Dresdner Boosts Convertible Asset Swaps Capabilities

  • 21 Oct 2002
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Dresdner Kleinwort Wasserstein has hired Yannick Naud, head of convertible asset swaps trading at Crédit Agricole Indosuez in London, to kick start its convertible asset swap trading desk. Dresdner has been active in this area for around two years, however, until now it executed trades on an ad hoc basis by the convertible bond team, according to a firm spokeswoman. In current market conditions, where spreads on convertibles are widening, convertible asset swaps present more interesting opportunities for clients, according to the spokeswoman.

Naud had originally been scheduled to move to New York with Crédit Agricole and head a global structured product team the firm is in the process of creating. Naud said he joined DrKW because it is offering an exciting challenge, but declined to elaborate. But, industry officials said another factor contributing to Naud's departure was doubts over how Crédit Agricole's new desk would fit in with similar operations the bank already runs.

Naud reports to Jim Peattie, global head of convertibles at Dresdner in London, who declined comment. A spokeswoman at Crédit Agricole did not return calls.

  • 21 Oct 2002

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 325,692.23 1268 8.08%
2 JPMorgan 318,171.08 1387 7.90%
3 Bank of America Merrill Lynch 293,301.12 1008 7.28%
4 Barclays 245,918.13 920 6.10%
5 Goldman Sachs 217,162.09 730 5.39%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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1 BNP Paribas 45,800.95 180 7.01%
2 JPMorgan 44,256.04 91 6.78%
3 UniCredit 35,452.34 152 5.43%
4 Credit Agricole CIB 33,170.05 159 5.08%
5 SG Corporate & Investment Banking 32,244.80 125 4.94%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 13,643.79 60 8.96%
2 Goldman Sachs 13,204.47 65 8.67%
3 Citi 9,716.40 55 6.38%
4 Morgan Stanley 8,471.86 53 5.56%
5 UBS 8,136.41 33 5.34%