Was wondering if anyone had insight into Truist and how their CIB is structured as a whole and then w/ particular offices. Seems a bit confusing, especially since I've head a lot of movement around the merger integration.
I interned there, and since then, a good number of people in my group are no longer with the firm. There was quite a bit of movement while I was there, and following the completion of my internship. Some groups are definitely stronger and more prioritized than others.
Can confirm LevFin and the Credit Delivery group has a lot of turnover. LevFin jump to other banks it seems, credit delivery all leaves to PC or moves internally it looks like
They are dividing their groups across different areas uniformly. PU&I is being put into NYC and so is FIG. Most productions groups are in Atlanta. Of course there’s a split between offices, but definetly a focus on Atlanta and New York compared to Charlotte now
Can confirm most of this, basically you can be in NYC or ATL fairly easily. You’ll see most job postings be either one of those two + Charlotte or Houston depending on group
They work with corporate banking. They got reorganized and now under wholesale lending. Base pay in line with IBCM. They underwrite and execute credit financings (RCFs, TL, Bridges, etc etc). You model and create the whole credit memo, no screening work typically. Look up the old thread about it on here, has some good general info
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Broad question, what you specifically trying to know? What groups you curious about?
I interned there, and since then, a good number of people in my group are no longer with the firm. There was quite a bit of movement while I was there, and following the completion of my internship. Some groups are definitely stronger and more prioritized than others.
Can confirm LevFin and the Credit Delivery group has a lot of turnover. LevFin jump to other banks it seems, credit delivery all leaves to PC or moves internally it looks like
Are they moving away from Atlanta? All of the job postings I’ve seen recently have been in nyc.
They are dividing their groups across different areas uniformly. PU&I is being put into NYC and so is FIG. Most productions groups are in Atlanta. Of course there’s a split between offices, but definetly a focus on Atlanta and New York compared to Charlotte now
Can you please give more insights into the FIG team?
can you share more about PU&I
Bump
It’s not that confusing. “Investment Banking & Capital Markets” is separate from corporate banking.
IBCM has Coverage, ECM, DCM, LevFin, Financial Sponsors, Public Finance, Project Finance, Asset Securitization.
Coverage = M&A and equity capital raising, split up by industry. Coverage groups are the following, in rough order of productivity.
Healthcare (NYC, ATL)
Industrials & Services (NYC, ATL)
Energy & Power (NYC, HOU)
Financial Institutions (NYC)
Consumer & Retail (NYC, ATL)
Technology Media Telecom (NYC, ATL)
I think every coverage group has presence in NYC now, with a lot being majority NYC. Capital markets is majority NYC.
Can confirm most of this, basically you can be in NYC or ATL fairly easily. You’ll see most job postings be either one of those two + Charlotte or Houston depending on group
Most of the postings recently have been nyc. Are you saying you think they’d be open to atlanta as well?
Yeah this is pretty much accurate
Can you share more about PU&I Group
Does anyone have any light on credit delivery. Is it better than corporate banking?
They work with corporate banking. They got reorganized and now under wholesale lending. Base pay in line with IBCM. They underwrite and execute credit financings (RCFs, TL, Bridges, etc etc). You model and create the whole credit memo, no screening work typically. Look up the old thread about it on here, has some good general info
Anyone have idea on credit delivery comp and exit ops?
100k base, most exits are Private Credit, DCM/LevFin, or CB.
Would say 50% leave to MM/LMM PC
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Non mollitia quae rerum minus. Aut aut fugiat nesciunt dolor qui ut et. Dolores itaque harum culpa consequatur. Aut sequi consequatur et optio fugiat.
Dolor laboriosam adipisci illum. Ipsa et in impedit voluptatum debitis porro. Voluptates itaque animi harum soluta. Ullam sequi eos rerum fugit numquam. Voluptatibus cum temporibus totam repellat blanditiis magni rerum. Quasi eum explicabo suscipit ipsa.
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