Role of Syndicate in Leveraged Finance
Hi, can anyone explain the role of the Syndicate team in LevFin? Is it somewhere between IB and S&T? Thanks!!
Trending Content - Investment Banking Forum
Career Resources
It is somewhere in-between. They don't do too much talking with clients, but they do a lot of talking with S&T. Their job is to be super savvy on the latest developments in the PRIMARY issue market. This is the market where new issues get sold. S&T is dealing with already issued securities (for the most part, they do also help sell new issuances, but they are on the other side of the wall). They also help with syndications of bank loans.
You can talk with syndicate about a new issuance about to go to market, but you can only talk specifics with S&T once the deal has been announced, if that makes sense.
Many thanks! I'm trying to figure out if that is something I would enjoy doing. I'm interested in markets and I don't like to deal with anything accounting related or very granular transaction work such as M&A for example..
I work at a BB with a top 4 (by originations) levfin team and our levfin syndicate desk has one analyst...not exactly many openings.
Deserunt nulla eligendi officiis magni excepturi recusandae. Nobis et reprehenderit eum hic incidunt soluta. Reprehenderit eos est qui voluptatem. Fugit quas ea necessitatibus in est dolorem dolores aut. Ea nemo cumque nostrum adipisci et.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...