hi all, got lucky and managed to get somehow land an internship through memorizing technicals and am incoming SA at one of the banks (not jpm/gs). i was wondering if anyone had insight into the ibd scene in singapore in terms of deal flow / culture / sweatiest? not really sure how it is as i do not have many friends in the industry.
thank you for your insight!
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Based on the most helpful WSO content, here's what you need to know about the Investment Banking (IBD) scene in Singapore:
Deal Flow:
Culture:
Sweatiest Banks:
Preference for Local Talent:
For more detailed insights, you can explore the full discussion on WSO here: https://www.wallstreetoasis.com/forum/investment-banking/qa-investment-…</a">Q&A: Investment Banking in Singapore.
Sources: Q&A: Investment Banking in Singapore, Non US/Europe IB/PE Overview, Q&A: Investment Banking in Singapore, Investment banking culture in BBs/EBs in Singapore, Q&A: Megafund Asia Private Equity
Top 3 used to be CS, JPM, MS. After CS went kapoot, their MDs split 3 ways to DB, Jefferies and UBS. So top 3 are now JPM (50 pax?), MS (40 pax?) and UBS (60 pax?). In terms of M&A, DB (30 pax?) and Jefferies (40 pax?) are doing very well too.
GS only has 1-2 MDs post-1MDB and most of their deals are inbound from other countries - team is about 20 pax? But they do quite high profile deals. BofA runs lean too - they do few deals but pretty large ones (e.g. Fullerton Healthcare) and have around 30 pax. Citi is strong at real estate but very sweaty - recent deals include Panin sellside and an Indo telco deal. Barclays doesn't do much but currently working on Shell sellside.
Fastest growing are definitely DB and Jefferies. Both had only 10 pax before the CS MDs joined but are now 3-4x the size in 1.5 years.
Sweatiest shops probably MS, Citi, BofA and UBS? Things change up quite often, so hard to say. A boutique which punches above its weight is Rippledot - they worked on Island Hospital and are now on Goodpack, Healthway, etc..
Thank you for your insight, I was wondering if standard chartered and nomura as well have a good standing in SG (maybe SEA too?), as i heard their An1 comp is around market. On UBS, they are still a top 3(?) bank even though they have a negative perception from US/EMEA?
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