Reputation of Natixis in London/Europe

Hi guys,

I have recently received a job offer at Natixis with one of their coverage teams in London. There seems to be very limited info on this french bank on the internet but I am just wondering what their reputation is like in London/Europe?

I have spoken to some French friends and they told me Natixis is probably the second best when it comes to IBD/advisory after BNP Paribas whereas SocGen is better at the Markets side and is not as good in IBD/advisory..

Is there anyone who is based in London/Europe here who can confirm this? Any info on this bank would be very appreciated!

Thanks!

 
Best Response

Have seen them on deals but most of the time with a French angle (asset, owner or buyer) and not particularly large. I would say they are mid-market focused but are in a league with firms like Harris Williams, DC Advisory, etc. and below Lazard and Rothschild or other elite boutiques. I haven't seen them on a lot of equity capital markets transactions but could be wrong on this.

 

Have you any other offers you'd prefer? no? take it. yes? provide options.

"After you work on Wall Street it’s a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side.” - David Tepper
 

They used to have a JV with Lazard in ECM in France; providing sales capabilities and syndication which Lazard couldnt. Dont know if they are still together today.

Natixis is the IB side of BPCE, the 2nd largest universal bank in France in terms of assets. They are decent overall in France but for IBD they are behind BNP, SG and Credit Agricole on most businesses.

Thanks to their balance sheet, they are probably more on the lending side than advisory but it is still a well known brand across Europe. Be careful however because coverage within French banks is mostly commercial coverage and not industry coverage as per GS/MS etc. ==> not IBD job but more a relationship position with key accounts/big firms.

 

Thanks for the info!

I am just wondering if the fact that they are more on the lending side would translate into them being better at businesses such as Leveraged Finance?

The reason I asked this is because when I did a search on linkedin, the majority of the staff seem to be either in the markets side or in acquisition/leveraged finance...

Also as I am doing a long-term internship (>6 months) there, will the experience I get there open up more opportunities for me in the industry?

 

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