IFR International - 21.07.2018

Darren Campili has

joined BARCLAYS from

Deutsche Bank as vice-

chairman for

healthcare banking as

the bank seeks to win

more advisory and

capital-raising work

from European life

sciences companies.

Campili will be based in

London and will report

to Rick Landgarten,

head of healthcare and

real estate, and Reid

Marsh, head of banking

for Europe, Middle East

and Asia. Campili has

spent 12 years at

Deutsche in London

and New York, most

recently as global head

of healthcare banking.

He previously worked at

Novartis and CSFB.

LatAm debt capital

markets veteran Andre

Silva has left Nomura

to join BNP PARIBAS,

a source said. Silva’s

departure comes

about a year after he

joined the Japanese

bank from Deutsche

Bank, where he helped

run LatAm DCM for

eight years. At BNP

Paribas, Silva will

report to Marcelo

Delmar, head of Latin

America debt capital

markets.

7HOSûMOVINGûWHEREx

h7HENûTIMESûAREûTOUGHER ûYOUûCANTûLEAVEû

!ND ûWHENûTIMESûAREûBETTER ûYOUûDONTûWANTûTOûLEAVEv

GOLDMAN CEO LLOYD BLANKFEIN CALLS IT A DAY – RELUCTANTLY, P

Morgan Stanley shines in M&A and ECM

MORGAN STANLEY and GOLDMAN SACHS continued
TOûBRAWLûFORûTHEûTITLEûOFûTOPû-!ûINVESTMENTû
BANKûINûTHEûSECONDûQUARTERûWITHûBOTHûBANKSû
claiming the mantle.
-ORGANû3TANLEYûTOOKûTHEûCROWNûFORûTHEû
SECONDûQUARTERûINûAûROW ûACCORDINGûTOû
Thomson Reuters data.
)NûITSûSECONDûQUARTERûRESULTSû-ORGANû
Stanley said it ranked number one in global
announced and completed mergers and
ACQUISITIONSûANDûGLOBALû)0/S
'OLDMAN ûTOO ûSAIDûITûRANKEDûlRSTûINû
WORLDWIDEûANNOUNCEDû-!ûYEAR
TO
DATEûANDû
lRSTûINûWORLDWIDEûEQUITYûANDûEQUITY
RELATEDû
OFFERINGS ûCOMMONûSTOCKûOFFERINGSûANDû)0/S û
citing another source.
"OTHûBANKSûHAVEûREASONûTOûCROWû
)NVESTMENTûBANKINGûREVENUEûWASûUPûûTOû
53BNûATû-ORGANû3TANLEYûANDûUPûûTOû

53BNûATû'OLDMANû2EVENUEûWASûUPûACROSSû

ADVISORYûDEBTûANDûEQUITYûUNDERWRITINGûFORû

EACHûBANKûWHEREASûTHEIRûRIVALSûSTUMBLEDûINû

at least one segment.

BAML M&A DROOPS

BANK OF AMERICA MERRILL LYNCH saw second

QUARTERûREVENUEûFROMûINVESTMENTûBANKINGû

FALLûûFROMûAûYEARûAGOûTOû53BNû

dragged down by a surprisingly weak

SHOWINGûINû-!ûADVISORY

4HEûBANKûREPORTEDûADVISORYûREVENUEûOFû

53MûINûTHEûQUARTERûDOWNûûFROMûTHEû

YEARûAGOûQUARTERû)TûWASûTHEûONLYûBANKû

AMONGûTHEûlVEûLARGESTû53ûBANKSûTOûTAKEûAûHITû

INûADVISORYûASûTRANSACTIONSûHITûRECORDû

VOLUME

“Sometimes you get the right side of the

deal. Sometimes you get the wrong side of

AûDEALû3OMETIMESûYOUREûNOTûINûAû

DEALvûSAIDû"!-,ûCHIEFûEXECUTIVEû"RIANû

-OYNIHAN

h%VENûTHOUGHûWEûPERFORMEDûSOLIDLYûINû

LINEûWITHûTHEûFEEûPOOLSûYEAR

OVER

YEARûWEû

KNOWûWEûCANûDOûAûBETTERûJOBû4HEûTEAMSû

WORKINGûONûITûxûTHEYREûAFTERûITv

'OLDMANûCONTINUESûTOûBEATûALLûRIVALSû

WHEREûITûMATTERSûMOSTûINû-!û

ûFEES

)TSûADVISORYûREVENUEûROSEûûTOû

53Mû$URINGûTHEûQUARTERûTHEûBANKû

said it participated in transactions totalling

53BNûACROSSûûDEALSûITSûHIGHESTû

QUARTERLYûDEALûCOUNTûINûAûDECADE

2EVENUEûFROMûADVISORYûROSEûûATû

-ORGANû3TANLEYûTOû53M

!CROSSûTHEûlVEûBANKSûINCLUDINGûJP

MORGAN and CITIGROUPûREVENUEûFROMû

ADVISORYûROSEûûINûTHEûSECONDûQUARTER

Goldman Sachs takes lead in LatAm ECM

GOLDMAN SACHS is riding high this year in
,ATINû!MERICASûEQUITYûCAPITALûMARKETS û
where it has soared up the league tables to
LEADûCOMPETITORSûAFTERûCLINCHINGûSEVERALûKEYû
mandates.
)FûITûSTAYSûTHEûCOURSEûINû ûITûCOULDûBEû
THEûlRSTûTIMEûINûATûLEASTûûYEARSûTHATû
'OLDMANûWILLûTAKEûTHEûTOPûSPOTûINûTHISûASSETû
CLASS ûACCORDINGûTOû4HOMSONû2EUTERSûDATA
)TûISûRAREûFORû'OLDMANûTOûAPPEARûINûTHEûTOPû
10 – let alone the top three – but this year it
ISûGIVINGûCOMPETITORSûAûRUNûFORûTHEIRûMONEYû
as it shifts its strategy in the region.
!SûPARTûOFûTHATûEFFORT ûITûHASûBROADENEDûITSû
EQUITYûRESEARCHûCOVERAGEûINûSECTORSûSUCHûASû
AIRLINESûANDû4-4 ûANDûHASûEMPLOYEDûMOREû
bankers on the ground with strong
relationships there.
)TûMADEûSEVERALûKEYûHIRESûINûû4HEYû

INCLUDEû-AXû2ITTERûFROMû-ORGANû3TANLEYûTOû

RUNûITSû,AT!Mû-!ûBUSINESSûANDû-ARIAû3ILVIAû

"ASTOSûTHEûFORMERûPRESIDENTûOFûDEVELOPMENTû

BANKû".$%3ûTOûHEADûITSû"RAZILIANûUNIT

)TûALSOûHIREDû2ODOLFOû0EREZûFROMû-ORGANû

3TANLEYûTOûBEûCO

HEADûOFû-EXICOûBANKINGû

AFTERûPOACHINGû%#-ûVETERANû&ACUNDOû

6AZQUEZûFROMû5"3ûLASTûYEARûTOûCO

HEADû

,AT!MûEQUITYûCAPITALûMARKETS

!SûOFû*ULYûû'OLDMANûRANKEDûNUMBERû

ONEûINûTHEû,AT!Mû%#-ûLEAGUEûTABLESûWITHûAû

ûMARKETûSHAREûAûSUBSTANTIALûJUMPûFROMû

ITSûTHûPOSITIONûLASTûYEARûACCORDINGûTOû

Thomson Reuters data

4HATûPUTSûITûAHEADûOFû-ORGANû3TANLEYûnû

which is back in the number two position it

held in 2016 after falling to ninth in 2017 –

ANDû"ANKûOFû!MERICAû-ERRILLû,YNCHûWHICHû

stands in third place.

'OLDMANûHASûCONSEQUENTLYûENJOYEDûTHEû

biggest payout so far among banks

COMPETINGûFORû%#-ûBUSINESSûINûTHEûREGIONû

WITHûSOMEû53MûINûUNDERWRITINGûFEESû

INûTHEûYEARûTO

DATEûACCORDINGûTOû4HOMSONû

2EUTERSûDATAû4HATûISûALMOSTûûTIMESûMOREû

THANûITûGARNEREDûFORûTHEûENTIREûYEARûINûû

WHENûITûBROUGHTûINû53MûORûJUSTûûOFû

the wallet share.

3OûFARûTHISûYEARûTHEû53ûBANKûHASûBEENûLEADû

ONûANûINFRASTRUCTUREûINVESTMENTûTRUSTû

&)"2!

%   ûISSUEûFORû-EXICANûSTATE

OWNEDû

UTILITYû#&%ûAûFOLLOW

ONûFROMû#HILEANûLITHIUMû

MINERû31-ûANDûANû)0/ûFORû!RGENTINASû

#ORPORACIONû!MERICAû!IRPORTS

BRAZILIAN BET

'OLDMANSûADVANCEûHASûBEENûHELPEDûINûLARGEû

PARTûBYûSOMEûKEYû"RAZILIANûMANDATESûONû