The Champions League of investment banking
How we calculated the investment banking Champions League table
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Director of football: Rijkman Groenink
Age: 57
Appointed: 2000
Value added: 10.3% pa (14th)
Chop rating: 4/5
Groenink’s strategy in investment banking seems to be taken from the lyrics of the hokey-cokey – in, out, in, out, shake it all about. Will it lead to him being shaken out?
Head coaches: Piero Overmars (Age: 42, appointed: 2004); Wilco Jiskoot (56, 2001) |
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Star players: Gary Page, who runs global markets; Alexandra Cook, who looks after global clients, which is M&A, ECM and relationship banking coverage
Rising star: Niall Cameron runs traded markets within the global markets division and is ultimately responsible for the bank’s new-found strength in structured credit
*Update: Niall Cameron
Weakest link: ABN Amro has always suffered from a relatively small domestic base from which to source clients. It has recently shown signs of making the most of its global markets division. So why did Groenink appear to run up the white flag on investment banking? Could the best option now be to find a US foreign buyer – it might even complement the bank’s strong mid-west presence |
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Key transfers 2006:
IN: Mitch Janowski (global head of credit exotics trading, from Citigroup); Scott Eaton (global head of principal trading, from RBS); Qui Zhi-zhong (vice-chairman in Asia, from Q Capital)
OUT: No big names, but another 200 front-office lay-offs announced from the London office in January this year doesn’t bode well |
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2006 capital markets performance (▼/▲ 2005)
Overall fees: $1,073mln (+19%) 11th (no move)
DCM: $485.8mln (+21.5%) 14th (▲1)
ECM: $302.6mln (+26.1%) 10th (no move)
M&A: $284.8mln (+8.5%) 11th (▼1)
FX market share: 2.93% (-1.26%) 10th (▼1)
Rankings 2006:
Return on equity: 19.8% (10th)
Growth of earnings: 8.7% (15th)
Market cap: $61.3bln (14th)
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Champions League position 2006: 15th
If ABN were a Champions League team it would be: PSV Eindhoven. Terrific domestic record and brought through some great talent, but struggles to compete internationally in today’s high-spending markets |
