CBA's debt market challenge

Commonwealth Bank’s head of institutional banking and markets leaves at the end of 2013 and his replacement faces a challenge in debt underwriting.

Whoever replaces Ian Saines as head of Commonwealth Bank of Australia’s (CBA) institutional banking and markets unit may have to decide if the bank wishes to aggressively challenge ANZ (ANZ) and Westpac (WBC) in Australian debt underwriting, even as international investment banks snatch Commonwealth Bank’s equity trading market share.

Between 2010, the first full year of Saines’ tenure as head of institutional banking, and 2012, Commonwealth's ranking and market share among Australian debt underwriters has slipped, according to Bloomberg data.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles