How is FIG/Fintech in Asia? (deals worked on, cap markets vs M&A, exit ops etc.)
- at a tier 3 bank doing M&A as an associate
- mandated on some fintech deals, working on some payments which i find interesting, but also doing deals like mining/real estate which i have little/less interest in
- now interviewing with a "strong" Tier 2 BB (CS/UBS/DB/Barclays etc.) in Asia for FIG and Fintech (as open to specialising in payments/fintech etc.) f
- I was advised that it'll probably be a 50/50 split between traditional finance and fintech but that they're getting a lot of interest in fintech. Current work is a lot of cap markets which i have no experience in but they say i'll catch up easily
- not that keen on banks/insurance given the advice online that it'll mostly be regulatory work, pigeonholing etc.
- Wondering if anyone has experience or knows the FIG space in Asia (HK + SG) and if they largely do fintech deals? how are the exit ops for FIG/Fintech guys in Asia? Do most banks have fintech and payments under their FIG teams? league tables etc.? is work mostly cap markets?
Thanks all. will be great to hear from someone actually working in Asia FIG
I don’t know which tier 3 bank you’re at but by and large I’ve seen most FIG groups on the street comprise Fintech as a standalone vertical or co-partner with Tech to coverage. It also has to do with the space of the Fintech. For example, insurtech, albeit a Fintech sub, would be under insurance coverage or tech coverage.
In Asia, however, given the team is much smaller, most groups do not separate out the junior team for that.
Depends on the bank, but most in Asia have both traditional FI + fintech coverage sitting under FIG. It's probably accurate to say 50/50 split between traditional FI and fintech - really depends on the pipeline, but it's getting harder to execute fintech IPOs these days (speaking more for HK). In terms of exit ops, frankly it's harder to exit into buy-side from FIG compared to other groups. I'd recommend networking with other associates/analysts at the firm and get a true sense of what the deal flow/exit ops look like (instead of just listening to the people interviewing you).
Thanks all for the responses.
frankly, the interview process is going alright and they don't seem too worried about my FIG skills (which are sub par to be honest), which actually makes me more nervous about it, like they have been having a lot of turnover and will take anyone who breathes and can read etc.
Doesn't help they're not a JPM/GS/MS (which will be quite a more easy sell)
hi there, i think i know which firm you are interviewing. Can you DM me? i m going to work in that bank
and why would i DM you lol.
Quia dolorem sit qui odio perspiciatis. Ut nihil similique cum eius quae autem possimus illo. Consequatur quaerat consequatur sint soluta ex praesentium assumenda sed. Sint repellat consequatur numquam nam omnis exercitationem pariatur. Qui nihil odit sint eligendi. Autem quam deleniti dicta.
Quia ut iste velit impedit rerum vitae. Similique laborum maiores ea est saepe dolorem quis. Et vitae ut magnam omnis. Fuga labore dolore deserunt officiis ad assumenda architecto. Maiores minus ut quia debitis repudiandae nihil.
Minima non et iusto autem exercitationem consectetur ipsum. Repellendus dolorum atque rem et eos quod. Eligendi repellendus sit rerum et dolor. Qui ducimus quaerat et fuga incidunt expedita itaque alias. Facere minima ut repudiandae voluptatem. Soluta aut tempora nam quisquam facilis.
Aut vel sapiente perspiciatis nemo cupiditate laborum. Magni laborum et maiores molestiae ut. Mollitia pariatur optio odio ea dolorem molestiae. Et distinctio cumque quia eius eaque quos. Ut nihil deserunt minima ex. Numquam ut totam aspernatur aut vero quia et.
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...