Owen Wild is Deputy Editor of International Financing Review based in London. He joined IFR in 2004 as a reporter and has since worked across Equities, Structured Equity and Derivatives sections as both reporter and editor. Prior to becoming deputy editor in 2010, he had global responsibility for IFR’s ECM coverage. Before joining IFR, Owen covered foreign exchange markets. Follow Owen on Twitter @IFR_Owen
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League table manipulation is one of the greatest issues facing investment banking, according to the UK market regulator. The Financial Conduct Authority’s report into investment banking seemed to declare the issue more important than the apparent corruption in IPO allocations it discovered through extensive analysis, or reciprocity between banks, which it said exists but does not stifle competition.
BNP Paribas’s former head of EMEA ECM Alain Dib has joined Waha Capital as chief operating officer, only a few months after leaving the French bank.
The Frankfurt spin-off IPO of Innogy was priced at the top of guidance on Thursday with a full upsize option employed, providing Europe with its largest flotation since Glencore raised US$10bn in May 2011.