Printer Friendly

B.E. investment banks.

Last year BLACK ENTERPRISE altered the methodology for ranking investment banks to better capture how deals are recorded in the financial services industry, opting to separate the two main classes of securities underwritten:

* Taxable: stocks of publicly traded companies, plus corporate, agency, and securitized bonds

* Tax-exempt: municipal bonds

BLACK ENTERPRISE, as well as Thomson Reuters, a major provider of financial services information that helps in compiling this annual list, felt that since the deal structures--including the fees the investment banks receive--for these two classes of securities are so disparate, separating them offered a clearer snapshot of the firms' banking activity.
TAXABLE SECURITIES RANKING *

This   Last
Year   Year    Company                                Location

1      1       Loop Capital Markets L.L.C.            Chicago, IL
2      2       The Williams Capital Group L.P.        New York, NY
3      6       Siebert Brandford Shank & Co. L.L.C.   New York, NY
4      --      Rice Financial Products Co.            New York, NY
5      4       Blaylock Robert Van L.L.C. ***         Oakland, CA

Company                                Chief Executive

Loop Capital Markets L.L.C.            James Reynolds Jr.
The Williams Capital Group L.P.        Christopher J. Williams
Siebert Brandford Shank & Co. L.L.C.   Suzanne Shank
Rice Financial Products Co.            J. Donald Rice Jr.
Blaylock Robert Van L.L.C. ***         Eric V. Standifer

                                                     Lead
                                                    Issues
Company                                 Staff    (in millions)

Loop Capital Markets L.L.C.              129       $2,248.5
The Williams Capital Group L.P.           58        1,846.8
Siebert Brandford Shank & Co. L.L.C.      75        1,775.6
Rice Financial Products Co.               40          257.7
Blaylock Robert Van L.L.C. ***            48          102.9

                                        Lead        Co-lead
                                       No. of       Issues
Company                                Issues    (in millions)

Loop Capital Markets L.L.C.              15       $214,101.9
The Williams Capital Group L.P.           5        267,112.1
Siebert Brandford Shank & Co. L.L.C.      8         26,897.3
Rice Financial Products Co.               3          5,631.5
Blaylock Robert Van L.L.C. ***            3        128,976.0

                                       Co-lead
                                       No. of    Total Issues
Company                                Issues    (in millions)

Loop Capital Markets L.L.C.              271      $216,350.4
The Williams Capital Group L.P.          156       268,958.9
Siebert Brandford Shank & Co. L.L.C.      77        28,672.9
Rice Financial Products Co.               25         5,889.2
Blaylock Robert Van L.L.C. ***            63       129,078.9

                                        Total
                                       No. of
Company                                Issues

Loop Capital Markets L.L.C.              286
The Williams Capital Group L.P.          161
Siebert Brandford Shank & Co. L.L.C.      85
Rice Financial Products Co.               28
Blaylock Robert Van L.L.C. ***            66

AS OF DEC. 31, 2009. SOURCE B.E. RESEARCH AND THOMSON REUTERS.
REVIEWS BY KBL LLP. CERTIFIED PUBLIC ACCOUNTANTS & ADVISORS.

The above ranking of firms is based on the total deal proceeds of
taxable debt and equity offerings on which the underwriting firm
served as a bookrunner (senior lead) or co-manager. Each underwriter
is accredited with the full value of the deal proceeds on which they
served as either a bookrunner or co-manager. Thomson Reuters Taxable
Securities (Debt and Equity Capital Markets) data includes IPOs,
Equities Primary and Secondary Offerings, Block Trades, Accelerated
Bookbuild transactions, Privatization Transactions, REITS, Investment
Funds elected to be treated as business development companies, Close-
end funds, Rights Offerings, Income Depository Shares, Primary Bond
Offerings, Internationally offered underwritten debt transactions,
Domestic issuance, Preferred Securities, High Yield and Emerging
Market transactions, Asset Backed Securities, Mortgage Backed
Securities, Collateralized Debt Obligations, MTN takedowns,
Certificates of Deposit, except in UK. Please note that Williams
Capital Group did not participate on any municipal bond issues in
2009 according to the information provided to Thomson Reuters.
"Acquired SBK-Brooks Investment Corp. in 2009.

TAX-EXEMPT SECURITIES RANKING

This   Last
Year   Year   Company                                Location

1      1      Siebert Brandford Shank & Co. L.L.C.   New York, NY
2      2      Loop Capital Markets L.L.C.            Chicago, IL
3      4      Rice Financial Products Co.            New York, NY
4      3      M.R. Beal & Co.                        New York, NY
5      5      Jackson Securities L.L.C.              Atlanta, GA

Company                                Chief Executive

Siebert Brandford Shank & Co. L.L.C.   Suzanne Shank
Loop Capital Markets L.L.C.            James Reynolds Jr.
Rice Financial Products Co.            J. Donald Rice Jr.
M.R. Beal & Co.                        Bernard B. Beal
Jackson Securities L.L.C.              Reuben R. McDaniel III

                                                     Lead
                                                    Issues
Company                                 Staff    (in millions)

Siebert Brandford Shank & Co. L.L.C.      75       $7,062.9
Loop Capital Markets L.L.C.              129        4,961.2
Rice Financial Products Co.               40        1,607.6
M.R. Beal & Co.                           41        1,579.0
Jackson Securities L.L.C.                 25           23.8

                                        Lead        Co-Lead
                                       No. of       Issues
Company                                Issues    (in millions)

Siebert Brandford Shank & Co. L.L.C.     39        $83,775.6
Loop Capital Markets L.L.C.              33         86,809.6
Rice Financial Products Co.               8         31,864.9
M.R. Beal & Co.                           7         42,869.0
Jackson Securities L.L.C.                 1         42,361.6

                                       Co-Lead
                                       No. of     Tota Issues
Company                                Issues    (in millions)

Siebert Brandford Shank & Co. L.L.C.     337       $90,838.5
Loop Capital Markets L.L.C.              717        91,770.8
Rice Financial Products Co.              119        33,472.5
M.R. Beal & Co.                          160        44,448.0
Jackson Securities L.L.C.                140        42,385.4

                                        Total
                                       No. of
Company                                Issues

Siebert Brandford Shank & Co. L.L.C.     376
Loop Capital Markets L.L.C.              750
Rice Financial Products Co.              127
M.R. Beal & Co.                          167
Jackson Securities L.L.C.                141

AS OF DEC. 31, 2009. SOURCE: B.E. RESEACH AND THOMSON REUTERS.
REVIEWED BY KBL L.L.P., CERTIFIED PUBLIC ACCOUNTANTS & ADVISORS.
COPYRIGHT 2010 Earl G. Graves Publishing Co., Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2010 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:BE 100s: THE NATION'S LARGEST BLACK BUSINESSES
Publication:Black Enterprise
Article Type:Company rankings
Geographic Code:1USA
Date:Jun 1, 2010
Words:918
Previous Article:B.E. asset managers.
Next Article:B.E. private equity firms.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters