Investment Banking in Poland: deals, prestige hours, lifestyle etc.
Recently noticed an increasing interest in the Polish Investment Banking scene, with firms like GS, MS, JPM and Rothschild having their offices in Warsaw. Is there anybody in here who could perhaps say a few words about the types of deals done on the Polish scene, office atmosphere across the firms, recruitment process and lifestyle in general? How does thta compare to, for instance, London?
Thanks in advance
it doesn't compare to London.
Care to elaborate more? Honestly I have no clue about financial markets in Poland, to be honest I wouldnt even expect so many banks to be there
Most deals will be run by accounting firms and boutique banks, anything bigger will probably go to London.
IB in Poland. I picture street thugs in kappa pants
With the exception of RTH I think the rest have back office only in Poland.
Rothschild is the only company that has a sizable team in place and does executions from Warsaw. The other banks (there's GS, MS, JP, UBS, I think there's also Jefferies) have mostly relational people (and 1-2-3 junior staff), and execution is done in London or other offices.
Dunno why but I'm expecting hookers to be making regular appearances in polish or Ukrainian IB scene. Would be disappointed if not
More common than you think. Women are treated like cattle in Eastern Europe.
LMAO that´s where my BO at, not my deal flow
PwC M&A is the only legit shop there. London money in LCOL area, you mad?
So how does it work if there is only a BO in the country? They just do the analysis but no actual deals?
They pulled a lot of Middle and Back office from London and sometimes from India. Basically people who don't need to sit in HCOL running the bank processes. It's stuff like product control, accounting, trade settlement/processing/support, AML/KYC etc.
Clear, thank you, really appreciate the answer!
'BO' = Back Office = Accounting, compliance, KYC stuff
Boyzzz we've got a serious internationa; sell side professional in here lol
You have FAS or something?
How's the +30-35 talent?
Ib scene is very small. As someone mentioned: rotschild, santander (infra team), jp morgan (its like 2 people xD), morgan stanley, pko (polish bank).
You also have pwc team which is the largest and is run in a similar fashion to IB, including the compensation.
Deals are only in CEE, but most of the time you have exposure to international buyers (strategic and financial)
Do ib in Poland have wok?
Can confirm that we have woks now
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