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 70,767.73 236 8.54%
2 JPMorgan 65,265.75 234 7.87%
3 Barclays 57,136.89 188 6.89%
4 Bank of America Merrill Lynch 49,197.71 178 5.93%
5 Deutsche Bank 44,635.32 162 5.38%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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1 Bank of America Merrill Lynch 6,812.19 7 16.21%
2 Deutsche Bank 3,538.77 6 8.42%
3 Citi 2,570.45 7 6.12%
4 Commerzbank Group 2,532.05 5 6.02%
5 BNP Paribas 1,798.71 8 4.28%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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1 UBS 998.25 3 11.59%
2 Citi 801.18 3 9.31%
3 Morgan Stanley 606.80 4 7.05%
4 Bank of America Merrill Lynch 509.34 3 5.92%
5 SG Corporate & Investment Banking 431.66 3 5.01%