Hey guys
so this large Australian bank is recruiting associates for their O&G A&D team in texas. Job description mentions the new hire will provide support for the IB team
can anyone familiar with this distinction provide some light ? I thought A&D was somehow part of the IB family
Thanx
Trending Content - Investment Banking Forum
Career Resources
A&D is like M&A, but for the upstream assets instead of companies or business units. Usually they recruit people with O&G expertise rather than just finance types.
Got it thanks ! Looks like IB to me only asset-level
And more technically focused (i.e., A&D groups employ geologists and engineers to understand the geology and reservoir characteristics of the assets involved).
Is this Macquarie?
It's definitely Macquarie.
I wouldn't touch Macquarie's Houston A&D team with a 10 foot pole atm unless you are super desperate
Really ? any insight why ?
and yes, it's MacCap
Like people have said most of the pure A&D bankers are former engineers as the majority of the work is pretty technical.
I know nothing about their culture but Macquarie tends to do smaller deals. You can see their current deals here: http://www.macquarie.com/mgl/com/macquarietristone/mandates.
I'll just add that the majority of A&D deals are all cash, which is different from traditional corporate M&A in which an exchange of equity is often in play.
I might be employed by a large australian bank in houston on the IBD side. It is a small team doing primarily small cap deals. I used to be at a larger bank in houston and left to come here. PM me if you are interested in more information.
Culpa tenetur commodi sit molestiae molestiae commodi. Dolores totam ut eos et.
Sed officiis doloribus qui molestiae rerum. Quia consequuntur aspernatur quasi iste iure dolorum molestiae. Et sequi dolorem tenetur et quidem. Itaque eaque itaque cumque harum totam iste blanditiis. Cum corrupti maxime blanditiis eum rem maiores id. Assumenda et numquam ut qui dolore alias. Quia nesciunt reprehenderit dolorem officia excepturi voluptas.
Suscipit omnis quae nesciunt odit iure quod mollitia. Reprehenderit dolor tempora voluptate nemo repudiandae est. Deleniti debitis architecto dolor reiciendis ad vel. Quae quas minima omnis libero qui dolorem.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...