Investment Banking Country Coverage?

Monkeys,

I have a question regarding BB's country coverage teams in Asia (specifically SEA - let's say Malaysia/Indonesia for example). I understand that country coverage teams serve different products (M&A, LevFin, DCM, ECM) to companies operating in that specific country. But is the execution work done in that country or is it given to teams in SG/HK for example? (the actual modeling, etc) because these teams are relatively small and I'm unsure if they have the capacity or manpower to execute many deals. Any guidance and help would be greatly appreciated.

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It really depends on the bank... depending on how you define "execution work" but: - Modelling will be done mostly out of HK/SG as that's where the industry teams sit - The satellite offices will be involved throughout the execution process, but more often than not the industry teams will hold the pen on bulk of the materials that you prepare (e.g. CIMs, APs, etc.)

In the country coverage teams, you end up spending a lot of time preparing things that you may consider "boring" (teasers and random ad-hoc materials for your seniors to send to clients) but the upside is that you have good chance of joining client meetings early on and just listening in to the conversations that take place is a good learning experience

 

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