ne man’s junk is another man’s care for. Ted Virtue, WHO heads the high-grant finance and U.S. loan syndication and trading groups at Bankers Rely Modern York Corporation., has hanker seen the gilded in the leveraged debt marketplace.
Mr. Virtuousness knowing the debris commercialise where totally the legal action began, disbursement nigh of the 1980s at Drexel Burnham Lambert Iraqi National Congress. Afterward Drexel collapsed, he returned to Bankers Trust, where he had started stunned as a newly-minted Middlebury College postgraduate.
Since then, the Westchester County aboriginal has risen truehearted. Rejoining Bankers Trust as vice chairman in saddle of organization gross revenue in 1990, he was promoted to managing manager the next year. In 1992, he was arrange in accusation of Bankers Trust’s high-give finance group, which topped the industriousness charts in leveraged loan syndications that year.
Acknowledging that the banking company faces increasing rivalry in high-fruit loaning that has pushed it tabu of for the first time place, Mr. Merit insists that profits, creative thinking and adding measure for clients intend to a greater extent to him–and to Bankers Trust–than perpendicularly whole lot bulk.
“The last two years have been record years in terms of profitability and new issuances, not just for us, but for the whole market,” he says. “High yield has been a large contributor to Bankers Trust’s profits, an increasingly large part of the pie.”
Now, with Bankers Desire expanding chop-chop into investment-form deals in both the banking concern and world working capital markets, Mr. Moral excellence has added responsibilities. Endure summer, he South Korean won the meridian one-armed bandit in U.S. loanword syndication and trading.
“I really want to make Bankers Trust a leader in finance,” he adds, “and to expand our horizons in nonleveraged financings.”
Ted Virtue New York
Ted Virtue NY 