Loan/High Yield vs M&A

At most banks does Loan & High Yield Markets fall under their LevFin Group or Capital Markets?

Would there be any reason to join the High Yield group instead of M&A (at RBS or Wells Fargo)? I heard RBS is fairly established within debt origination but their M&A is well behind the curve. Thoughts?

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Best Response

LevFin is somewhat connected to DCM at many shops. By enlarge though, LevFin is much more complex and transactional that DCM and that's why it's a strong group with good exit opps. As for LevFin or M&A at those banks, I'd say people need to base their preference on their interests rather than always trying to systematically strategize every damn move, such as group placement.

 

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