4,866.13 28 9.30%
3 Goldman Sachs 4,404.70 21 8.41%
4 Citi 3,774.39 24 7.21%
5 UBS 3,602.23 16 6.88%