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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 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 118,826.70 342 11.07%
2 Bank of America Merrill Lynch 94,721.79 272 8.82%
3 JPMorgan 92,878.89 270 8.65%
4 Wells Fargo Securities 82,807.12 240 7.71%
5 Credit Suisse 70,475.74 184 6.57%