. . . As Lufkin Builds His Own Debt Firm

Chauncey Lufkin, formerly the cio of Franklin Advisers debt group, is up and running with his new firm Lufkin Advisors.

  • 07 May 2004
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Chauncey Lufkin, formerly the cio of Franklin Advisers debt group, is up and running with his new firm Lufkin Advisors. Bankers said he has taken a couple of his old team from Franklin for the new venture, including bank loan trader Kirk Wallace and a research analyst. Lufkin did not return calls before press time. Market sources said Lufkin is now active in the market and has committed to deals.

Lufkin left Franklin about the same time as Richard D'Addario. The reasons both left could not be ascertained, but there was a reorganization following the departure. The bank loan group was split into two teams--institutional led by David Ardini and retail led by Richard Hsu. Institutional now has responsibility for the CLOs, and retail now manages the closed-end and open-end funds. The group hired three new people, including R.J. Cruz, who serves as portfolio manager. A trader and research analyst were hired to replace the departing team members.

Both D'Addario and Lufkin have presence in the market, and several bankers said they were excellent at raising money for the Franklin CLO business. This prompted one banker to speculate that Franklin may have to bring someone on board in this capacity. "Intellectually, they are fine at credit," said one banker. But raising new money is another issue, he said. A Franklin spokeswoman declined comment.

  • 07 May 2004

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 15,256 32 16.83
2 Bank of America Merrill Lynch (BAML) 10,179 30 11.23
3 Citi 9,751 23 10.76
4 Lloyds Bank 7,329 24 8.09
5 JP Morgan 6,580 10 7.26

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 RBC Capital Markets 801.51 2 13.30%
2 Citi 783.55 4 13.01%
3 Wells Fargo Securities 606.78 3 10.07%
4 Credit Suisse 534.82 2 8.88%
5 SG Corporate & Investment Banking 497.64 2 8.26%