Outstanding Contribution Award – Laura Coady
Award celebrates Coady's consistent excellence in European CLO banking since 2013
Laura Coady, head of European securitized markets at Jefferies, is no stranger to GlobalCapital's awards. Indeed, when combining her time at Citi as head of European CLO primary with her current job at Jefferies, Coady's teams have won five out of seven CLO Arranger of the Year awards since 2016.
Her ability to excel in difficult markets led to her being one of the most respected and admired CLO bankers in Europe. Her teams are renowned for being the last to price a deal when markets turn choppy and the first to bring deals when they calm down again.
With Covid-induced lockdowns approaching in March 2020, Coady's team at Citi managed to price Credit Suisse Asset Management's €402m CLO, Maddison Park XV, just 12 days before the UK government ordered a national lockdown and as similar restrictions were imposed the world over. It was as soon as late April of that year when her team led the European market recovery with three deals priced by May 5.
But Coady has proved for 10 years that her teams are about performing whatever happens. Indeed, since she took over management of Citi's European CLO primary business in 2013, Coady has dominated the CLO market league tables. Citi were first in every year on deal count from 2013-2019, sharing top spot only once in 2014.
She moved to Jefferies in 2020 to build its European CLO business and the firm shot up to second in the rankings with €13.17bn of issuance the following year. That figure was just €340m shy of leaders Barclays, despite the firm having no legacy warehouses built up from 2020 from which to get deals out of the door.
Jefferies firmly planted itself at the top of the league tables last year with over 25% market share, more than double its nearest competitor.
While her achievements in driving the growth of the CLO market in Europe are not in doubt, she has also been key in driving greater diversity and ESG standards in the industry, pushing for CLOs to take up the sustainable finance disclosure regulation and increasing transparency within the sector.
She is admired for her relentless work ethic, passion for doing what is best for her clients, and leadership of her team.
GlobalCapital congratulates Laura Coady as the winner of its 2023 Outstanding Contribution Award.