ICAP Closes Weather, Environmental Products Desk

  • 26 May 2003
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ICAP has shut its weather and environmental derivatives desk after the two markets failed to take off. ICAP's desk had three staffers, head of the desk, Clive Murray, weather broker Katleen de Cock and environmental products broker James Emanuel. One official said the weather derivatives industry has almost vanished, with only a couple of trades being executed a week.

The firm started brokering environmental products in April 2002 (DW, 4/14/02). Paul Newman, head of commodities in London, did not return calls.

  • 26 May 2003

All International Bonds

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1 Citi 241,977.38 927 8.19%
2 JPMorgan 223,817.40 997 7.58%
3 Bank of America Merrill Lynch 216,160.55 723 7.32%
4 Barclays 185,098.93 672 6.27%
5 Goldman Sachs 158,991.47 518 5.38%

Bookrunners of All Syndicated Loans EMEA

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1 JPMorgan 32,522.19 61 6.54%
2 BNP Paribas 32,284.10 130 6.49%
3 UniCredit 26,992.47 123 5.43%
4 SG Corporate & Investment Banking 26,569.73 97 5.34%
5 Credit Agricole CIB 23,807.36 111 4.79%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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1 Goldman Sachs 10,167.68 46 8.81%
2 JPMorgan 9,894.90 42 8.58%
3 Citi 8,202.25 45 7.11%
4 UBS 6,098.17 23 5.29%
5 Credit Suisse 5,236.02 28 4.54%