Search results for

Paul Raphael took over as head of European equity and equity-linked capital markets at Credit Suisse First Boston in May 2004 and was recently promoted to co-head of the global market solutions group (GMSG), the newly integrated ECM, DCM, leveraged finance and structured finance business. The equity and equity-linked move was somewhat unexpected given Raphael's previous position as co-head of French investment banking and chairman of emerging markets in Europe at Merrill Lynch.

EuroWeek marked Piero Overmars out two years ago as a high flyer when it included the Dutchman in its top 40 under 40s section of the 2003 Celebration of Excellence. This year he is included again after being promoted to the position of CEO of wholesale clients at ABN Amro.

>

After nine years with ABN Amro, Paul White was promoted to global head of syndicate in April this year, the latest step in an 18 year career that began when he joined Morgan Grenfell as a graduate trainee in 1987. From Grenfell he moved on to Crédit Lyonnais to work in the sterling and eurosterling markets, before arriving at IBJ in 1990 to work on the syndicate desk.

Phil Lipton started as head of loan distribution at HSBC in Hong Kong in May 2004, stepping into a position previously held by Eleanor Lee. He joined after 2-1/2 years at Banca Intesa, where he was head of syndications, Asia Pacific. Before that, Lipton spent seven years with another Asian heavyweight, Standard Chartered. Lipton says he was given a mandate to further push HSBC's presence in markets outside its traditional Hong Kong stronghold. "The loan market in Hong Kong has become tougher," argues Lipton. "There re fewer sole mandates and arranger groups are becoming larger and larger. It was getting more difficult to have only Hong Kong as our bread and butter — we really had to look more widely in Asia."

BNP Paribas's securitisation group was one of the most successful in Europe at the end of the 1990s, but then nearly all the team left for CSFB and the bank lost its grip on the top of the leader board. It did not help that the Italian market, where Paribas had been a leader during the difficult early years, became painfully competitive as other banks bought their way in.

Raju Shukla was made head of investment banking for Singapore, Indonesia and the Philippines at Barclays Capital in September 2004. Responsibility for these countries was added to the position of head of investment banking for India, a position he has held since 2001, when he was among 15 bankers that left Deutsche Bank with Darcy Lai to join Barclays Capital. "When I came to Barclays in 2001, it was evident that the firm was committed to Asia Pacific and its strategy was clear — it wanted to be a major player in the fixed income business," says Shukla. "Barclays also understood that, if it wanted to get into regional markets, it needed to hire the best people in local markets rather than just importing people."

Rob Firth was promoted in February 2005 to managing director of European financial sponsors at Deutsche Bank, having previously been a director of European financial sponsors. He reports to William Maltby, head of European financial sponsors, who set up Deutsche Bank's coverage team around eight years ago.

Robin Osmond has been co-head of global investment banking at HSBC since it was established in September 2004 as part of the corporate, investment banking and markets division. This followed the merger of HSBC's corporate finance, capital markets and financing businesses into a single platform in its global investment banking division.

HSBC hired Roger Thomson in June 2003 to help expand the firm's North American financial institution team, coordinating coverage internally for Household Finance as well as for external borrowers. In January 2004 he was made head of north American origination, overseeing the bank's corporate, financial institution and public sector origination as well as its syndicated finance businesses.

"The way that people look at the financial institution business has changed radically over the last few years," says Ryan O'Grady, head of secured and unsecured financial institutions at JP Morgan in London. "Financial institutions are now the biggest issuers, as well as the biggest investors in the capital markets, so people have learned to look at them in a completely different way." O'Grady's promotion in May this year was in recognition of this shift. The move expanded O'Grady's focus in his former position as head of FIG to include JP Morgan's secured business for financial institutions. He reports to Michael Ridley, head of European fixed income.

Bank of America promoted Rommie Bhutani to head of leveraged capital markets and financial sponsors for Europe in October 2004. He started at the bank in May 2004 as co-head of financial sponsor coverage, but after five months, Bank of America decided not to name a co-head but give Bhutani responsibility for the capital markets function as well as financial sponsor coverage. He is responsible for maintaining relationships with private equity houses as well as high yield, bank debt and mezzanine financing.