Most Improved Player Award
If you had to give a “Most Improved Player” award to an investment bank over the past 5 years, who’s your pick? Could be based on deal flow, comp, culture, exits, perception—whatever metric. I love a little rise in the rankings story.
You have to give some credit to Wells. People love to clown on them for old scandals, including myself, but the IB side has been putting in the work. They’ve poached senior talent from across the street, been quietly expanding the NY office (fewer hires going to Charlotte), and are now doing much bigger deals. Just in the last 6 months: Worldpay ($24B), Safe Harbor ($5.6B), Summit ($11.5B), Berry ($15B). And like we’ve all heard a thousand times, they broke top 10 in the league tables.
In terms of exits, I’ve got two close friends there—both in strong groups (REGAL & Industrials)—and apparently they’re placing well this year. One’s choosing to stay because comp’s been strong and he hasn’t crossed 85 hrs/week in 3 years. Also flexes that he works out at the Equinox across the street, where apparently Pedro Pascal’s been spotted twice.
When my class was recruiting, we didn't want to touch WF with a 10 ft pole. Now they're a legit shop—not the top—but they're legit and have made a great turnaround in recent years.
How are hours in Industrials
Just accepted an offer with them so expect them to keep climbing the ranks
Jefferies, WF, Solomon—in that order
Jeff needs to increase its average deal size to further cement that spot
UBS folks, listen up
Wells has been on the come up, ugliest logo on the street though.
its logo has the same color scheme as the Chinese flag
Im looking for the opposite of UBS huh
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