DirectBooks Celebrates First Full Year of Euro and Sterling IG
NEW YORK , June 15, 2022 /PRNewswire/ — DirectBooks announced today that U.S. Bank, KeyBanc Capital Markets, and Fifth Third Securities have joined the platform. These additions increase the total to 22 global underwriters on DirectBooks.
In April, DirectBooks celebrated the one-year anniversary of its Euro and Sterling Investment Grade go-live, and welcomed its 200th institutional investor counterparty to the user community.
“We are pleased to welcome these three important institutions to our growing community of underwriters,” said DirectBooks CEO, Rich Kerschner. “We look forward to enabling U.S. Bank, KeyBanc Capital Markets, and Fifth Third to evolve their primary issuance workflow via the world-class DirectBooks communications platform.”
“Leveraging innovative technology solutions is core to our commitment at U.S. Bank to enhancing transparency and efficiency for our issuing and investing clients. We are excited to join the DirectBooks platform and work closely with our banking peers to deliver a more simplified and efficient tool for our primary market clients,” said Jimmy Whang, Head of Credit and Municipal Fixed Income, U.S. Bank.
“We are always looking for opportunities to further improve the efficiency and transparency of the new issue process for both our clients and the investor community,” said Gary Andrews, Head of Syndicate Fixed Income, KeyBanc Capital Markets. “Technology and innovation remain at the forefront of those efforts, so we’re excited to join the DirectBooks platform as we strive to provide superior service and execution for our clients.”
“Fifth Third is focused on keeping our clients at the center of all we do,” said Bob Marcus, Executive Vice President, and Head of Capital Markets at Fifth Third Securities. “We’re dedicated to supporting our clients and bringing them best-in-class solutions and experiences. Joining the integrated DirectBooks platform is an exciting next step in our commitment to seamless debt execution. Through the platform, Fifth Third will offer increased transparency and a more efficient exchange of information throughout the new issue deal process to the benefit of our corporate issuer and institutional fixed income investor clients.”
DirectBooks leverages its technology expertise and market knowledge to optimize global financing markets. We are simplifying the primary issuance process for fixed income by streamlining communications workflows for underwriters and institutional investors. DirectBooks was formed by 9 global banks, consisting of Bank of America (NYSE:BAC), Barclays (NYSE:BCS), BNP Paribas (FR:BNP), Citi (NYSE:C), Deutsche Bank (NYSE:DB), Goldman Sachs (NYSE:GS), J.P. Morgan (NYSE:JPM), Morgan Stanley (NYSE:MS), Wells Fargo (NYSE:WFC). A complete list of participating underwriting firms can be…