Which Canadian banks in Toronto have sponsor coverage teams? I'm not talking about sponsor lending/ sponsor finance, but an actual Investment Banking sponsor team. I know that TD has one, as does RBC, and Scotia has one that it combines with infra. Any other Canadian banks in this space?
Also interested in WLB and type of work in these groups, as I'm curious about sponsors coverage as a career.
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Based on the most helpful WSO content, TD, RBC, and Scotiabank are noted to have sponsor coverage teams in Canada. Specifically:
As for other Canadian banks, there isn't specific mention of additional sponsor coverage teams in the WSO dataset. If you're exploring this as a career, sponsor coverage typically involves working closely with private equity firms, focusing on deal origination and execution. Work-life balance (WLB) can vary significantly depending on the bank and team culture, but sponsor coverage roles often involve long hours due to the high-pressure nature of the work.
If you're looking for more detailed insights, it might be worth networking with professionals in these teams or exploring further discussions on WSO.
Sources: Walk me through the Canadian IB sector, How good are Scotiabank, CIBC and RBC Mining Groups in Toronto?, WHICH BANKS ARE STILL SPONSORING INTERNATIONAL STUDENTS? (Canadians?), Banks that sponsor TN visa (Canadians only), IB in Los Angeles - banks, groups, culture?
Scotia and BMO have sponsor coverage teams, but they’re considered commercial banking; not Investment banking.
Source: My director was a former sponsor coverage director at BMO
Any ideas on the pay for those teams? Think CIBC also has a LevFin team under commercial banking
Scotia also has an Investment Banking Sponsors team in Canada-know this for a 100% fact
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