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.
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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
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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
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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
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