London – August 09, 2013 – Ipreo Debtdomain, the global leader in web-based systems for loan syndication, secondary sales and agency, today announced that ICBC (London) plc has signed an agreement to implement Debtdomain Syndicated Loans. Debtdomain will be used for primary, secondary and agency sites, investor CRM and deal pipeline.
ICBC has recently hired experienced syndication staff and was keen to invest in systems to support the growing team. Benny Zachariah, Syndication and Sales for ICBC (London) plc, explained: “Our goal is to work together with other arrangers and play a more meaningful role in both the primary and secondary loan markets by leveraging off the strength of the ICBC group. Our plan is to increase our credibility in the loan market so it makes sense for us to invest in systems and to choose the best platform available.”
Sean Tai, EVP and MD of Debtdomain Syndicated Loans, said, “We are delighted to welcome ICBC as a client. Debtdomain, founded in Asia, supports simplified and traditional Chinese in its platform and employs a team of Mandarin speaking support staff. We look forward to supporting ICBC’s efforts across regions.”
About Ipreo Debtdomain
Ipreo is a global leader in providing market intelligence, data, and technology solutions to all participants in the global capital markets, including sell-side banks, publicly traded companies, and buy-side institutions. By combining state-of-the-art new issuance systems with the premier global financial and investor data, Ipreo enables our capital markets clients to execute deals more efficiently. Ipreo is the only financial services provider to offer solutions to all participants across all asset classes for the Loan Syndication, Fixed Income, Municipal and Equity markets. Ipreo is a KKR portfolio company with more than 650 employees supporting clients in every major financial hub around the world.
Debtdomain is a web-based system for managing the loan syndication process from pitch to agency. The solution covers deal setup, pipeline reporting, sole and joint bookrunning, and secure document distribution. Debtdomain also offers an investor CRM tool powered by a database of over 250,000 contacts, and integrated with bookrunning and deal sites. Debtdomain is used by over 150 leading loan market arrangers and agents.
Today, of those EMEA syndicated loans bookrunners that have deployed a syndication platform, bookrunners representing over 95% of that volume have implemented Debtdomain Syndicated Loans (based on 2012 Thomson Reuters League table).
About ICBC (London) plc
ICBC (London) plc in the UK is the direct, 100% wholly-owned subsidiary of the Industrial and Commercial Bank of China Limited. The ICBC group is one of the largest banks in the world by profit (2012 USD 38.4 billion), assets (2012 over USD 2.8 trillion), market capitalization (USD223.4 billion) and staff (over 400,000). The ICBC group has an overseas presence in 39 countries through its branch and subsidiary network.
For more information, please visit the website www.icbclondon.com
- For Ipreo
- Kate McKay
- Managing Director, Global Marketing & Communications