Buy-Side MBS Chief Departs

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  • 08 Sep 2003
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Richard Smith has left MFS Investment Management where he was head of mortgage-backed securities. Smith was unavailable to comment. He departed two weeks ago, says company spokesman John Reilly, and his portfolio management duties have been assumed by the company's fixed-income investment policy committee. He declined to give a reason as to why Smith departed, nor what Smith's future plans may be. Smith joined the fund manager in 1993, after spending seven years at Salomon Brothers.

Smith oversaw all the company's MBS activity, which amounted to approximately $1 billion spread across several government bond and MBS mutual funds, says Reilly. Several Street sales pros argue that MFS' total MBS under management was closer to $3-5 billion, including separately managed accounts.

  • 08 Sep 2003

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 117,261.12 337 11.09%
2 Bank of America Merrill Lynch 94,721.79 272 8.96%
3 JPMorgan 92,612.23 269 8.76%
4 Wells Fargo Securities 82,597.19 239 7.81%
5 Credit Suisse 69,442.99 183 6.57%