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Marcus Klug, managing director at UNIQA Alternative Investments, summed up the problem of downgrades: "Obviously if something goes from triple-A to triple-C, you are screwed."

  • 26 Mar 2004
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*Marcus Klug, managing director at UNIQA Alternative Investments, summed up the problem of downgrades: "Obviously if something goes from triple-A to triple-C, you are screwed."

 

*Andrew Irvine, a 10-year veteran of investment banking and recent co-founder of Nova Investment Group in London, was the only man brave enough to answer a delegate's question on why the bid and offer are so far apart on structured credit transactions. "Welcome to investment banking," he quipped.

  • 26 Mar 2004

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 5,997 17 15.40
2 Citi 4,679 16 12.02
3 Lloyds Bank 3,158 6 8.11
4 Bank of America Merrill Lynch (BAML) 3,104 10 7.97
5 Morgan Stanley 3,066 8 7.88

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 69,085.90 230 10.56%
2 JPMorgan 63,371.79 193 9.69%
3 Wells Fargo Securities 50,770.30 154 7.76%
4 Bank of America Merrill Lynch 50,061.19 163 7.66%
5 Credit Suisse 45,499.96 141 6.96%