UBS UK coverage team

Question

Hi monkeys - may have smth coming up with UBS UK coverage team.

I understand the team does both Broking / ECM and M&A. However, heard conflicting things - ie how much execution Vs pitching they do as I’m sure their TMT team , for example, would not want to share Vodafone mandates..

Anybody can shed some light on this?

b43b6b7b82b87 · Accepted Answer

Do you work in that team?

I want to understand whether the UK coverage team at UBS functions more like a corporate banking / ECM team - i.e. doing client coverage and little executions of M&A / IPOs (from the advisory / M&A perspective)?

We have country coverage teams at my bank but they are based in continental Europe where we don't have a lot of industry coverage teams. So a German team , for example, would be involved in anything that is done in Germany and, often, do a lot of the execution work (no industry coverage teams in Germany).

TripleA_Rated · Answer

I have friends there. They do a bit of everything: ECM, Broking, M&A but not much DCM. A lot of UK mandates are shared between the industry coverage team and UK coverage, i.e. both teams will do some work on it and essentially split the work. Some deals, however, are 90% dealt with by UK and the industry teams do less (this usually depends on what MD has the relationship). Hope this helps.

paydownmonkey · Answer

From my perspective (and in line with what has already been said): it depends. UK teams can be fairly heavily M&A focused, but also do some ECM work (they aren't really involved in DCM) - and mostly they will either work in conjunction with industry coverage teams / the M&A team to execute.

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UBS UK coverage team

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UBS UK coverage team

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