Anyone have any insight into the group? I understand that they sit in Capital Markets, but there appears to be a disconnect in the work that they do in LDN and what they do in NYC. Apparently LDN models more?
I was wondering if anyone knew to what extent they do that or if it's just light and they don't need to build it all from scratch?
Additional insights into the group also warmly welcomes, especially surrounding hours (summer and normal times), etc.
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Yes, they are a CM team but sit next to the Sponsors IBD team, a lot of collaboration there. They do modelling specific to credit which isn't covered by the Sponsor team, but LBO modelling from my understanding is done by the Sponsors team generally. Citi's solutions haven't been all that attractive to Sponsors historically, but from my understanding they are looking to expand in this area. No insights for the hours/culture.
Thanks! I thought IB teams sat on a different floor to CM?
CM teams do typically sit on the trading floor if I'm not mistaken, but I'm guessing LevFin specifically sits closely to the Sponsors team because there's a lot of overlap in their work. It's probably only temporary because the main building is under renovation.
This is accurate, can confirm from first hand info
LevFin is part of CM which together with Advisory is BCMA. Similar to how GS IBD has a Classic and Financing split. S&T is entirely separate.
Modelling is usually split so that by default LevFin takes care of the capital structure bits. While sponsors group and industry teams usually handle opmod/assumptions, that's decided on a case by case basis and if banking is not on top of things LevFin may take care it also.
Juniors in Sponsors and LevFin have been cross-staffed recently so deal teams can be mixed.
Part of the effort to expand their LBO business I think. Hired a new MD recently.
Don't know much about WLB but it seems decent, although fluctuates strongly with dealflow. Big team, so hard to pinpoint a distinct culture.
The new MD is in Loans and Leveraged Finance
Culturally, the team varies with personalities. Heard from a friend.
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