World s Leading Structured-Product Bankers, Syndicators and Traders

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1 MARKET MAKERS World s Leading Structured-Product Bankers, Syndicators and Traders The listing below shows contact information for the topranking securitization professionals at the investment banks that consistently distribute the most asset- and mortgagebacked bonds worldwide. The institutions included typically have achieved rankings atop league tables published by Alert. Head bankers oversee deal origination, structuring and other areas unrelated to the trading and syndicate operations. Those in charge of syndicate desks distribute issues in cooperation with other banks. Head traders are responsible for buying and selling securities on the secondary market on behalf of their employers and clients. Leading Market Makers Bank of America Barclays BNP Paribas Ted Breck [email protected] Greg Petrie (Europe) [email protected] Marty Attea (U.S.) [email protected] Rob Scott (Europe) [email protected] Andrew Shuster (Europe) Matthew Salvner (U.S.) matthew.salvner Fabrice Susini (Europe) fabrice.susini Brian Kane [email protected] Tristan Cheesman (Europe) [email protected] Brian Wiele (U.S.) [email protected] Miray Muminoglu (Europe) Simon Mayes (U.S.) simon.mayes Damian Saunders (Europe) damian.saunders Matt McQueen Amit Patel (Europe) [email protected] Chris Haid (U.S.) [email protected] Stuart Calnan (Europe) [email protected] Christopher Amato (U.S.) christopher.amato Olivier Morand-Duval (Europe) olivier.morand-duval A market powerhouse with a business heavy on auto-loan deals, where recent clients have included CarMax, Hyundai and Nissan. Credit cards and student loans also are prominent, as are equipment loans and leases. Continues to lead risk-sharing transactions from Fannie Mae and Freddie Mac, along with mortgage deals for issuers including FirstKey, Two Harbors and WinWater. But its own mortgage bonds remain on the back burner. Matt McQueen took over as head trader this year, replacing Mashall Insley. Worldwide deal volume slipped last year amid layoffs and staff reassignments. The bank s U.S. business held up under Marty Attea, however, with its global activity rebounding so far in Prime and subprime auto loans remain a strength, with CLO presence growing. Has sprinkled in deals backed by credit cards, consumer loans, mortgages and student loans. Auto loans account for the largest chunk of growing underwriting volume, thanks in part to continued business from Ford and General Motors Financial. But that business is rivaled by CLOs, where the bank has surged. Led Bank of the West s first auto-loan issue in November, and an April credit-card deal for World Financial Network. Also has handled aircraft-lease and shipping-container lease issues this year. ASSET-BACKED : May 15, 2015, 5 Marine View Plaza, Suite 400, Hoboken NJ

2 2 Citigroup Credit Suisse Deutsche Bank Goldman Sachs Guggenheim Securities John Dahl (U.S.) Susan Mills (U.S.) David Basra (Europe) Jay Kim Jay Steiner (U.S.) Pat Connors (Europe) Michelle Gill (U.S.) Vivek Bantwal (U.S.) Cory Wishengrad cory.wishengrad Amanda Magliaro (U.S.) Tim Michael (Europe) Craig Leonard Randall Outlaw (U.S.) Bilal Husain (Europe) Scott Walter Sreesha Vaman sreesha.vaman Geoffrey Chang (U.S.) Eliot Rubenzahl (U.S.) Philip Seares (U.S.) Rohit Hemdev (Europe) Ted Moran (U.S.) Victor Su (Europe) Ben Solomon (U.S.) Nick Waring (Europe) Maheshwar Saireddy Scott Levy scott.levy Auto-loan and -lease offerings from clients including Ally Bank, Consumer Portfolio Services, Ford, Honda and Santander form the foundation of a massive underwriting presence. Also a big player in deals backed by consumer loans, equipment loans, student loans and CLOs, where it is the longtime industry leader. Continues to lead its own mortgagebacked offerings as well. Rising deal volume has the bank firmly placed among the top-five underwriters worldwide, and knocking on the doors of the market leaders. Diverse business includes deals backed by auto loans, credit-card accounts and student loans, along with less-common assets like consumer loans, equipment leases, insurance cashflows and railcar leases. Is well established in CLOs and is a leader in mortgage bonds, where clients include WinWater. Effort to become a leading underwriter of home-rental bonds is paying off, with deals this year for Blackstone, FirstKey, German American Capital and Tricon American. Auto-loan deals are a major source of business, and is underwriting a growing number of CLOs. However, there are concerns of cutbacks in the wake of the bank s agreement in April to pay $2.5 billion to settle charges of manipulating Libor. Continued to climb in the league tables last year, but leadership now will have to prove itself with the departure of global head Michael Millette in February. Continuity is a focus, with Michelle Gill still overseeing mortgage finance and Vivek Bantwal handling other assetbacked products. Deal volume is up this year, with CLOs leading the way. The leader among underwriters of franchise-fee and whole-business transactions. Currently shopping a whole-business securitization for Wendy s, and recently led offerings for Adams Outdoor and Dunkin Brands. Sreesha Vaman moved to syndicate from banking last year, but predecessor Marc Steinberg remains on board.

3 3 HSBC Jefferies J.P. Morgan Lloyds Banking Morgan Stanley MUFG Michael Banchik (U.S.) Scott Dickens (Europe) scott.dickens Michael Wade David Duzyk (U.S.) jpmorgan.com Oldrich Masek (Europe) Parker Russell (U.S.) Allen Appen (Europe) allen.appen Valerie Kay valerie.kay Tricia Hazelwood Michael Banchik (U.S.) James Cunniffe (Europe) james.cunniffe Stuart Kronick Andy Cherna (U.S.) James Crispin (Europe) Wes Fallan (U.S.) Bob Paterson (Europe) bob.paterson Yared Yawand-Wossen yared.yawand-wossen Tricia Hazelwood Billy Burke (U.S.) Varun Sharma (U.S.) Alexander Harrison (Europe) alexander.harrison Stuart Kronick Peter Basso (U.S.) Borja Taboada (Europe) Kristan Gochee (U.S.) Marc Denjean (Europe) marc.denjean Walter Weil walter.weil John Lennon Traditionally relied on clients in Europe and Asia for much of its underwriting work, but recent hirings have positioned it for more activity in the States. Also transferred Billy Burke to its New York trading desk this year. Relies on auto loans for its U.S. activity, with issues this year from Ford, Hyundai and Nissan, but is pushing for CLOs and continues to help clients liquidate legacy structuredproduct holdings. Overall, however, volume has been slipping. Volume concentrated in CLO sector, but has been financing marketplace lenders with an eye toward leading their bond sales or securitizing the accounts itself. Is working on a CircleBack Lending deal, for example. With the securities-fraud conviction of former trader Jesse Litvak behind it, the bank is angling for assignments in areas including mortgages and subprime auto loans. Maintains grip on the number-one ranking among underwriters worldwide by running a variety of deals. Its biggest this year have come from education lender Navient and auto lenders Hyundai and Santander, along with its own credit-card program. Also maintains a large CLO presence. Known as a leader in Europe, the bank has been virtually absent from the U.S. But that could change, as it seeks to expand its staff in the States. That group worked on an auto-loan deal for Ford this year. Otherwise, 2015 activity has consisted of auto-loan and credit-card issues in Europe. Made a splash with hiring of market veteran Allen Appen from Barclays in October. CLOs now account for most of its volume. Deals in other asset classes this year have included a cell-tower issue for Crown Castle, a mortgage issue for Redwood Trust and a student-loan issue for Social Finance. Look for repeat assignments in auto loans, where past clients include Ford and Santander, and risk-sharing deals from Fannie Mae and Freddie Mac. Underwriting business has multiplied following the arrival of Tricia Hazelwood in Unlike most of its U.S. peers, the Japanese bank has a strong commercialpaper conduit business to support term production. Its Victory Receivables conduit had $7.1 billion of outstandings at yearend Recent term deals include an equipment-lease issue from GE Capital and a credit-card offering from Synchrony.

4 4 RBC Capital Santander Societe Generale Wells Fargo Giuseppe Pagano Luis Araneda (U.S.) Shaun Baddeley (Europe) Dan McGarvey (U.S.) Emmanuel Blind (Europe) Mary DuBose mary.dubose Chris Pink chris.pink Richard Lawrence Anthony Tobin (Europe) Rob Silverschotz (U.S.) Heike Hoehl (Europe) Robert Pucel (U.S.) Jason Russell (Europe) Jennifer Doyle jennifer.doyle David Stauber Mehdi Kashani (Europe) Robert Kessler (U.S.) Javier Canseco Garcia-Pita (Europe) Fouad Farah (U.S.) Tony Venutolo (Europe) Ari Kavour ari.kavour Charles Mather charles.mather Sergei Zagin sergei.zagin Beefed up European coverage at the end of the last year with the hiring of head trader Mehdi Kashani. Worldwide underwriting volume jumped in the first quarter. Recent work has been heavy on auto-loan transactions, from CarMax and Santander, and credit-card bonds from Cabela s and its in-house program. Student loans, equipment cashflows and structured settlements are in the mix. World s biggest issuer of structured products, thanks to massive subprime auto loan program. Team works under former Rabobank executive Jeb Ebbott. He arrived in 2014 as the replacement for Andrew Kang, who moved to Exeter Finance. Aggregating consumer loans for securitization, and plans to add mortgage and student loan deals. As an underwriter, has been active in several asset classes in Europe. Suddenly back in the picture as a major U.S. underwriter, following years of anemic activity. That s due in large part to the recent additions of several former RBS staffers, including Dan McGarvey and Robert Pucel. Is seeking a range of assignments. Past business has been concentrated in Europe, in areas including auto loans, CLOs, equipment finance and trade receivables. Shakeup in March saw longtime banking chief Julie Caperton promoted to another area. Former lieutenants Katherine DuBose and Chris Pink took over her duties, assuming control of a group that derives much of its business from subprime auto lenders including Drivetime, Exeter Finance, General Motors Financial, Newstar and Prestige. A leading underwriter of bonds backed by nonperforming home loans. Targeting CLOs, timeshare-loan bonds, equipment deals and home-rental issues.

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