Payden & Rygel Hires Senior Credit Veteran From Allstate

  • 02 Jun 2002
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Payden & Rygel, a Los Angeles money manager with $34 billion in taxable fixed-income assets, has hired S. V. Balachander to the new position of senior v.p. and credit strategist. Brian Matthews, managing principal at Payden & Rygel, says he hired Balachander because the firm is growing its asset base and is always looking for good people. He will report to Chris Orndorff, managing principal in charge of credit.

Balachander has 17 years of fixed-income experience. Most recently, he was a high-grade analyst at Allstate, where he also chaired the sovereign credit committee. Allstate expects to fill the position vacated by Balachander in the next month, says Mike Trevino, a firm spokesman.

  • 02 Jun 2002

GlobalCapital European securitization league table

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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

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3 SG Corporate & Investment Banking 1,292.64 1 7.32%
3 Rabobank 1,292.64 1 7.32%
5 Bank of America Merrill Lynch 1,226.20 5 6.94%