JPM M&A ending/over??
FT, BBG reporting JP is folding M&A product group into coverage and Anu Aiyengar is out as global head of M&A....
so basically if you're an analyst in JPM M&A right now, are you about to become a coverage analyst? How would this affect HH/PE firm perception of the "group" for exits now ...
anyone at the bank have color on what this looks like.
bump
anyone got insight on what this means for incoming sa's?
Their are basically cooked, adjusting logos in pptx will never be the same as before
bump
Bump
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I heard something similar
rip m&a was overstaffed at junior level with good hours and exits
End of an era. Have heard it was arguably the most fun bullpen in recent years with amazing WLB + exits.
Conspiracy theory but what if Jamie didn’t like all the exits coming out of M&A to PE so he said time for yall to become coverage bankers and stay A2A lol.
If you are folding M&A product into coverage (both US and EMEA I am assuming) then what happens, M&A product guys just get randomly allotted into new coverage teams like the draft lmao
Obviously depends on coverage team’s headcount / hiring growth expectations, but I suspect that they get folded into the coverage team of the industry that they worked on the most; not uncommon to see even 1st year M&A analysts be the unofficial “specialists” for certain industries where they see their most M&A deal staffings (at least that’s how it works in my bank)
Either that or they just get fired lol
Anu Aiyengar became the Chairman of Global Banking and M&A, and Charles Bouckaert (ex- GS banker) became the Head of M&A. My take is that this particular change is specifically about how sector-level leadership is structured, not necessarily the elimination of M&A as a practice or business line.
Yes this is what will happen
I havent heard anything about m&a as a product group getting folded
bump
JPM bankers ready to fire those Balkan canons at clients. Fish heads watch out
so what's happening to the folks in M&A? going to coverage teams?
heard its group placement and there's heavy/disproportionate rush for the top groups
I think you’re unable to read properly lmao
Bump
How will this affect bucketing / ranking at year end? Will M&A be ranked amongst coverage?
Yes, all combined with analysts getting staffed to more of M&A workstreams vs Coverage workstreams while both sitting under the coverage group
not all M&A teams are gone
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