Banc One Capital Markets has hired Bill Wulkan to the new position of European capital markets chief based in London. Banc One is beefing up its research group in an effort to build up its business in the U.S. and Europe. Dana Johnson, managing director and head of capital markets research, says the company has an established European bond origination business, but lacks someone to helm the effort. Wulkan will report to David Schabes, global origination director based in Chicago. Schabes could not be reached and Wulkan did not return calls. Wulken's last position was at Standard Chartered Bank in Singapore, though the nature of his duties there could not be determined.
With regard to research, Banc One will hire senior junk analysts to follow the energy and industrial sectors to capitalize on banking relationships it has in that area, says Johnson. The bank is interviewing candidates right now, and Johnson hopes to have them in place before the summer. The bank recently hired three investment-grade analysts, a collateralized debt-obligation analyst and a mortgage-backed analyst. Johnson declined to release their names, as they have not yet joined the firm, but he says they all will have started by early next month.
In asset-backed underwriting, Banc One placed 16th in 2000, 12th last year, and is 15th so far this year, according to Bloomberg. On the investment-grade side, it was 12th in 1999, 13th in 2000 and 2001, and is 15th this year.