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noelle37's picture

given recent events, which firms have best dcm groups?

anyone?

No votes yet
HerSerendipity's picture

With the Leh/Barcap merger,

With the Leh/Barcap merger, I'd say they'll definitely be a force to be reckoned with. Leh has/had some of the best power/natty res and fig dcm teams on the Street. I haven't looked at the league tables in awhile but I think they are pretty high up.

Barcap has also been traditionally strong in credit/debt (for the most part, their U.S. IBD biz was mostly DCM with a sprinkle of coverage and such. They laid off half their lev fin team earlier this year)

indian-banker's picture

Depends what region you are

Depends what region you are talking about. In Europe, Deutsche is no.1 according to league tables and I think in Asia, HSBC is no.1 and Deutsche is no.2. JP Morgan and Citi continue to very strong DCM teams in the US. Barclays has had a very good dcm desk too actually. They were mandated on quite a few deals in Asia and Europe from what I last remember. Overall, for DCM, these banks are usually lead mandates on most deals:

Citi
JP Morgan
Deutsche Bank
Barclays

Ratatouille's picture

IMO I don't think DCM and

IMO I don't think DCM and ECM are good places to be. DCM probably worst right now.

indian-banker's picture

Depends where mate. When I

Depends where mate. When I was working over the summer in Asia, I saw good deal flow. But my US colleagues told me the deal flow was pretty slow.