Emerging Markets Investment Banking

Question

The rising impact of emerging markets has had important implications for the world of business and finance, with emerging market economies providing domestic and international organizations with opportunities for investment and expansion.

What sorts of opportunities exist at US banks for emerging-market banking and getting involved with emerging markets?

Thanks.

What sorts of opportunities exist at US banks for emerging-market banking and getting involved with emerging markets?

Thanks.

Finexpert · Accepted Answer

US banks have many opportunities to get involved with emerging markets. There is an increasing demand for retail investment products (from affluent and middle/lower-income segments of the population), financing work for various infrastructure/public services projects, financing/advisory services work to assist businesses that are looking to expand overseas (e.g. debt/equity financing, risk management and hedging).

Aishani Jackson · Answer

Hopefully my input on this issue can be of great help to some of you trying to get involved with banking and rise up in emerging markets. As a banker, myself, I too have asked myself this question for years, even decades. But it wasn't till recently that I truly began to question the increasing influence of these emerging markets and the implications they can have for US banks.  I do think the risk in investing in these emerging markets is great- international investing involves risks such as foreign taxation, currency risks, and differences in financial standards.

Naoki Hanzawa · Answer

Covered China a decade ago in New York. Used that experience to cover Asia now. A few things to point out:

Need affinity to the market; as you get more senior, you really need to build relationship with the CEOs in that market.
Business level fluency in that market's official language is expected (especially countries like Japan, Korea, China). Understanding local business culture is a must.
Typical exit opportunities are various roles at i) local family offices/conglomerates, ii) county specific funds, and iii) country desk head at foreign banks.

Carl Van Loon · Answer

If you want to cover Latam, proficiency in either Spanish or Portuguese is almost necessary. Goldman has a great Latin America IB group. A lot of what the team covers revolves around infrastructure and transactions involving sovereigns. Although this may not be the case everywhere, I believe some places like BAML have Latin America coverage groups set up for both Latam and Brazil exclusively. These teams usually don't overlap and are comprised of individuals with some cultural connections to the regions they cover.

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