Investment Banking Groups
Product groups
• Product groups specialize in a specific
product
• Products can include equity shares,
convertible notes, high yield bonds,
investment grade bonds, loan syndications,
M&A advisory
• Common product groups include:
• Leveraged Finance (“Lev Fin”) – high-
yield bonds
• Debt Capital Markets (“DCM”) –
investment grade bonds
• Equity Capital Markets (“ECM”) –
equity shares
• Syndicate – syndicated bank loans
• Risk Management
• Mergers & Acquisitions (“M&A”)
• Restructuring
Industry groups
• Groups that cover a specific industry
• Determine the financial needs of a
company and match those needs with the
products that the bank can offer them
• Common industry groups include:
• Industrials
• Sponsors – e.g. hedge funds, private
equity firms
• Financial Institutions
• Technology, Media &
Telecommunication (“TMT”)
• Real Estate
• Consumer / Retail
• Healthcare
• Energy