Itau Set for ECM Table Crown

Itau is leading other LatAm ECM shops in volume heading into the final week of 2011, according to Dealogic data. The Brazilian bank had taken credit for 26 offerings worth $3.51bn year to December 16, and was set to beat out Santander ($2.58bn from 15 issues) and Credit Suisse ($2.55bn from 19 deals). The LatAm regional total stood at $30.96bn from 76 deals on the year, down from the $54.07bn seen through 72 transactions in 2010, when BTG Pactual took the top spot and Itau came in second. This year, BTG has fallen to seventh place over this period, according to Dealogic data. Itau also leads the tables in fees for 2011, earning $82m, or 13.3% of the pool. It beat out JPMorgan, with $62m (10.1%), and BTG with $61m (10.0%). Out of a global ECM volume of $620.9bn (down 31%), LatAm’s total of $30.96bn pales in comparison to the $188.7bn seen in the US, the $155.1bn in EMEA and the $188.3bn in Asia Pacific ex-Japan.