Rank BB FIG Groups

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....

30 Comments
 

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?

 
SweetLu

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.

 

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.

 

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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