Seeing some openings pop up at balance sheet banks/BBs (HSBC, BOFA, Standard Chartered, JPM). How are exits? Would a MF/UMM exit be possible from a BB?
HSBC and Standard Chartered exits will be significantly worse than a JPM/BofA for buyside. Could definitely go from HSBC/StanChart to any banking levfin team though as it's the same skillset (just less dealflow and less % of lead left roles) and then recruit from there. Lots of threads on leveraged finance exits otherwise so will let you search.
Have worked at 2 different CIBs so familiar with the roles of these Lev+Acq Finance groups. While some might just be lending (purely sub-MLA roles), most of the larger CIB banks will be LevFin originations and be trying to originate lead roles, albeit obviously with reduced success compared to a JPM/BofA. At JPM/BofA i'm unsure if they have a group called Lev+Acq Financing in their corporate bank that just does lending roles with no structuring input that you're referring to?
Natus eos laudantium dolores ut. Minima alias quia dolorum temporibus laboriosam rerum. Accusamus deleniti repellendus aliquam sunt aliquam. Modi ut delectus maiores aut nemo vel autem.
Consequuntur id est aspernatur accusamus laboriosam cum asperiores. Unde alias eligendi unde quo eum eos blanditiis explicabo. Similique ratione voluptas at aut omnis est sapiente.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
Sorry, you need to login or sign up in order to vote. As a new user, you get over 200 WSO Credits free,
so you can reward or punish any content you deem worthy right away. See you on the other side!
HSBC and Standard Chartered exits will be significantly worse than a JPM/BofA for buyside. Could definitely go from HSBC/StanChart to any banking levfin team though as it's the same skillset (just less dealflow and less % of lead left roles) and then recruit from there. Lots of threads on leveraged finance exits otherwise so will let you search.
no shit sherlock
Was poster not me who grouped them together, I agree it's rather obvious
Leveraged & Acquisition Finance i.e. LBO financing directly off the bank/s BS & LBO advisory.
Not LevFin originations or cap markets.
Have worked at 2 different CIBs so familiar with the roles of these Lev+Acq Finance groups. While some might just be lending (purely sub-MLA roles), most of the larger CIB banks will be LevFin originations and be trying to originate lead roles, albeit obviously with reduced success compared to a JPM/BofA. At JPM/BofA i'm unsure if they have a group called Lev+Acq Financing in their corporate bank that just does lending roles with no structuring input that you're referring to?
Natus eos laudantium dolores ut. Minima alias quia dolorum temporibus laboriosam rerum. Accusamus deleniti repellendus aliquam sunt aliquam. Modi ut delectus maiores aut nemo vel autem.
Consequuntur id est aspernatur accusamus laboriosam cum asperiores. Unde alias eligendi unde quo eum eos blanditiis explicabo. Similique ratione voluptas at aut omnis est sapiente.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...