Merrill Brings On Deutsche Bank's Mestanas

Trip Mestanas, a more than 20-year veteran of the mortgage-backed securities markets, has left Deutsche Bank to join Merrill Lynch.

  • 26 Mar 2004
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Trip Mestanas, a more than 20-year veteran of the mortgage-backed securities markets, has left Deutsche Bank to join Merrill Lynch. At Deutsche Bank, Mestanas was a managing director and head of pass-through trading. A trader on the desk confirmed his departure. Mestanas will be the head of pass-though trading at Merrill and will report to Barry Wittlin, head of global rates group. He starts at Merrill in May.

Michele Agostinho, spokeswoman for Deutsche Bank, and Michael DuVally, spokesman for Merrill, could not provide more information.

The hires comes as part of Merrill's continuing effort to expand its MBS trading operations, according to people familiar with the developments.

  • 26 Mar 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 %
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1 Citi 81,261.11 236 11.52%
2 Bank of America Merrill Lynch 66,433.81 187 9.42%
3 Wells Fargo Securities 57,637.40 170 8.17%
4 JPMorgan 53,570.42 158 7.59%
5 Credit Suisse 45,349.30 117 6.43%