S&P Seeks Half-Dozen Hires For CDO Biz In New York

Standard & Poor's is seeking to hire roughly a half dozen professionals for its collateralized debt obligation business in New York, according to David Tesher, managing director and head of cash flow and market value CDOs.

  • 23 Jul 2004
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Standard & Poor's is seeking to hire roughly a half dozen professionals for its collateralized debt obligation business in New York, according to David Tesher, managing director and head of cash flow and market value CDOs. He said the hires would work in new roles in S&P's analytical effort and would be made as senior as the associate director level. "The individuals would be dedicated quants or primary analysts" on CDO transactions, he said. Tesher said the new hires are needed because the rating agency's CDO business has grown. Overall this year, roughly $32 billion in CDOs have been priced and another $20 billion or so worth of new paper is in the pipeline, according to data from Credit Suisse First Boston.

  • 23 Jul 2004

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 81,261.11 236 11.54%
2 Bank of America Merrill Lynch 66,433.81 187 9.43%
3 Wells Fargo Securities 57,637.40 170 8.18%
4 JPMorgan 53,570.42 158 7.61%
5 Credit Suisse 45,349.30 117 6.44%