Top awards 2008
Bank of the Year
More than a survivor:Thanks to its belief in old-fashioned banking virtues, JP Morgan is in a position to become the pre-eminent financial institution of the first half of the 21st century. It dodged most of the bullets of the financial crisis by a relentless focus on careful banking and has also built a global investment banking deal machine that is the envy of its rivals. JP Morgan is IFR’s Bank of the Year.
Bond House/US Dollar Bond House
Vision and leadership: Throughout the turbulent conditions that epitomised 2008, few houses featured in virtually every conversation regarding the bond markets. JP Morgan was one of these, its advice and execution capabilities a sought-after commodity in straitened times. It remained a prominent and credible partner across asset classes and currencies, providing vision and leadership. JP Morgan is IFR’s Bond House of the Year and US Dollar Bond House of the Year.
Equity House/Americas Equity House
When it matters: Being involved in the most important deals in every region is the aim of any bank seeking to stake a claim for a global franchise, but it is easier said than done, with relationships and geographical challenges often coming in the way. Yet in 2008 JP Morgan’s ECM deal roster was a checklist of the deals that mattered and where success or failure determined clients’ future existence, making it IFR’s Equity House of the Year and Americas Equity House of the Year.
Loan House/EMEA Loan House/Latin America Loan House/Asia-Pacific Loan House
All around the world: The year 2008 was a watershed year for global credit, with the effective withdrawal of a number of banks from the international loan market. That has left those still operating on a global basis facing almost unprecedented challenges – but also great opportunities. For its ability to navigate all markets despite the crisis, BNP Paribas is IFR’s Loan House of the Year. It also wins the Loan House awards for EMEA, Asia-Pacific and Latin America.
Emerging Market Bond House
Credit where it’s due: While several banks performed remarkably well in emerging markets amid the turmoil of 2008, one house enjoyed a particularly fruitful year. As lead manager for a number of blow-out benchmark deals, and characterised by strong execution skills and hefty fee income, Credit Suisse is IFR’s Emerging Market Bond House of the Year.
Derivatives House/Credit Derivatives House
Strength in depth: Few banks were able to maintain a full service across asset classes in 2008. But firms that had taken a conservative attitude to risk were suddenly well positioned to capture market share. For being there for clients and for helping to maintain liquidity, while capitalising on its counterparty strength to win significant mandates, JP Morgan is IFR’s Derivatives House of the Year and Credit Derivatives House of the Year.
Securitisation House
Thriving, not drowning: JP Morgan displays an unrivalled commitment to securitisation that is built around its own balance sheet and its relationships with clients. For its leading role across asset classes and jurisdictions, as an underwriter, an issuer, a trading house and an adviser, JP Morgan is IFR’s Securitisation House of the Year.
Leveraged Finance House
Reading the market: In a truly dreadful year for leveraged finance, JP Morgan was able to deploy its global reach and transatlantic contacts to execute 2008’s biggest and most ambitious transactions. The bank’s strategic stance was able to feed sponsors’ deal appetite and bank investors’ desire for new, untainted LBO debt. JP Morgan is IFR’s Leveraged Finance House of the Year.
Financing Package of the Year/Americas Leveraged Loan
Sweet like sugar: Mars’ acquisition of Wrigley Jr Company navigated treacherous credit markets by extending the flexibility of LBO-like financing to strategic acquisitions. For providing a new model for M&A, the financing backing Mars’ US$23.7bn takeover of Wrigley is IFR’s Financing Package of the Year. The deal also wins Americas Leveraged Loan of the Year.
Issuer awards
Bond awards
-
Bond House/US Dollar Bond House
-
US Dollar Bond/Investment-Grade Corporate Bond
-
Euro Bond House
-
Euro Bond
-
Yen Bond House
-
Yen Bond
-
Investment-Grade Corporate Bond House
-
Financial Bond House
-
Subordinated Financial Bond
-
Senior Financial Bond
-
SSAR Bond House
-
SSAR Bond
-
Covered Bond House
-
Covered Bond
-
Swiss Franc Bond House
-
Swiss Franc Bond
-
Sterling Bond House
-
Sterling Bond
-
Non-Core Currency Bond House
Structured Finance awards
Loans awards
Emerging Markets awards
Derivatives awards
Equity awards
IFR awards Foreword
Review of the Year - Foreword
Never before in the long history of IFR awards has one bank been so dominant. In what is our equivalent of a “Titanic at the Oscars” moment.
