Top J.P. Morgan Government Bond Official Leaves

Tom Connor, head of the primary dealership at J.P. Morgan, has left the firm hot on the heels of the departure of Mark Werner.

  • 22 Oct 2004
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Tom Connor, head of the primary dealership at J.P. Morgan, has left the firm hot on the heels of the departure of Mark Werner. Werner, deputy head of bond trading for the Americas, left earlier this month and was tapped last week as head of fixed-income and equity capital markets at Banc of America Securities.

One outside official said it appears likely Werner would recruit former fixed-income colleagues from J.P. Morgan in New York to work with him in his new role at BofA and Connor falls in that realm. Connor, who one official familiar with the situation said resigned once Werner's new role was announced, did not respond to messages and could not be reached by press time. A J.P. Morgan official said, "there is a lot of uncertainty here."

Michael Dorfsman, spokesman for J.P. Morgan, confirmed Connor has left the bank and declined further comment. Jennifer DiClerico, spokeswoman for BofA, also declined comment. As for Werner, he replaces Jon Sandelman, who had taken over as head of equity and debt capital markets about seven months ago after moving up from a top equity derivatives role. Sandelman is leaving BofA this week to start a hedge fund.

Separately, J.P. Morgan last week released a 13% fall in third-quarter earnings, fueled in part by a 44% drop in fixed-income trading profits.

  • 22 Oct 2004

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 117,261.12 337 11.09%
2 Bank of America Merrill Lynch 94,721.79 272 8.96%
3 JPMorgan 92,612.23 269 8.76%
4 Wells Fargo Securities 82,597.19 239 7.81%
5 Credit Suisse 69,442.99 183 6.57%