Citi FIG Group reputation

Question

Citi's FIG group recently came to campus, and it is said that their FIG group is pretty good on the Street, like considered better than their general IBD department. I am wondering if that is the case, and what the exit ops look like? Got a FIG offer for the summer. Was wondering about this since there were next to no recent threads on Citi's IBD, nor FIG group in particular. Thanks!

InfidelCashFlow · Accepted Answer

Don't think anyone will deny GS/JPM/MS are strong in the space. But I don't think your second statement is that accurate.

Just took a look at PWP since you listed it first. They've done four deals in the last 12+ months across the firm in FIG. Only two have disclosed transaction values - Owl Rock deal was big ($12.5B) and there's another $1.3B deal. I listed 3 sizable US FIG deals Lazard has done recently.

associateBBIBD · Answer

It's good but the part about being better than general IB is a bit ridiculous if you're interested in exits outside of FIG. This is true for most firms with the exception of GS/JPM.

JPM, Barclays, GS, Citi, MS are the BBs generally strong in FIG. Outside of it you have Lazard, KBW, Piper Sandler and more,

InfidelCashFlow · Answer

Lazard worked on the following deals out of its US FIG practice over the last ~6-9 months: M&T on its acquisition of People's United ($7.6B), Allstate on its sale of Allstate Life Insurance to Blackstone ($2.8B), MassMutual on its sale of its retirement plan business to Empower Retirement ($3.35B). Find it hard to believe they're not considered strong.

https://www.lazard.com/businesses/transactions/&nbsp;

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Citi FIG Group reputation

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