What’s the deal with Greenhill?
How has the Mizuho deal worked out? Does Greenhill even exist in any real manner. The website seems to have redirected to Mizuho.
How has the Mizuho deal worked out? Does Greenhill even exist in any real manner. The website seems to have redirected to Mizuho.
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Wondering the same…
i believe bankers operating under mizuho have rebranded to “greenhill” bankers
Nah at least publicly the Greenhill people still call themselves Greenhill & Co. or Mizuho greenhill whereas the Mizuho people just refer to themselves as Mizuho
They’re rapidly expanding their platform with commensurate investment and several senior hires. Their publicly disclosed ambition is to be a top 10 adviser globally. Mizuho seems to have stabilised the platform and provided capital for growth. I’m hearing comp is up as well.
Source: I know a few people at GHL
Interesting, I also saw actual Mizuho jobs out recently, for Frankfurt, Germany. Which I didnt really see in a long time.
And they also acquired Augusta & Co last year. They’re actively investing in then platform. It’s too early to tell whether or not it would be successful but it doesn’t seem like a bad place to spend a few years as a junior.
bump
Assuming you’re interested in M&A specifically. Both Greenhill & Mizuho originate deals.
If originated by Mizuho (rarer but likely a larger deal) they will pull in support from Greenhill and cross-staff with the relevant Mizuho industry group.
If originated by Greenhill, execution mostly stays with just Greenhill team.
Greenhill juniors were exploring other product areas at one point however that doesn’t seem to be the case anymore.
A few senior Greenhill departures but the team is mostly still there. Greenhill / Mizuho also run separate recruiting processes. The Greenhill seniors like the new structure since it gives them new revenue opportunities.
As for if it’s working, 100%. You have a bank with full support from head management wanting to make a name in the US now with additional branding and M&A credibility. It was a much better transaction then a TD / Cowen or a SMFG / Jefferies deal would be.
Mizuho is chasing agressive targets now right? I remember reading they want to be a top 10 advisor globally?
How does comp differ between Greenhill and Mizuho?
Greenhill is paid out of a different bonus pool than the larger Mizuho group
I had a call with them recently. Their Mizuho LevFin guys reached out to talk to their Greenhill guys and see if they can help o M&A. They were distinctly called Greenhill (not Mizuho or some hybrid). I think one of them also had a Greenhill teams background
The answer is somewhere in the middle.
The branding is now Mizuho | Greenhill within the U.S. with VPs and above from the legacy Greenhill side and all of Mizuho sitting within coverage or products groups. The former Greenhill analyst / associate pool is now branded at the Mergers & Acquisitions group, with two MDs allocated to the m&a group.
Practically speaking junior bankers from the GHL side are still generalists and work across industries on advisory transactions. Greenhill bankers (VP and above) tend to focus on advisory work and Mizuho bankers on capital markets - the business cards say it best - securities offered via Mizuho, financial advisory offered by Greenhill.
Hiring has been slower than I would have anticipated post merger, but most of the useless MDs (outside of TMT which has a disproportionate amount of deadweight) have been churned.
The platform has real momentum in sectors where Mizuho can put balance sheet to work with midstream and transportation infrastructure having each announced several marquee deals.
Bump
How does comp look for the Greenhill analysts?
Decent comp, in line with EBs and slightly above the BBs
So roughly $200k range for AN1s?
Great exits from what I've heard for analysts leaving. Besides deal size/flow, in line with EB on comp and exits. Also, good culture.
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