11 Comments
 

Going forward ML and MS will follow the GS model in IBD i.e. no more M&A team.. which makes sense those bunch of cost centre dudes .. i.e. every sector coverage team will execute their own M&A so I would take an industry group you are interested in..

 

When will this happen and what will happen to the M&A groups? Seems like a process that may take awhile and it also doesn't seem like banks will let go a large number of M&A bankers considering it is a more competitive group to get into which attracts top talent. Will they just be spread to coverage groups?

"One should recognize reality even when one doesn't like it, indeed, especially when one doesn't like it." - Charlie Munger
 

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