Thoughts on Nomura GII (Greentech, Industrials & Infrastructure)?
I understand that over the last few years, Nomura has merged Greentech into its Energy, Infrastructure and Industrials team (EII), and added the telecoms part initially in the TMT team.
GII seems to be working on renewables, industrials, transport, utilities, telecoms, chemicals, waste management, EV, and more, which at first sight are verticals with different skill-set requirements.
How is the team perceived on the street? Is it seen as a renewables team? What are the typical exits of juniors? Are top BB/EB or UMM/MF PE exits common? Only in energy/infra?
Interested for the US mainly - but also keen to hear about Europe/APAC
Nomura Greentech still operates independently in many ways, so I doubt they are fully integrated. Their core is basically power & utilities coverage of other banks except they don't do conventional power.
Their analyst exits have traditionally been very strong, I don't know how that is this year and last year with overall market down so bad. But there have been many exits to UMM and MF. There are threads about their exits here if you search for it you'll find it. Some people do lateral but not much so because their pay is competitive and you would have to give up good chunk of money if lateral to BBs, say, GS or JPM. Not much upside in pay to EBs either unless to places like Centerview or Qatalyst.
Interesting - I'll check that out, thanks.
Do you think it's possible lateral into generalist / more traditional sectors? I've noticed a few exits into industrials, but I don't know how common that is.
How much do juniors get paid? sounds like an attractive comp package..
Recent exits have been more akin to MM, no longer UMM/MF. When US deal flow was stronger, UMM/MF exits were possible, based on recent exits I think you should expect MM exits realistically speaking. A lot of people leave to BB/EB's to get UMM/MF exits.
US team of GII had an atrocious year. I wondered what their bonuses were.
Yeah the EMEA team had 4x their revenue
Why? I thought USA had bulk of the MDs and employees.
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