Calyon Affirms Growth Plans for Its Global CDO Business, with Focus on North America.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Calyon, the corporate and investment bank of the Credit Agricole Group, today announced that its Credit Markets & Collateralized Debt Obligations Collateralized Debt Obligation (CDO) A general inclusive term which covers Collateralized Bond Obligations, Collateralized Loan Obligations, and Collateralized Mortgage Obligations, (CDO (Collaborative Data Objects) A programming interface from Microsoft for accessing MAPI-based e-mail, calendaring and scheduling servers. Originally called "OLE Messaging" and "Active Messaging," CDO wraps the Enhanced MAPI library into a COM object that provides the ) product line within Fixed Income would grow from its current 180 professionals to more than 240 globally in 2007. "The growth of our Credit Markets & CDO activities will come from a balanced mix of Synthetic Correlation and Cash CDO credit products, with a particular emphasis on North America, where we intend to double our CDO activity next year," said LoE[macron ma·cron n. 1. A diacritical mark placed above a vowel to indicate a long sound or phonetic value in pronunciation, such as (  ) in the word make.2. ]c Fery, Managing Director and Global Head of Credit Markets & CDOs. Calyon also announced today that a group of professionals from its London office are temporarily working out of Calyon's CDO Structuring, Sales and Trading team in the United States. The move, which includes Edouard Bremond, Head of European Cash CDO Structuring, is in response to the recent departure of certain individuals from the U.S. CDO Structuring unit. Mr. Bremond will work closely with Zain Abdullah, Managing Director and Head of U.S. Credit Markets & CDO, who will continue to supervise the day-to-day operations of Calyon's CDO Structuring business in the Americas and its team of professionals. Several other professionals from the London office are also working out of the New York office on an interim basis, including Bob Rosman, a senior ABS/CDO trader who will work closely with Thomas Spitz spitz Any of several northern dogs, including the chow chow, Pomeranian, and Samoyed, characterized by a dense, long coat, erect pointed ears, and a tail that curves over the back. In the U.S. , Head of U.S. Credit Markets & CDO Trading on warehousing risk management related to the CDO activity. "This move has ensured a seamless transition and the same high levels of service to which our US clients -- asset managers and investors -- are accustomed," said Mr. Abdullah. "Having seasoned professionals joining from Europe, along with the continued sales team leadership of Bertrand Delaunay and Michael Stiuso as heads of US Structured Credit Sales and U.S. Flow Credit Sales, respectively, likewise assure continuity and ability to roll out our growth plans, including execution of pending mandates." Mr. Fery added, "We expect to appoint a new Head of U.S. Cash CDO Structuring within the next few weeks, and will also add other CDO professionals to the New York team as planned." ABOUT CALYON Calyon is Credit Agricole's Corporate and Investment Banking entity. With a staff of 13,000 employees in more than 55 countries, Calyon is active in a broad range of Capital Markets, Investment Banking and Financing activities. Calyon's Credit Markets & CDOs team has 180 people globally, including 80 dedicated credit sales staff involved in CDOs and structured credit distribution. It also includes a high-profile global structured credit platform with more than 80 structurers and structured credit traders globally. Calyon is a leading CDO arranger in both synthetic and cash products. Calyon in the Americas offers corporate and institutional clients the latest in financial products & services through its three main entities: the banking unit Calyon, the full service broker-dealer Calyon Securities (USA) Inc. which is a member of the NYSE NYSE See: New York Stock Exchange and NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). , and, for financial and commodities futures, Calyon Financial, which is registered with the CFTC CFTC See: Commodity Futures Trading Commission CFTC See Commodity Futures Trading Commission (CFTC). . Calyon structures, originates and distributes financial solutions for both domestic & international clients, drawing on proven capital market expertise coupled with in-depth knowledge of the US & Latin American markets. It provides capabilities in project finance, securitization Securitization The process of creating a financial instrument by combining other financial assets and then marketing them to investors. Notes: Mortgage backed securities are a perfect example of securitization. May also be spelled as "securitisation. , syndications, derivatives, foreign exchange, fixed income, and ABS origination and distribution, as well as comprehensive advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal and capital market solutions. www.calyon.com www.calyonamericas.com |
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