Internal lateral from coverage to M&A (focused on coverage)

Currently ASO2 in a coverage group

Recently did really well on sellside and the M&A team director I worked with casually mentioned they are looking for a VP1 and said I could be a fit. For context this is an industry-adjacent M&A team so they do a lot of work with my current coverage group.

She would vouch for me with the M&A MDs (who all like me). I've enjoyed the M&A deals I've worked on as well, and the title jump / early promo would be cool as well. 

A few concerns: I joined my current coverage group a little less than a year ago, so I would be leaving pretty quickly (even if joining the adjacent M&A team). And I see some downside risk here if I express interest and things don't end up working out. 

Any thoughts would be helpful -- if anyone senior would be willing to connect off the site / give some mentorship and advice in this situation I would really really appreciate it! 

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