PIMCO Adds PMs In Europe

  • 14 Oct 2001
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Pacific Investment Management Company has added two senior portfolio managers to its European team in an effort to gain more mandates for its European products and to compete for more third-party business. Joe McDevitt, executive v.p. and head of PIMCO's London office, said, "We're trying to become more of a core manager in the European fixed-income market. Clients tended to see us as a global, U.S., investment-grade and high-yield manager." PIMCO has roughly $7.5 billion in U.S. core bond and specialty mandates under management for European clients, said McDevitt.

The firm has hired Emanuele Ravano from Credit Suisse Asset Management to head fixed-income portfolio management in London and to focus on mandates in the U.K. and Europe. Ravano will join PIMCO next year, said McDevitt. And Scott Mather, a senior member of the firm's portfolio management and strategy group, has moved from its headquarters in Newport Beach, Calif., to Munich, to head portfolio management there. Mather's replacement could not be determined by press time.

  • 14 Oct 2001

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 5,997 17 15.40
2 Citi 4,679 16 12.02
3 Lloyds Bank 3,158 6 8.11
4 Bank of America Merrill Lynch (BAML) 3,104 10 7.97
5 Morgan Stanley 3,066 8 7.88

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 69,310.90 231 10.40%
2 JPMorgan 64,579.62 197 9.69%
3 Wells Fargo Securities 51,322.59 157 7.70%
4 Bank of America Merrill Lynch 50,413.91 166 7.56%
5 Credit Suisse 47,114.03 149 7.07%