Among the 174 analysts whose names appear on Institutional Investor’s 2016 All-America Fixed-Income Research Team are 28 newcomers, including two who debut atop their respective rosters: Bank of America Merrill Lynch’s Mark Hammond in the newly added High-Yield Financials sector and S. Karl Blunden of Goldman, Sachs & Co. in Investment-Grade Basic Industries.

These fresh faces hail from eight firms. Bank of America Merrill Lynch is home to the highest number of newcomers, with eight, while J.P. Morgan and Morgan Stanley lay claim to four apiece. Here is the full list of analysts and team leaders celebrating their first appearances on the All-America Fixed-Income Research Team.

Bank of America Merrill Lynch

• Mark Capleton, Treasury Inflation-Protected Securities (with Shyam Soundararajan), runner-up

• Collin Chan, Collateralized Loan Obligations (with Christopher Flanagan), runner-up

• Mark Hammond, Financials (High Yield), first place

Advisors and Their Clients Call for New Asset Classes in Model Portfolios

Sponsored by BlackRock May 6, 2025

• Michael Khankin, Prepayments Strategy (with Satish Mansukhani), runner-up

• Michelle Meyer, Economics (with Ethan Harris), runner-up

• Yuriy Shchuchinov, Investment-Grade Strategy (with Hans Mikkelsen), third place

• Athanasios Vamvakidis, Currency/Foreign Exchange (with David Woo), runner-up

• Fan (Dora) Xia, U.S. Rates Strategy (with Shyam Soundararajan), runner-up

Barclays

• Sandeep Gupta, Media & Entertainment (Investment Grade), runner-up, and Telecommunications Services (IG), third place

• Shobhit Gupta, Investment-Grade Strategy (with Jeffrey Meli), runner-up

• Kevin Norrish, Commodities, runner-up

Citi

• James Finnerty, Building (HY), third place, and Chemicals (HY), runner-up

• Kevin Ziets, Consumer Products (HY), runner-up

Deutsche Bank

• Jerome Saragoussi, Treasury Inflation-Protected Securities (with Alex Li), runner-up

• George Saravelos, Currency/Foreign Exchange (with Alan Ruskin), runner-up

Goldman, Sachs & Co.

• S. Karl Blunden, Basic Industries (IG), first place

• Lara Devieux, Insurance (IG), second place

• Cindy Guan, Health Care (HY), second place

J.P. Morgan

• Matthew Anavy, Energy (IG), third place

• Arjun Chandar, Paper & Packaging (HY), third place

• Paul Meggyesi, Currency/Foreign Exchange (with John Normand), second place

• Scott Speaker, Commodities, runner-up

Morgan Stanley

• Nicholas Kirschner, Interest Rate Derivatives (with Mikhail Levin), second place

• Mikhail Levin, Interest Rate Derivatives (with Nicholas Kirschner), second place

• Vishwas Patkar, Credit Derivatives (with Adam Richmond), third place

• Mia Qian, Collateralized Loan Obligations (with Richard Hill), second place

Wells Fargo Securities

• John McElravey, Consumer Asset-Backed Securities Strategy, runner-up

• C. Kyle Roland, Health Care (IG), second place

The 2016 All-America Fixed-Income Research Team reflects the opinions of nearly 1,900 portfolio managers and buy-side analysts at some 535 institutions that oversee an estimated $9.7 trillion in U.S. fixed-income assets.

Complete survey results will be released tomorrow.