Deutsche Bank Beefs Up HY Credit Trading

Deutsche Bank is beefing up its high-yield credit derivatives trading desk in the U.S. and has transferred Chip Stevens, senior investment-grade credit derivatives trader, to co-head the high-yield activity.

  • 09 May 2004
Email a colleague
Request a PDF

Deutsche Bank is beefing up its high-yield credit derivatives trading desk in the U.S. and has transferred Chip Stevens, senior investment-grade credit derivatives trader, to co-head the high-yield activity. Client interest in both investment-grade and high-yield credits as well as the growth in high-yield index products has encouraged the firm to add more resources to the desk, Stevens noted.

The desk is operating as a joint venture with the firm's investment-grade trading desk. Deutsche Bank has also hired Rob Weintraub, a loan portfolio trader at Merrill Lynch, as a high-yield credit derivatives trader and may make further hires opportunistically, he added. Weintraub declined comment. Michael DuVally, spokesman at Merrill in New York, declined comment.

  • 09 May 2004

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 29,333.03 101 7.94%
2 JPMorgan 27,208.83 91 7.37%
3 Barclays 23,714.00 55 6.42%
4 Bank of America Merrill Lynch 20,332.10 65 5.50%
5 Goldman Sachs 20,005.21 49 5.42%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Mizuho 299.85 1 21.73%
1 ING 299.85 1 21.73%
1 Commerzbank Group 299.85 1 21.73%
1 BNP Paribas 299.85 1 21.73%
5 UBS 60.22 1 4.36%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 1,607.28 5 23.03%
2 Credit Suisse 1,301.65 4 18.65%
3 UBS 970.80 3 13.91%
4 BNP Paribas 522.35 4 7.49%
5 SG Corporate & Investment Banking 444.17 3 6.37%