BMO/RBC M&A Toronto ---> US PE

Hi All,

Hope everyone is keeping happy and safe. I work in a good M&A group in Toronto (RBC,BMO) and am interested in pursuing US PE in New York. I was just wondering if it would be possible to make the transition without making a lateral move to a US IB first? Would a destination like BAM PE, or ONEX be in the cards? Any suggestions or career advice would be much appreciated. 

Thank you 

16 Comments
 
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Saw many people move from Canada office to NYC at RBC. I would recommend moving internally to US first for better exit opps. RBC seems to have a much bigger NY office than BMO so it might be easier to move internally. Still hard but definitely possible if you stay longer than analyst years and perform well

 

5 make it to US buyside from Canada annually and they are usually from the BB banks or CPP rotational with a spattering of RBC M&A and BMO metals & mining mixed in

 

has cpp rotational historically placed well at infra GPs? does going to a target matter in that case?

 

Its sent like ~4 kids to the US over the last couple years but 3 of the 4 were girls so that's DEI bucket. Your best bet if you are non-DEI is to be at GS/MS Toronto

 

What seems to be best bet for Infra PE from Canada, not sure if you know but figured it would be worth a shot. 

 

You will probably have a better chance recruiting for smaller PE firms (2B) that aren’t in NYC. Since you are not the most pedigreed, you may need to go where others don’t want to and compromise on location, size, comp, culture, etc. You could reach out to a few head hunters when you are ready and see if they will put you into processes. Being flexible on start time can also work to your advantage - sometimes firms just need warm bodies asap (which may give you an indication of culture).

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