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Comments (19)

  • Prospect in IB - Restr
Jan 17, 2021 - 2:35pm

It's known in the industry that the culture is pretty bad especially around a specific MD in the NPL team, with some folks leaving due to the excessive stress.

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Mar 22, 2021 - 7:32am

There are four teams as far as I'm aware. Distressed, Industry Research (HY), Direct Lending, NPLs. 

NPLs team has a terrible reputation. Top-down issue, crazy MD. But this is the case for most equivalent NPLs teams within credit arms of PE shops. They tend to churn grads - hiring laterally is tough. There are a few examples of high quality exits from this team if you're willing to put up with a couple of years of torment.

The rest of the teams are pretty good culturally.

  • Prospect in IB-M&A
Mar 22, 2021 - 9:13am

Thank you for the answer!

I have heard about the NPLs MD, but how can it be that bad? He has a terrible reputation

Jun 8, 2021 - 7:28pm

Worked few years for him.

Fabio just wants the team to perform at its best and to do so he is very demanding. For sure with him you will touch the best underwriting practice in the industry (that is recognised in the market).

Also with his team he has a very meritocratic approach: work hard, play hard.

  • Prospect in IB-M&A
Mar 23, 2021 - 8:22am

very tedious deals, ie in each portfolio you have thousands of loans, which involve a lot of analysis, so hours are very long, and modeling can be complex.

So the nature of the business makes it prone to long hours etc, but then it seems that maybe seniors tend to be harder than in other divisions.. maybe you need to be though to thrive in that industry haha

ps This is what I have been told, don't have first hand NPL experience, so if anyone can verify it / correct it / add more colour, it'd be great

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