Hong Kong BB deal flow/prestige ranking?
What is the general ranking of BBs in HK, in terms of deal flow/prestige? I can read the league tables, and I know UBS performs really well in Asia, but which banks get the sexiest deals?
The banking pecking order in HK is very different than NY/LDN. Throw away all the junk about "best groups", "sexy deals" - it doesn't really exist here. If you want to know which firm is best for you specifically, you need to give more info. How bad do you want buyside exits, are you an M&A or cap markets person, etc.
My goal is to transition into a buyside role (probably in mainland) after 3 years of analyst, and I'm interested in M&A.
My goal is to transition into a buyside role (probably in mainland) after 3 years of analyst, and I'm interested in M&A.
Well to be perfectly honest there's no huge difference in PE placement in HK among different BB M&A groups. Apart from Barclays (which has a pretty hemorrhaged franchise) and GS (which doesn't have M&A) all the other BB M&A teams seem to have very good placement to PE. PE recruiting in HK seems to depend a lot less on the firm and dealflow.
Buyside as an exit is also less common in HK BBs. Exit to buyside roles in Mainland? Much less common. Mainland buyside roles require HK bankers to be something they typically can't - 接地氣. Those that exit to mainland pretty much are all mainland-born.
That said, among just those I've heard of, the exits in the past few yrs have been:
DB to RRJ, Warburg Pincus MS to TA Associates, Temasek, KKR BAML to TPG, Hillhouse JPM to KKR CS to TPG UBS to Warburg Pincus
Temasek do take people out of undergrad like many PE firms in China.
bump, also curious about this
Temasek - helping the Lee family fritter away the pension funds of hardworking Singaporeans.
bump. I'm a MF-or-bust type of guy.
surprised i didn't get any MS for saying I'm MF-or-bust...bump
You should PM me, I went though SA recruiting last summer and will be returning full time this summer.
PM'd you. Thanks!
bump bump bump
bump
bump
HK BB Rankings (Originally Posted: 02/03/2010)
How would you rank the BBs in HK in terms of prestige and deal flow?
Here is how I would rank them:
Any thoughts?
How can you not include HSBC in BB rankings in HK?
Not sure I would include HSBC...
There are two 5s.
HSBC has no deal flow...
I think GS should be higher than J.P.Morgan, and DB/CS should be higher than BAML.
Macquarie should deserve a spot in the top ten
Can you guys give a reason? Any insight into why your opinion is like this would be greatly appreciated.
Citi is doing ok in HK, i think How about CICC? it has lots of connections with Chinese companies.
Excluding Chinese domestic IB (CICC, CITIC, BOCI etc)
No way is DB so high. 5-6 at best.
1st Tier: MS/UBS/GS 2nd Tier: JP/CS/BAML 3rd Tier: Citi/Numora/DB/ Shit Tier: BarCap/HSBC
I would swap JP and GS and drop BAML down to 3rd tier.
My HK quant finance professors ranked MS and GS as 1 and 2, respectively.
Is BAML that bad in HK?
does it really matter... UBS has more deals than GS and is number 1 in ECM
if you have both offers, i am sure you would still pick GS
and yes baml is terrible
Of course you would pick GS.
MS GS/UBS/JPM CS/BAML DB Nomura/Citi Barcap/HSBC/RBS
BEST INVESTMENT BANKS - 2009 http://www.gfmag.com/tools/best-banks/1843-the-best-investment-banks.ht…
ASIA
Best Investment Bank China International Capital Capital Corporation (CICC) Best Equity Bank China Citic Bank Best Debt Bank Citi Best M&A Bank China International Capital Capital Corporation (CICC)
ASIA
China/Hong Kong China International Capital Corporation (CICC)
still..everyone has his own ranking list.
actually I think we are talking about the BB rankings in HK
prestige-wise same as the united states, cept for barclays
gs/ms/jpm/cs db/baml/ubs barclays/nomura
bump
how bout for trading in HK?
What do you all think about a corporate banking role at a BB firm, versus a role at CITIC IBD?
How do you all rank up CITIC against the rest of the BB firms?
Best Groups in BB HK office (Originally Posted: 01/15/2014)
I see lots of threads talking about the best groups in NYC. Just want to start a discussion about your opinions over the best groups in each BB's HK office. Anyone got any insights in this?
Bump
Hong Kong/China Banking - how do the BBs stack up? (Originally Posted: 04/20/2016)
Like the title says, which BB gets the best/most deals in China/HK? Which BB sends the most analysts to PE?
In China, PEs recruit heavily from big4/MC.
http://www.wallstreetoasis.com/forums/best-groups-in-hong-kong-for-buys… ^ similar topic not too long ago.
also, here are some of the deal rankings though it's not directly related to prestige http://fn.dealogic.com/fn/MARank.htm http://graphics.wsj.com/investment-banking-scorecard/
Thanks for the link. I've read the thread.
What doesn't make sense to me is the following: if all the different banks/groups get recruited to buyside, how does buyside recruiting even work then? I'm assuming it still happens through HH, and if that's the case, do HH's just reach out to every single analyst at every single reputable bank? Wouldn't that be wildly inefficient?
Regardless of whether the name of your bank actually makes a significant difference, it has to be the case that some banks send more analysts to PE than others, right?
Would appreciate any input!
interesting thread. bumping.
bump
anyone else?
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