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Infra and LevFin are both solid options, DCM also due to the balance sheet again is a good group in Global Banking
Good man, really interested in Infra as well
Yeah infra is a good team with solid deal flow, but conversion rates can be lower than other parts of global banking
1) DCM 2) LAF / FSG 3) Chemicals
I'm familiar with Global Banking at HSBC to some extent. HSBC is ultimately a lending bank, with an IB arm. It's mandates often come from its lending relationships and as such it is balance sheet driven. As a result, in terms of capital markets, DCM is the way to go. It's DCM group is quite strong. From an M&A perspective, you want to go for the LAF / FSG group (but it is grouped with ECM in a pool, so there's a chance you'll be in ECM if you go for this pool) as that's decent.
Out of the sector teams, only decent team I'd say is the Chemicals, as exemplified by the ChemChina deal.
No knowledge on the infrastructure / real estate team or the FIG team so can't comment on them.
The chemchina deal was brought by a rainmaker in hk who had gone Given they were advising buyer out of china this seems pretty obvious... And it was driven by country coverage rather than sector team...
I think london did the heavy lifting but that would be pretty much a one off thing as the rainmaker is no longer there
HSBC also just advised Akzo Nobel on the sale of their chemicals business too.
Arctic, would you know which team (between LAF and FSG) is viewed as the stronger group within HSBC London - especially in terms of deal flow and exit opps.
Also does the FSG team do most of its own modelling, or is that left to LAF, with FSG being more of just a coverage group?
HSBC-London-M&A which coverage group should I choose or should I go for execution? (Originally Posted: 02/20/2013)
I have been offered an Internship with HSBC London in M&A for the summer. I like following several sectors and I wanted to know if anyone was aware of which groups are growing right now and which would be best to experience for 10 weeks.
Financial Sponsors Chemicals Business Services and Transport Resources and Energy Infrastructure Autos Mining Consumer brands M&A execution
pm'd
hey oreos, i was wondering if you'd share some thoughts about hsbc advisory groups im in a pretty much same situation as the guy above thanks!
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