BNP Paribas Strengthens Bench With JPM Hires

BNP Paribas has added two J.P. Morgan staffers to its syndication, trading and placement group in order to strengthen the banks' U.S. business.

  • 08 Apr 2005
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BNP Paribas has added two J.P. Morgan staffers to its syndication, trading and placement group in order to strengthen the banks' U.S. business. Patricia Brill, managing director, will lead the high-grade team, and Thomas Bailey, director, will be head of ratings advisory. Both will report to Bucky Khan and Dan Whalen, co-heads of loan syndication, trading and placement.

"We are part of a global syndication effort," said Whalen. "Globally, in syndications, we [were] ranked number four in 2004, we are highly ranked number one in the Euro Zone, and we are ranked number three in Latin America and somewhat further down the league tables in the U.S. We think that the addition of Pat and Tom, as well as other recent hires in syndication and placement, will position us to significantly improve our position so we are consistently in the top 10 of lead arrangers of bank debt in North America."

In June, Kathryn Swintek, head of the bank's U.S. leveraged finance group, said BNP Paribas was looking to increase its leveraged buyout underwriting commitments. Last week the firm tapped Greg Paul, a managing director at Deutsche Bank to be head of leveraged media telecommunications. Previously, BNP Paribas brought over Geoffrey Manna, a managing director from Credit Suisse First Boston, for financial sponsor coverage (LMW, 6/18).

In October, Edith Aviles de Kostes, managing director, moved to the leveraged finance group from D.F. Hadley & Co. (10/29).

In her new position, Brill will focus on corporate business, generally investment grade, although she will see some non-investment grade. She had worked at J.P. Morgan for more than 20 years, serving as a managing director in the leveraged finance division since 1996. She was primarily responsible for the industrial and consumer sector focusing on retail, defense, airlines and pharmaceuticals. As head of ratings advisory, Bailey will work with the three ratings agencies. He will be working with issuers, equity sponsors and corporates on what impact various ratings will have on different debt structures. Whalen and Khan said this position was being done on an ad hoc basis within the group prior to Bailey's arrival.

Before joining BNP Paribas, Bailey worked in London for J.P. Morgan focusing on leveraged finance and European emerging market ratings advisory. Before the J.P. Morgan/Bank One merger, he had started and managed the ratings advisory practice at Bank One in Chicago.

  • 08 Apr 2005

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 10,542 20 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 79,222.71 230 11.49%
2 Bank of America Merrill Lynch 65,088.22 185 9.44%
3 Wells Fargo Securities 55,825.35 161 8.10%
4 JPMorgan 52,873.25 155 7.67%
5 Credit Suisse 44,197.08 113 6.41%