Interested in FIG IB and wanted to get an idea of how the competition stacks up among BBs (other than GS and JPM) in this space. Would really appreciate getting your feedback....
Stop asking to rank shit you pussy. Get an offer and we'll talk. You're worthless for asking this because you are "interested."
A little harsh, but I completely agree. If you are weighing actual offers, I'd be happy to discuss in a PM. Otherwise, I don't really see any benefit in these discussing.
ill go ahead and assume most people are not aware of this, but UBS' fig group is extremely active. one of the few biggest industry coverage groups in the bank, if not the biggest
Agree with the above, JPM fig is top notch (particularly in the banks space). As is GS (do really well in the Insurance space I believe).
Heard good things about MS and UBS fig as well.
Chatter on the Street is that Citi has faced very high attrition, especially among junior to mid ranks in the last several months. Similar to their healthcare group, but worse
i'm in buyside (PE team that focuses on FIG within an insurance company) in Asia. Worked with a few IB on some deals in the region, but what I say here only refers to Asia, don't know much about other regions. As other monkeys have pointed out, GSFIG is the def. best in the region, esp. in insurance space. They usually got large interesting deals, e.g. sale of ING Life in Asia in 2012 and sale of RSA this year. JPM FIG is good as well and they got more bank deals, e.g. sale of Woori Bank in Korea, they were one of the sell side advisors, together with GS, for ING as well. MS FIG is not as active as these 2 in the region, though they have been very active pitching. So, i've heard MS FIG analysts complaining quite often about making all those pitchbooks but without closing any deal. But MS FIG did get some mandates for Chinese outbound investments, e.g. they advised Fosun on acquiring a Portuguese insurer. UBS FIG is more active than MS FIG, I personally think, and has done a few capital markets deals in the industry.
But if you ask me to pick the best FIG insurance team in the region, it's actually the advisory team in Willis, a global insurance broker. The team's insurance expertise is definitely way better than any of these banks'. Guess it's a pretty small team, the M&A advisory team in Willis actually advises insurers on issuance of ILS, solvency solution, etc. Not a bad place to start given the technical knowledge you can gain as an analyst and guess it's less competitive to get in than BB FIG.
BBFIG Groups -- Fintech and Analyst Roles (Originally Posted: 11/23/2014)
Hi everyone, wondering if anyone can shed any light on BB FIG groups. There are two things I'm curious about:
1) What banks have strong Fintech verticals within FIG (does this correlate with strong TMT groups?)
2) If you know anything about the analyst roles in the FIG group -- is it only a generalist position, or generalist but you get to concentrate on specific verticals, or transition to vertical of your choice after a year, etc.
Thanks, and any related info on the FIG groups is welcome.
Lot of FIG questions lately...from my understanding, some banks run their fintech through their TMT group. There's a few that run it through FIG, but I'd just be guessing so I'll leave it to someone in FIG to answer with specific banks.
Thanks Smokey. The few banks I've talked to have it in their FIG group (and work with the TMT group on the transactions as well), so that's interesting that some others just have it in their TMT group.
I am interested in Fintech IB as well. How is the deal flow for fintech in IB? From what I understand most of the deals are small enough and early stage at VC level. Do the Associates in these groups work exclusively on Fintech deals or work on other FIG and TMT deals too? Thanks in advance!
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Stop asking to rank shit you pussy. Get an offer and we'll talk. You're worthless for asking this because you are "interested."
nvm
PM me.
-
Let's just say that my interest in this topic is for reasons that are more than cursory. Is anyone willing to help? or y'all just gonna be difficult?
Hey SweetLu, this is America, and we speak American.. Cut that shit out.
JPM FIG is pretty solid from what I hear. Can add to the above poster that UBS FIG has grown a lot in recent years and has been doing well.
ill go ahead and assume most people are not aware of this, but UBS' fig group is extremely active. one of the few biggest industry coverage groups in the bank, if not the biggest
I appreciate your sane and helpful response. Can you speak to any of the other banks?
Goldman FIG cannot be beat.
Agree with the above, JPM fig is top notch (particularly in the banks space). As is GS (do really well in the Insurance space I believe). Heard good things about MS and UBS fig as well.
Where do Citi, BAML, and DB figure in all this?
Bump
SweetLu. You are annoying. Stop bumping this. Like I said, if you are weighing offers. Feel free to PM me. If not, there is no point in ranking.
SweetLu. You are annoying. Stop bumping this. Like I said, if you are weighing offers. Feel free to PM me. If not, there is no point in ranking.
I would dude. But, I don't have enough bananas to do that. Can you initiate? Apologies....
Barclays also has a pretty solid FIG practice. Hope this helps. Not sure about BAML, Citi & DB.
Chatter on the Street is that Citi has faced very high attrition, especially among junior to mid ranks in the last several months. Similar to their healthcare group, but worse
KBW
Like your name suggest, I am calling you stupid.
i'm in buyside (PE team that focuses on FIG within an insurance company) in Asia. Worked with a few IB on some deals in the region, but what I say here only refers to Asia, don't know much about other regions. As other monkeys have pointed out, GS FIG is the def. best in the region, esp. in insurance space. They usually got large interesting deals, e.g. sale of ING Life in Asia in 2012 and sale of RSA this year. JPM FIG is good as well and they got more bank deals, e.g. sale of Woori Bank in Korea, they were one of the sell side advisors, together with GS, for ING as well. MS FIG is not as active as these 2 in the region, though they have been very active pitching. So, i've heard MS FIG analysts complaining quite often about making all those pitchbooks but without closing any deal. But MS FIG did get some mandates for Chinese outbound investments, e.g. they advised Fosun on acquiring a Portuguese insurer. UBS FIG is more active than MS FIG, I personally think, and has done a few capital markets deals in the industry.
But if you ask me to pick the best FIG insurance team in the region, it's actually the advisory team in Willis, a global insurance broker. The team's insurance expertise is definitely way better than any of these banks'. Guess it's a pretty small team, the M&A advisory team in Willis actually advises insurers on issuance of ILS, solvency solution, etc. Not a bad place to start given the technical knowledge you can gain as an analyst and guess it's less competitive to get in than BB FIG.
BB FIG Groups -- Fintech and Analyst Roles (Originally Posted: 11/23/2014)
Hi everyone, wondering if anyone can shed any light on BB FIG groups. There are two things I'm curious about:
1) What banks have strong Fintech verticals within FIG (does this correlate with strong TMT groups?)
2) If you know anything about the analyst roles in the FIG group -- is it only a generalist position, or generalist but you get to concentrate on specific verticals, or transition to vertical of your choice after a year, etc.
Thanks, and any related info on the FIG groups is welcome.
Lot of FIG questions lately...from my understanding, some banks run their fintech through their TMT group. There's a few that run it through FIG, but I'd just be guessing so I'll leave it to someone in FIG to answer with specific banks.
Thanks Smokey. The few banks I've talked to have it in their FIG group (and work with the TMT group on the transactions as well), so that's interesting that some others just have it in their TMT group.
All across BBs, it's more of a joint coverage between TMT and FIG, i.e. whichever MD has the relationship will claim credits.
That being said, here is my understanding across banks:
MS - Tech JPM/CS - TMT BAML - FIG
GS - I've heard a mixture Citi - FIG primarily
Citi FIG has its own Fintech vertical which also encompasses asset managers, exchanges, any EBITDA driven company within the FIG space.
I am interested in Fintech IB as well. How is the deal flow for fintech in IB? From what I understand most of the deals are small enough and early stage at VC level. Do the Associates in these groups work exclusively on Fintech deals or work on other FIG and TMT deals too? Thanks in advance!
Quod maiores excepturi eum omnis et. Vel rerum nobis culpa quibusdam voluptas vel. Saepe et rerum veritatis.
Eligendi hic deserunt cumque distinctio. Sed velit non ipsam doloribus in eos. Vel dolores modi aspernatur quos laboriosam quia. Quasi vel molestiae modi.
Dignissimos ut velit saepe quia omnis. Delectus atque dolor culpa consequatur deserunt eaque. Itaque voluptas eius quis ut velit quisquam rerum nobis. Aperiam dolorem aut sequi. Eos velit quidem in ut omnis enim ut.
Est repellendus earum modi voluptatum dolorem aliquam consectetur. Quia voluptas qui a commodi veritatis.
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Aut perspiciatis autem a expedita maiores dolorum. Inventore dolorem ullam ullam repellendus saepe et. Quam voluptas tempore et fuga aut voluptas quo.
Laborum aut nam esse eos ab. Non repudiandae laudantium aut inventore optio. Nobis non officiis et ducimus dolor. Doloribus officiis commodi facere. Voluptas deserunt omnis debitis qui accusamus et non. Eum exercitationem earum mollitia omnis et qui consequatur. Rerum debitis officia impedit suscipit.