Secondary Shop Plans High-Yield Hires

BB&T Capital Markets, a securities house that recently started a high-yield business, is looking to expand its high-yield research and sales efforts by hiring an analyst and a handful of salesmen for its new office in Red Bank, N.J.

  • 15 Dec 2003
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BB&T Capital Markets, a securities house that recently started a high-yield business, is looking to expand its high-yield research and sales efforts by hiring an analyst and a handful of salesmen for its new office in Red Bank, N.J. The firm is on the verge of hiring a head of high-yield research and also plans to bring on professionals to distribute high-yield bonds. The hires are new and are part of the firm's plans to form a staff of roughly 35 professionals engaged in the high-yield and convertible bond secondary markets.

Ted Luse, head of fixed income in Richmond, Va., says the hires are expected to be approved in the coming days and are part of a natural progression within the firm. He declined further comment until the hires are approved internally. The broker-dealer jumpstarted its corporate bond business earlier this year when it hired two high-yield traders from Raymond James & Associates (BW, 5/19).

  • 15 Dec 2003

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 80,818.31 235 11.57%
2 Bank of America Merrill Lynch 66,338.04 186 9.50%
3 Wells Fargo Securities 56,344.19 164 8.07%
4 JPMorgan 53,381.65 156 7.64%
5 Credit Suisse 44,872.46 115 6.43%