I thought it was an independent M&A advisory firm. Why do they have a sales and trading group, ECM advisory group, and a fķińηğ wealth management group coming later this year?
Are they gonna go full bulge soon or something?
| +119 | New Article: Dramatic Slide as UBS #22 (US) & New Leadership Desperately Needed | 23 | 1h |
| +89 | Americas M&A League Table Q2 Updated | 39 | 1h |
| +72 | Wealthy Parents / Jaded | 24 | 3h |
| +55 | How are hours rn for SA (interns) | 30 | 7h |
| +47 | Venezuela Debt Restructuring - LAZ vs CVP | 22 | 14h |
| +42 | A COMPLETE GUIDE TO SUMMER INTERNSHIP RECRUITING | 10 | 3h |
| +37 | Boutique firm wants access to my LinkedIn? | 32 | 3h |
| +31 | Investment Banking in Mexico | 9 | 34m |
| +26 | MM bottom bucket bonus | 9 | 3d |
| +25 | UBS GIG, LevFin, FSG Interns working Sundays and 85 hour weeks their first week? | 14 | 3h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Companies want to grow and water is wet. Like seriously, what'd you think would happen? EVR wants to be a legit competitive bank outside of just a specialized IB player and they are taking great steps to accomplish that. It sucks massively for the analysts at the firm because diluted experience and lower bonuses, but makes a ton of sense for the broader bank to pursue growth in faster growing segments. Advisory is a much worse business model than WM fundamentally given the recurring nature of revenue. Yes EVR will never compete with any of BOFA, UBS, MS, JPM, etc. but they don't need to. If they are even able to accomplish a decent sized WM business, that's a ton of recurring revenue that they have not as tied to the whims and booms/bust cycles of the advisory business.
Btw, the whole WM thing for EVR seems like a pipedream. No real advantage against the big players, and the big players have way more capital to invest. Citi is trying to crack the WM market and is still pretty far away from GS/JPM, let alone competing with BOFA/MS/UBS globally, and Citi is genuine global player with much more capital to invest.
Molestiae ducimus harum officia repellat sequi itaque vero. Dolorem ipsum dolores accusantium hic tempora eaque libero ex. Facilis dolores molestiae id veniam ratione facilis. Deleniti dolorem omnis qui ut. Neque vitae repellat iste exercitationem. Qui dicta accusantium nihil vel id tempora vero.
Ut beatae nisi molestiae et dignissimos. Accusantium voluptatem debitis ut architecto rerum eligendi. Rerum sequi ut autem voluptatem ex.
Fuga eius aut sit aut nam. Qui adipisci libero harum ut eum nam vel. Amet mollitia non amet laudantium aut eum omnis. Ipsa eum voluptates in sed ad eos. Vero eos laudantium est dolores tempora vel.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...