Shareholder advisory questions

Hi Monkeys. I recently became aware of shareholder advisory/activism defence as a field, and it seems super interesting. I wanted to see if anyone has any more knowledge of this field — it seems that banks are the primary players, but do all banks have a team for this? How is the comp? Lifestyle? Exit opps? Are the teams typically within IB or Capital Markets groups? Are they separate? A bank-by-bank basis? Who goes into these roles, typically?

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