Remove Books Remove Bulge Bracket Remove Equities
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Private Equity in China: The Worst of Both Worlds?

Mergers and Inquisitions

As with investment banking in Hong Kong , I can summarize private equity in China in one sentence: “If you’re not Chinese, don’t even think about it, and even if you are Chinese, it’s best if you have great connections within the CCP and want to stay in China long-term.” is better for domestic funds.

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Portfolio trading is on the up but only some can make it pay

The TRADE

We’ve leveraged a lot of their [equities franchise] work in terms of how they visualise baskets and look at risk and some of these toolsets especially on the systematic market side.” It’s one book and that makes it easy. That’s versus a bank that has an equity department and a fixed income department.

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Investment Banking in Singapore: The Best Gateway to Asia for the Non-Chinese?

Mergers and Inquisitions

The basic difference is that the international bulge bracket banks tend to be stronger in M&A advisory and weaker in equity and debt capital markets. These banks focus on the capital markets, so you should target the bulge brackets if you want to work on M&A deals. you might be at the office until 5 AM.

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Investment Banking in India: Please Avoid It and Try Again in Another Country

Mergers and Inquisitions

based bulge brackets (GS, MS, JPM, Citi, and BofA) are the strongest international banks, and Avendus, Kotak, JM Financial, ICICI, and Axis are the strongest domestic firms. Among the bulge brackets, the U.S.-based based firms (GS, MS, Citi, JPM, and BofA) tend to perform best.

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Trading at the frontier

The TRADE

The active investment manager specialises in emerging and frontier markets trading across fixed income, credit and specialist equities. Given the liquidity landscape can often be more sparse or difficult to navigate, the use of local brokers alongside the bulge brackets is something Willis thinks is essential to minimise market footprint.

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Wealth Management vs. Investment Banking: Career Deathmatch

Mergers and Inquisitions

By contrast, investment banking is more about advising companies on transactions such as M&A deals , equity and debt deals , and restructuring. The first few years are very tough because you start from nothing – but if you build a decent book, the job gets easier since you’ll have consistent revenue from long-term clients.

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The prime brokerage pie is growing, which means bigger slices for everyone

The TRADE

Meanwhile, with regards to equities, revenue deriving from prime brokerage compared to trading shifted from a 30% versus 70% ratio a decade ago, to 40% to 60% in 2023. From our cap intro team, we’re certainly seeing from the allocator community renewed interest in hedge funds.” billion in 2023.

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