US Securitization Awards 2023: Shortlist announced and voting live!
GlobalCapital is pleased to announce the shortlist and open the main voting round of its 2023 US Securitization Awards.
Thank you to everyone who helped us determine these shortlists via a nomination process that ran between November and early January. Over 5,000 individual votes were cast, and we were very encouraged by the level of market engagement.
Now it is time to vote for the winners.
In the vast majority of categories there are, as in previous years, five names to choose from. In a few instances the numbers are slightly higher or lower than five. This reflects how exceptionally tight the vote was in those categories. You can find the full shortlists below.
The shortlists are now open to a vote to choose the winners. The poll will be open until April 4.
All awards apart from four will be voted for by market participants. The exceptions are Overall Securitization Bank of the Year, Esoteric ABS Bank of the Year, CLO Arranging Bank of the Year, and Innovative Securitization Deal of the Year. The winners of these categories will be based on pitches.
If you wish to pitch for any of these four awards, please contact Sophie Astles
Please read the instructions below carefully to ensure that your votes are counted accurately.
Please fill out the details requested in the survey. These will be kept entirely confidential and will be used only to ensure that votes are valid.
There is no cap on the number of people voting from any given institution, and no requirement to answer every question. We reserve the right to weight votes by seniority, job role, institution or similar considerations. For example, a vote from a portfolio manager at a major securitization investor would count more heavily than that of a rating agency analyst in determining the “Secondary ABS/RMBS Trading House” award, while a regular issuer’s vote for arranging bank would be particularly valuable.
In general, minimal weight will be placed on votes for one’s own institution and considerable weight placed on votes for counterparties.
We encourage you to distribute the survey widely among clients and counterparties, and within your own institutions. However, we urge you to avoid “block voting”, in which every response form is identical, and also urge everyone involved to consider their choices individually. We reserve the right to strip out suspected block votes when tabulating the final category winners.
All votes will be strictly confidential. However, we reserve the right to publish aggregated and fully anonymised figures by institution category — for example, “X% of investors voted for Y” — at our discretion.
You do not have to complete the entire survey for your votes to be counted.
Votes should reflect firm and deal activity for the 2022 calendar year.
GlobalCapital reserves the right to disqualify any votes it deems invalid.
The poll will close on April 4 2023, and the winners will be announced at a ceremony at the Met Club in New York on June 7.
If you have any questions about the research process, please contact Sophie Astles
For more information about attending the Awards Dinner, please contact Jack Thomson
Market Outlook Survey
As we did last year, we would also like to test the temperature of the securitization market and ask its participants’ views on what they see as the main threats and opportunities, as well as their thoughts on how spreads are likely to perform over the coming months. Please see the end of the survey for these outlook questions. Your views are greatly appreciated and will be kept confidential. We will publish the overall results at the same time as the Awards.
Thank you again for your support and we look forward to seeing you at our Awards Dinner on June 7 in New York.
ABS Bank of the Year: Bank of America, Barclays, Citi, Credit Suisse (today Atlas SP Partners), Goldman Sachs, JP Morgan
ABS Trading Desk of the Year: Bank of America, Citi, Credit Suisse (today Atlas SP Partners), Goldman Sachs, JP Morgan, Wells Fargo
ABS Issuer of the Year: Affirm, Freddie Mac, Freedom Financial, Mosaic, Pagaya
ABS Deal of the Year: BREN 2022-1 (Luminace ABS Issuer LLC), Concord Music ABS, North Mill Equipment Financing 2022-A, Osprey Securitization I, LLC Solar Asset-Backed Notes, Series 2022-1, Tricolor Auto Securitization Trust 2022-1, Asset-Backed Notes
ABS Law Firm of the Year: Clifford Chance, Katten Muchin Rosenman, Mayer Brown, Morgan Lewis, Sidley Austin
Esoteric ABS Law Firm of the Year: Chapman and Cutler, Kramer Levin Naftalis & Frankel, Latham & Watkins, Mayer Brown, Sidley Austin
RMBS Bank of the Year: Bank of America, Barclays, Citi, JP Morgan, Nomura
RMBS Trading Desk of the Year: Bank of America, Barclays, Citi, Credit Suisse (today Atlas SP Partners), JP Morgan, Wells Fargo
RMBS Issuer of the Year: Bayview Asset Management, Fannie Mae, Freddie Mac, Freedom Financial, JP Morgan
RMBS Deal of the Year: J.P. Morgan Mortgage Trust 2022-DSC1, FREED 2022-HE1, ARMI 2022-1, BVINV 2022-6, Western Mortgage Reference Notes, Series 2022-CL4 (WAL 2022-CL4)
RMBS Law Firm of the Year: Clifford Chance, Dentons, Hunton Andrews Kurth, Morgan Lewis, Sidley Austin
CLO Trading Desk of the Year: Bank of America, Citi, Jefferies, JP Morgan, Morgan Stanley
Broadly Syndicated CLO Manager of the Year: BlackRock, Blackstone, CSAM, CVC Capital Partners, PGIM
Middle Market CLO Manager of the Year: AllianceBernstein, BlackRock, First Eagle, Fortress, Golub Capital
Broadly Syndicated CLO Deal of the Year: Madison Park Funding LXII, Barings Loan Partners CLO 3, Wehle Park CLO, Symphony CLO 34-PS, ZAIS CLO 18, GoldenTree Loan Management US CLO 7
Middle Market CLO Deal of the Year: BlackRock Maroon Bells CLO XI, BCRED MML CLO 2022-1, Cerberus Loan Funding XXXVIII, LJV I MM CLO, Fortress Credit Opportunities XIX CLO
CLO Law Firm of the Year: Cadwalader, Clifford Chance, Dechert, Milbank, Paul Hastings
CLO Trustee of the Year: Bank of New York Mellon, Citi/Virtus, U.S. Bank, Wells Fargo, Wilmington Trust
CMBS Bank of the Year: Bank of America, Barclays, BMO Capital Markets, Citi, JP Morgan, Wells Fargo
CMBS Trading Desk of the Year: Bank of America, Barclays, Citi, JP Morgan, Morgan Stanley, Wells Fargo
CMBS Issuer of the Year: Bank of America, Citi, Fannie Mae, Freddie Mac, Wells Fargo
CMBS Deal of the Year: Freddie Mac Multifamily K-SG3, BX Commercial Mortgage Trust 2022-AHP, KREF 2022-FL3, BANK 2022-BNK40, VMC Finance 2022-FL5
CMBS Law Firm of the Year: Cadwalader, Clifford Chance, Dechert, Orrick, Sidley Austin
Insurance Investor of the Year: Aegon, AIG, Apollo, MetLife, NY Life, PGIM
Asset Management Investor of the Year: Apollo, Barings, BlackRock, Blackstone, PIMCO
Securitization Research Team of the Year: Bank of America, Citi, JP Morgan, KBRA, Moody's Investor Services, Nomura
Securitization Data Provider of the Year: Bloomberg Data Management Services, SOLVE, Finsight Group, Intex Solutions, Moody's Analytics, Clarity Data Intelligence
Securitization Trading Data Provider of the Year: Bloomberg, Finsight Group, Intex Solutions, SOLVE, Trepp
Securitization Trustee of the Year: Bank of New York Mellon, U.S. Bank, US Trust, Wells Fargo, Wilmington Trust
Securitization Rating Agency of the Year: DBRS Morningstar, Fitch, KBRA, Moody's, S&P Global
Securitization Accounting Firm of the Year: Deloitte, Grant Thornton, KPMG, PwC
ESG Securitization Bank of the Year: Bank of America, Credit Suisse (today Atlas SP Partners), Goldman Sachs, JP Morgan, Wells Fargo
ESG Issuer of the Year: Fannie Mae, Freddie Mac, GoodLeap, Mosaic, Nuveen Green Capital