BofA Loses Another Head To BlueCrest

BlueCrest Capital Management, has nabbed two more senior Bank of America interest rate staffers.

  • 25 Apr 2004
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BlueCrest Capital Management, has nabbed two more senior Bank of America interest rate staffers. Peter McConnon, head of the proprietary interest rates trading desk at BofA in London, and David Abbou, a trader, recently joined the hedge fund. Bluecrest is the ninth largest hedge fund manager in Europe with some USD3 billion under management according to DW's sister magazine Alpha. The duo will join the previous head of BofA's prop desk, Rob Kitchen, and the former head of interest rate trading, Neil Mason (DW, 3/17/03). McConnon confirmed the move, but declined further comment and Abbou could not be reached.

Shabaz Rasool, a trader on the prop desk, is also leaving BofA, and will join Citigroup in a similar role. These departures leave BofA's five-strong prop group with just a junior trader and an analyst, according to Rhiannedd Brooke, spokeswoman at BofA, who said the bank is in the process of hiring replacements and intends to expand the group. The team reported to Ashwin Kumar, European head of strategic trading in London, who referred calls to Brooke.

  • 25 Apr 2004

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 330,488.64 1282 8.09%
2 JPMorgan 322,584.56 1394 7.90%
3 Bank of America Merrill Lynch 296,928.01 1015 7.27%
4 Barclays 249,873.33 927 6.12%
5 Goldman Sachs 220,211.32 736 5.39%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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1 BNP Paribas 46,112.22 182 6.98%
2 JPMorgan 44,545.29 93 6.74%
3 UniCredit 35,639.50 153 5.39%
4 Credit Agricole CIB 33,211.72 160 5.03%
5 SG Corporate & Investment Banking 32,419.80 126 4.91%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 13,792.73 61 8.96%
2 Goldman Sachs 13,469.15 66 8.75%
3 Citi 9,716.40 55 6.31%
4 Morgan Stanley 8,471.86 53 5.50%
5 UBS 8,248.12 34 5.36%