Dealer Makes Senior Sales, Research Hires For Junk Biz

  • 09 Mar 2003
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KBC Financial Products has hired two senior analysts and a senior salesman as it continues its effort to grow its high-yield business, says Joe Garofoli, managing director at the New York-based unit of Belgium's KBC Bank.

The latest hires include Avi Steiner, an analyst who follows the cable, broadcasting and media sectors, and David Hargreaves, a gaming and lodging analyst. Steiner joins from TD Securities, which recently shuttered its high-yield distribution business (BW, 3/3). He will be a v.p. A call to Brendan O'Halloran, TD's group head of U.S. capital markets, was not returned. Hargreaves left DrKW-Grantchester during large-scale cutbacks at that firm last December (BW, 12/5). He joins as a senior v.p. Chris Majak, who joins as a senior v.p. and high-yield salesman, moves over from Barclays Capital in London, though he had worked in the U.S. earlier in his career. Neil Cummins, London-based global sales head at Barclays, says he plans to replace Majak, and make an additional senior sales hire. Garofoli says further hires are planned for the high-yield unit, but he declines to elaborate.

  • 09 Mar 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 %
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1 Citi 1,712.34 6 12.44%
2 SG Corporate & Investment Banking 1,292.64 1 9.39%
2 Rabobank 1,292.64 1 9.39%
4 Mizuho 1,215.54 3 8.83%
5 Wells Fargo Securities 1,012.71 4 7.36%