Been seeing non stop lateral job posting for scotias energy and power groups in Houston and was wondering why they are always aggressively hiring. Are they trying to expand that office? Are hours super bad and people leave to other banks or PE firms?
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It’s a combination of people lateraling to RBC and MS, and summer analysts not returning
The deal flow is fine but not outstanding. The Power team has worked on several IPP debt financings, while the O&G team advised on notable transactions such as the EOG–Encino and Mubadala–Catarus deals. That said, the overall volume of deal activity remains relatively limited
To add to this, they’ve made a number of VP and above hires and are promoting from within like crazy. The analyst and intern class sizes also grew from 6 to 11 recently too (allegedly). In short, yes, they are trying to grow the team out.
Damn that’s crazy
Shit team like TD with limited deal flow
A while back I had an interview with one of their directors in that office for a lateral spot. It was a phone call. Took the time to walk to my car to take the call. The guy never called me. I went back to work and like an hour later the guy calls me, leaves a message saying that he was in a client call and to call him back now. lol
I ghosted them. Apparently sending a quick email to reschedule was too much for that guy. clown.
The office is way past its former glory.
Both P&U and O&G? I've heard decent things about P&U and mixed opinions on O&G.
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