I-Grade Trader Leaves HSBC, Reportedly For HY Shop

BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.

  • 09 Jun 2003
Email a colleague
Request a PDF

Dennis Angeles has left HSBC Securities, where he was an investment-grade trader focusing on bonds with short maturities. Angeles was the sole short-end traders remaining after Paul Stendig and Kris Deodato, Angeles' former supervisor, who had also traded the short book, recently left the firm to join J.P. Morgan Securities.

HSBC has suffered a steady stream of departures this year after a mass exodus last year, but firm officials insist the rebuilding effort is already underway (BW, 5/25). A call to Mike Allen, managing director, corporate bond trading, was referred to Pamela Plehn, a firm spokeswoman, who declined comment.

Angeles will join Miller Tabak Roberts Securities to trade high-yield industrial and crossover credits, according to former colleagues. He did not return a call to his mobile phone, and Ken Casey, head trader at Miller Tabak, says "We decline to comment on anything that isn't official yet."

  • 09 Jun 2003

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 120,318.45 348 12.72%
2 Bank of America Merrill Lynch 104,269.08 299 11.02%
3 Wells Fargo Securities 88,761.07 266 9.38%
4 JPMorgan 69,240.12 209 7.32%
5 Credit Suisse 51,560.77 157 5.45%