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Star players: Warren Spector and Allen Schwartz are the template for every forward line on Wall Street, their different strengths in markets and M&A complementing each other perfectly
Rising star: Tom Marano runs Bear Stearns’ all-conquering mortgage-backed securities and growing structured products divisions, and will play a key role in trying to export these outside the European market
Weakest link: Jimmy and his management team know it all too well – Bear lacks presence outside the US. Can Bear build an overseas presence under the watch of experienced international operator Michel Péretié? Can it grow and maintain the small-club culture that serves it so well? And does international success matter when it wins so many trophies at home? |
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Key transfers 2006:
IN: Antoine Dijkstra and Dominique Favillier (senior managing directors, European strategic finance, from NIBC and ABN Amro, respectively); Joachim Koolman (senior MD, special situations group, from Deutsche Bank); Manfred Puffer (head of strategic finance for Germany, Austria and eastern Europe, from WestLB)
OUT: David Abner (head of exchange-traded fund trading, to BNP Paribas); Richard Lindsay (head of clearing services and prime brokerage) |
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2006 capital markets performance (▼/▲ 2005)
Overall fees: $1,218mln (+22.5%) 10th (no move)
DCM: $598.5mln (+2.5%) 13th (▼1)
ECM: $230.5mln (+13.6%) 11th (no move)
M&A: $389mln (+87.2%) 10th (▲1)
FX market share: 0.22% (+0.1%) 16th (no move)
Rankings 2006:
Return on equity: 18.7% (13th)
Growth of earnings: 41.3% (5th)
Market cap: $23.6bln (16th)
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