Was wondering which BB has the best LevFin Team when it comes to experience and exits? Understand that the way teams are set up is highly dependent on the bank, but does this really impact the exits?
DB is the best for LevFin in EMEA overall. Massive sponsor activity and good in general - good mixture of refinancings / sponsor activity / repricings.
Followed by Barclays for the same reason.
JPM is a machine for refinancings but doesnt do as much sponsor activity. Large team so the little sponsor activity in the team may be done by one of the other many analysts apart from you
You talk about DB, Barc, JPM and GS and end up mentioning BofA?
diversifiedEMEA is not the US. BofA is nowhere. Top 5 LT is probably incl. JPM, GS, BNP, Barc, DB. Out of those you have DB as the bank with good sponsor relationships. JPM, BNP diversivied with many corporate clients. GS not a BS bank but due to M&A franchise still doing great on the LevFin side.
GS, JP, and BNP are all up there as far as LTs go, but they’re all process-heavy teams with limited analytical work for the most part. DB is up there along with these 3, but due to their setup the heavy lifting isn’t done by the sector team and they actually get to do some credit work. BofA is similar in terms of setup, and while they used to be a top franchise, they’re not the same (consistent loss of seniors, most recent of which was their origination head leaving for a CFO gig). Still a decent place as far as levfin learning/exits go. Barclays are decent at best, definitely not an outstanding franchise (and they’re also process monkeys).
Works at PwC
10mo
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Deutsche
Bump - interested to hear about JPM in particular
Same, especially given their latest posting…
What posting are you specifically referring to?
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DB is the best for LevFin in EMEA overall. Massive sponsor activity and good in general - good mixture of refinancings / sponsor activity / repricings.
Followed by Barclays for the same reason.
JPM is a machine for refinancings but doesnt do as much sponsor activity. Large team so the little sponsor activity in the team may be done by one of the other many analysts apart from you
GS is not a BS sheet bank so limited.
So all in all, DB, Barclays, BofA are top 3
You talk about DB, Barc, JPM and GS and end up mentioning BofA?
diversifiedEMEA is not the US. BofA is nowhere. Top 5 LT is probably incl. JPM, GS, BNP, Barc, DB. Out of those you have DB as the bank with good sponsor relationships. JPM, BNP diversivied with many corporate clients. GS not a BS bank but due to M&A franchise still doing great on the LevFin side.
HSBC LAF
GS, JP, and BNP are all up there as far as LTs go, but they’re all process-heavy teams with limited analytical work for the most part. DB is up there along with these 3, but due to their setup the heavy lifting isn’t done by the sector team and they actually get to do some credit work. BofA is similar in terms of setup, and while they used to be a top franchise, they’re not the same (consistent loss of seniors, most recent of which was their origination head leaving for a CFO gig). Still a decent place as far as levfin learning/exits go. Barclays are decent at best, definitely not an outstanding franchise (and they’re also process monkeys).
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