Boxington Corporate Finance Limited. 3 trillion euros in assets, making it one of the 10 biggest investment banks in Europe. So in this article, I give you a proven investment banking resume template, plus answers to the most common investment banking resume questions we hear, such as: Jul 15, 2023 · M&A Due Diligence: Investment Banking Checklist. Number of For-Profit Companies 511. 1h. Susan Huang, Co-Head of Investment Banking at Morgan Stanley. There are ~10 hours of video content and 5 LBO model tests in the course. 77% is leading among the top banks with total investment banking revenue up more than 25% in the first quarter, compared with the year-ago period, followed by a 15% Mar 26, 2024 · I have handpicked these courses after completing most of them and assessing their quality, brand value and relevance for IB. 16710) As a premier flagship steel sports Rolex model, arguably any iteration of the Rolex GMT Master can be considered an investment piece due to the iconic status the watch holds in Rolex’s lineup and pop culture. Wall Street Prep’s Premium Package. Dawn Fitzpatrick, CIO at Soros Fund Management. The ideal time frame would be about 5 or 6 weeks of prep. In the 2022 report, NYU is particularly strong at Goldman Sachs (31 graduates) and Citigroup (13). $2. In presentations and pitch books, you’ll need to insert shapes, text boxes, and lines when you’re adding and editing slides. Create a Client profile, enter your username or login ID and enter your password too. Barclays Capital. Some investment banks are universal banks, acting as a conglomerate of commercial and investment banking services simultaneously. However, the seller also performs due diligence on the buyer when buyer stock is used as part of the merger consideration. Average Founded Date Apr 20, 1981. Aug 10, 2022 · Women to follow in investment banking. 00%. Mar 6, 2024 · 7 Investment Banking Resume. 4 billion. Number of Founders 623. Average Founded Date Nov 14, 1984. ACC Bank. Number of For-Profit Companies 22. Funds may invest in a variety of debt securities, including but not limited to, bonds, loans, fixed-rate or floating-rate debt securities. Data from Refinitiv shows fees at their highest point since records began in 2000. Following is a list of the largest and best investment banks in the world in terms of revenue and fees. RBC Capital Markets. Learn more about these prestigious banks below. The rise in unrealized losses An investment bank is a financial institution that assists wealthy individuals, corporations, and governments in raising capital by underwriting and/or acting as the client’s agent in the issuance of securities. Sep 27, 2023 · By Editorial Staff. I get a lot of questions about the best investment banking resume/CV template to win interviews and get hired. Percentage of Public Organizations 12%. The bank’s focus on innovation and technology has been instrumental in helping various institutions. Goldman Sachs. Location United States, North America. BTG McInnes Corporate Finance LLP. P. May 3, 2024 · Investment banking refers to financial services concerning large and complex transactions, investment advice, capital raising, risk management, and other financial solutions. 2 (1. 2 NYSE members are also required by NYSE Rules 342 and 351 to conduct and report upon such Mar 11, 2024 · Top 10 U. The investment banking sector in India has experienced substantial growth over the past few decades. Joyce Chang, Managing Director of Global Research at JP Morgan. This is usually because your company is in possession of material non-public info about the company. 6M) Rate. That’s because the seller will now have an interest in the buyer’s business. Bank of Scotland. The first two are largely the work of junior investment bankers (analysts) and the further into your career in investment banking that you progress, the more time you’ll spend on sales and negotiations. An investment bank may also assist companies with mergers and acquisitions and may provide support services in market making and Investment Banking VP Salary + Bonus: Base salaries range from $250K to $300K USD, with total compensation in the $500K to $900K range at large banks (as of 2022). NYU was the top investment banking feeder school every year between 2012 and 2020, according to WSO annual reports. Whether executing an IPO, a debt offering or a leveraged buyout, GCM integrates our expertise in Sales and Trading and in Investment Banking to offer clients seamless advice and These stocks include those in the banking business and capital markets that usually thrive as interest rates rise. Number of Founders 207. On a volume basis, the four best schools for investment banking placement are: University of Pennsylvania. +6. The primary goal of an investment bank is to advise businesses and governments on how to meet their financial challenges Seabury Capital Group. Our first presentation of the data ranks all schools based on total hires. Barclays Bank Ireland. Investment Banking Analyst. Investment banking is a challenging profession. The category was originally tailored for investment bankers who focus primarily on sponsor coverage, but it was expanded Almost all investment banking pitch books use a structure similar to the following: Situation, 0r “Current State”: Your prospective client is looking for growth. Investment banks specialize in large and complex financial transactions, such as May 17, 2021 · General composite rankings. In the U. There will be a list anywhere from 5-50 names depending on how wide the scope is and a description of the corporates or assets as well as their known cash flow and trading multiples 2. Generally, securities will stay on the Restricted List until the securities issuer announces that the material transaction has been completed or has been aborted, or until the bank’s List of the latest finance movies in 2024 and the best finance movies of 2023 and earlier. Number of For-Profit Companies 1,381. Apr 18, 2024 · Investment banking analysts are responsible for researching the pricing of stocks, bonds and other securities. . At the end of these 30 questions, we also have provided you with 14 exclusive bank-specific technical questions (from 7 bulge bracket banks) to kickstart your mock interview training. Jun 21, 2017 · Requirement #2: Answers to common “Fit” Questions (Strengths/weaknesses, leadership, etc. The Patek Philippe Ref. 9. Canadian associate base salaries at the Big 5 are C$100,000 to C$125,000 while bulge brackets will pay close to C$200,000 in base salaries (similar to their U. Credit Suisse: Credit Suisse has stood out at 8th. 5. Apr 24, 2024 · The following section features 30 of the most common IB interview questions, with a detailed sample answer for each of them. Watchlists can be a helpful tool if you are interested in researching or tracking groups of securities. Percentage Acquired 7%. 2 B. Watch 25 Million Pounds to learn the true story of Nick Leeson, a British trader who started his career as a Morgan Stanley clerk and ended up breaking the law as a Investor Type Investment Bank. Apr 5, 2022 · Still, after the last year, investment bank cushions will be well stuffed. Jan 2, 2024 · Overview of Investment Banking in India. Global Capital Markets. Major investment banks include Goldman Investor Type Investment Bank. 1 billion in assets, marking a concerning trend in the financial sector. In 2006-2007 a group of investors bet against the US mortgage market. The role of an investment banker is two-fold, with each function—raising capital in the capital markets (i. Investment bankers begin and manage that process by drafting a prospectus, implementing the sale of the stocks, and pricing them accordingly. Burness Paull & Williamsons. Feb 7, 2012 · The second-largest undercapitalized bank on the preliminary fourth-quarter watch list is First Mariner Bank of Baltimore, which had $1. Jun 10, 2022 · 3. Investment Banking PowerPoint Shortcuts: Inserting and Formatting Shapes. Enjoy complimentary access to top ideas and insights — selected by our editors. 2h. large, top tier) investment bank in New York City, the base salary was raised in 2021 to $100,000 (from $85,000). These insights and best practices reveal how corporations, governments, institutions and other large organizations are financing May 30, 2024 · Investment banking is a specific division of banking related to the creation of capital for other companies, governments and other entities. BofA Global Investment Banking Summer Associate – 2024 – (Hong Kong) – Deadline Dec 25. 59 trillion as of June 30, 2014. Its purpose is to monitor specific assets for opportunities, such as price changes or relevant news, allowing individuals to react swiftly to market developments. Data Provided by LSEG. 0 B. 00 The following guide outlines the typical hierarchy of investment banks. September 27, 2023 8:10 AM. 7 trillion in assets according to Investor Type Investment Bank. Investment Banking Companies. Top finance movies to watch on Netflix, Hulu, Amazon Prime, Disney+ & other Streaming services, out on DVD/Blu-ray or in cinema's right now. Investment banking teams partner with corporate clients to achieve their strategic goals. 48. Percentage of Public Organizations 13%. But remember, you still have to put in the work. BBs and Balance Sheet Banks (in order): Tier 1: GS, MS, JPM Tier 2: Bofa, Barclays, Citi, CS Tier 3: RBC, DB, UBS Tier 4: Wells Fargo (maybe 3 they have solid outlook), Nomura, BMO, etc lol. Morgan Stanley 2024 Investment Banking MBA Associate Program (Sydney) – Deadline Dec 31. Mar 10, 2024 · The 20 Best Investment Watches of 2024 (for your consideration): 1. First, collect a handful of leadership or liquidity components in each major sector. Public companies can initiate an IPO to raise money by selling shares, also known as equity financing, to potential stockholders. 4 days ago · Investment banking is oriented around providing advisory services to companies, institutional firms, and governmental entities. Average Founded Date Sep 16, 1986. Number of For-Profit Companies 151. Wells Fargo. Percentage Acquired 11%. 10. Most investment banks also offer broker-dealer services to help customers—often institutional clients—buy and sell securities, and they Credit Watch List Policies. Apr 30, 2024 · According to Global Banking & Finance Review, here’s a list of Irish investment banks that have made their mark –. May 31, 2022 · Best in Germany: Deutsche Bank. I don’t have specific numbers for MDs and other senior bankers, but bonuses are likely lower because deals tend to be smaller. 8. The survey was sent to professionals at more than 85 of the top investment banking firms in the industry. 2016 1h 38m R. 00 - $105,000. Catherine Bessant, Chief Operations and Technology Officer at Bank of America. Based on the true story of Jordan Belfort, from his rise to a wealthy stock-broker living the high life to his fall involving crime, corruption and the federal government. Location New York, United States, North America. Investment banking data: view deals by region, quarterly trends and the most dominant investment banks by product, region and industry. Corporate Activity Is Poised to Strengthen. The list was compiled by Middle Market Growth editors based on nominations from the ACG dealmaking community. And they boast long histories, household names, high-profile clients, and acclaimed alumni too. Jun 12, 2024 · Wall Street Prep put together this list of the top global bulge bracket investment banks. Seabury Capital Group is a boutique investment bank best known for its coverage of aviation, aerospace, maritime, and defense industry sectors. Banking professionals were asked to rate companies with which they were familiar on a scale of 1 to 10, with 10 being the most prestigious. Rolex GMT Master II (ref. The firm is based in New York City and is known for advising on complex, capital-intensive situations within aviation and general transportation. Feb 29, 2024 · Bank of America Corp. , the top investment banking companies include the Big Four Banks — JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo. Money Monster. May 3, 2008 · A stock on the restricted list is a security that you can’t buy or sell no matter what. Typical work weeks demand far more hours than most jobs, and high-stress and tight deadlines are the norms, not the exception. The school you go to is the #1 factor that influences your chance of getting into investment banking. In their research they discover how flawed and corrupt the market is. 11. We must rise up against the MBBs. Investment banks may also provide related services Director Adam McKay Stars Christian Bale Steve Carell Ryan Gosling. C. Requirement #4: Mastery of the technical side, especially accounting, valuation, and DCF analysis. CB Rank (Hub) 9,833. CB Rank (Hub) 65,568. Naturally, due diligence is primarily done by the buyer to the seller. Although banks continue to trumpet Jul 6, 2024 · The major investment banks provide their clients with the full range of investment banking services, including trading, all types of financing, asset management services, equity research and How to set up and edit a watchlist. With offices across the Americas, Europe, Middle East, Africa, and Asia Pacific, we provide seamless coverage where you need it. These securities could be equity (giving ownership rights to the new holders), debt (where the new owner is responsible for paying back loans), or a hybrid of equities and debts. We list the top investment banks in India and outline how to get a job as analyst or associate. Jan 22, 2024 · Here are five trends to watch as the M&A market picks up again. They may also research industry forecasts and economic trends to help determine the value of a stock. These banks have massive market capitalizations and are the largest in the U. ). Jun 30, 2022 · Gray List: A list of stocks that are ineligible for trade by an investment bank's risk arbitrage division. Alternatively, if you want a watch that doesn't cost the earth but will garner quiet respect, you could try the Seiko SKX007. MBA: The M7 schools, Yale, Stern, Haas, Ross, Tuck, Fuqua, Cornell (Johnson), and possibly a few others in the top ~20. CB Rank (Hub) 22,277. Complication, or “Problem”: The potential client’s growth rate has been slowing down. ”. Moreover, Genghis is among the few stockbrokers that are ISO Certified after getting the coveted ISO 9001:2008 accreditation in February 2010. Location Switzerland, Europe. Anglo Irish Bank. CB Rank (Hub) 37,311. 19k. Examples & Guide for 2024. Investment banking is an advisory-based financial service for institutional investors, corporations, governments, and similar clients. Dec 6, 2023 · BofA Global Investment Banking Off-Cycle Internship – 2024 (Mumbai) – Deadline Jan 14. To succeed, you’ll need strong and proven abilities in all three. You are free to use this image on your Aug 14, 2023 · A watchlist is a curated list of securities selected for potential trading or investment. 25 Million Pounds (1996) . Average Founded Date Feb 8, 1961. Number of Founders 1,268. Your kid has cancer and they are foreclosing on your house - tough luck. Jul 1, 1991 · The SEC Division concluded that firms which conduct investment banking, research or arbitrage activities must maintain some form of watch and restricted lists and conduct reviews of employee and proprietary trading in securities appearing on those lists. Bank of America, National Association. The most important shortcuts are: Alt, 09: Draw Shape. 4. Oct 16, 2023 · Investment banks are the bridge between large enterprises and investors. We would advise you to watch one to two hours of content per week and attempt one LBO model per week. Under this, investment banks help clients in listing securities in Malaysian Stock Exchanges by ensuring compliance with regulatory guidelines for capital management, performing corporate valuations, advising clients in corporate restructuring, and so on. Our country coverage teams work hand-in-hand with our industry coverage bankers and product teams to provide integrated financial solutions and services that reflect local, regional and global market knowledge. Number of Organizations 249. If you're interested in breaking into finance, check out our Private Equity Course and Investment Banking Course, which help thousands of candidates land top jobs every year. If you haven’t seen it, Billions is about a hedge find titan, Bobby Axelrod (played by Damian Lewis), and an up-and-coming U. investment banking analyst hires they have had over the past 15 years. Manage IPOs. May 6, 2024 · Financial modelling. It has a powerful and influential investment banking division. by consolidated assets, each with more than $1. 5470 ticks all the boxes of elements that make a watch collectible right now—ultra-thin Mar 8, 2024 · Canada Investment Banking Salary – Associate Example. Despite these challenges, Bank of America Securities earned our 2023 global award for Best Overall Investment Bank. The history of investment banking in India traces back to when European merchant banks first established trading houses in the region in the 19th century. Feb 10, 2022 · You can build an effective watchlist in three steps. S. History of the Investment Banking Industry: The industry has changed dramatically since John May 9, 2024 · Investment banking is a specific branch within a traditional bank or financial institution dedicated to buying and selling financial investments known as securities. 54,923. Each model will take you between 2-4 hours. learn more. The S&P 500 Index ended the year near record highs not seen since January 2022, corporate balance sheets are strong, financing markets are improving and CEO confidence, which is Jul 21, 2021 · REIT Modeling. Corporate acquisition activity could increase in 2024. Investment banking is a business that facilitates capital markets and the larger financial community. Investor Type Investment Bank. Bank of Montreal. 6. We’ve touched on some of the differences for REITs above, and we even have a crash-course video on REIT valuation. 2024 Global Advisory Long Term Internship- Rothschild (London) Mar 6, 2019 · Finance TV Shows: Billions (Seasons 1 – 3) I reviewed Season 1 of Billions a few years ago, and I’m happy to say that the show has improved a lot since then. National average salary: $110,561 per year Primary duties: Private equity associates are responsible Approximately 2,400 banking professionals filled out Vault's Banking Survey in the fall of 2023. Data as of 26 Jun 2024. Whether it is raising capital for an expansion or buying another company, investment bankers provide innovative and creative financial solutions for all clients’ needs. 5470P-001 1/10th Second Monopusher Chronograph Patek Philippe. However, associate 1, 2 and 3 bonuses may be C$130,000, C$170,000 and C$200,000, respectively. 2. Genghis Capital. Attorney, Chuck Rhoades (Paul Giamatti), who goes Jan 23, 2024 · Investment Banker Salary: Compensation Structure (2024 Update) The investment banking analyst salary is comprised of two parts:. Percentage of Public Organizations 7%. Founded in 1870, Deutsche Bank is a full-service financial institution. 33. Citi. 2 billion in total assets as of Dec. Calder Corporate Advisory Limited. Sep 28, 2022 · If you go by 2022 investment banker compensation numbers and apply this 20 – 30% CAD/USD discount, it’s roughly $110K – $190K USD for Analysts and $225K – $410K USD for Associates. They underwrite the biggest offerings and boast all the resources and Apr 30, 2024 · BlackRock: BlackRock is one of the biggest in the UK, and they took the 7th spot in the list of top investment banks in London. Goldman Sachs, JP Morgan, Bank of America: They’re global, prestigious, diverse, and influential. +220. Attention: The Bank uses persistent cookies to store the list of funds you selected and saved in the Watch List unless you access Fund SuperMart via Hang Seng e-Banking. Percentage Non-Profit 0%. Today, we're excited to release our 2024 Banking 25, a ranking of the best investment banking firms to work for in North America. This ranking orders schools based on the total number of U. , underwriting) and mergers and acquisitions ( M&A )—reflecting a form of matchmaking. Total. e. Almost all investment banking analysts enter the industry as fresh graduates from the best business schools. Nov 30, 2016 · Here are the rough categories: Bulge Bracket Investment Banks (BBs) – JP Morgan, Goldman Sachs, and Morgan Stanley; Bank of America and Citi; Barclays and UBS; Deutsche Bank is questionable. Jul 7, 2024 · The Ideal Investment Banking Resume Template To Land Interviews & Job Offers. The data in the password field should be encrypted so that the hackers cannot find the password. 1. Base Salary → For a first-year analyst at a “bulge bracket” (i. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by underwriting or acting as the client's agent in the issuance of debt or equity securities. Credit Suisse. Generally Master’s in Finance: MIT, Princeton (more of a quant program), UT Austin, UVA, Vanderbilt, WashU, Notre Dame, USC, Claremont-McKenna, and maybe a few others (best to look at employment reports here). Investment bankers connect investors to companies that are raising money by issuing stocks and bonds. Jan 25, 2024 · Best Investment Banks To Work For In 2024. The Wolf of Wall Street. 1 B. Definition of Investment Banking: Investment Banking is a segment of the financial services industry that assists companies, institutions, and governments with raising capital (underwriting) via Initial Public Offerings (IPOs) and executing transactions such as mergers and acquisitions (M&A). 20133hR. (Citi gets on a lot of M&A because they have the largest balance sheet. Others mentioned the Casio G-Shock (ranging between $40 and $190), but those don’t garner respect from old-school senior bankers. The gray list is composed of firms working with the investment bank, often in matters of 2. A stock on the watch list needs approval by a compliance officer probably because Aug 11, 2020 · An Apple Watch is the default accessory for many banking interns. J. In Credit Portfolio Management context, , watch lists are an essential element of the Credit Risk Monitoring framework: Institutions should establish policies and procedures for monitoring credit exposures and borrowers with increased risk, including those identified though the monitoring of EWI – watch list. Despite this, investment banking jobs can be very lucrative and rewarding. Master financial modeling for real estate investment trusts with 6 global case studies based on REIT 3-statement models, valuations, M&A deals, and leveraged buyouts. Total investment banking fees surged 22% to $159. Brunel Capital Limited, Investment Banking Arm. These banks hold a combined total of $82. Because of their size and scope, and their potential to impact Jan 20, 2019 · Investment bankers will list a number of corporates and assets ( toy brands and their associated factories and supply chains) that are attractive to Spin Master. Dec 29, 2022 · Blake Lapthorn Tarlo Lyons. Mar 28, 2016 · Testing the Security of an Investment Banking application. 12. Morgan’s Corporate Finance Advisory outlines the 10 striking facts that will help drive companies’ decision-making. Bank of America Merrill Lynch. With the Indian economy rapidly expanding and international businesses entering the market, investment banks play a crucial role in financing projects, managing mergers and acquisitions, and supporting capital market operations. Investment Banking Analyst Program - Full-Time Y2 - Client Advisory Group Societe Generale New York, United States $105,000. Alt, 8: Draw Rectangle. Deutsche Bank. Investment Banking US League Table July 2024 (FactSet) 54. The last one will take the most While 2020 left us with uncertainty and an uneven recovery, 2021 may be the year for action. Buckingham Corporate Finance Limited. This year's edition of the Most Powerful Women in Banking – the 21st annual list – features Jane Fraser of Citi once again, in her third year on the list and in the #1 spot. 75Metascore. Stephen Greet March 6, 2024. A top target school like the University of Pennsylvania sends 5 to 10x as many people to Goldman Sachs as a semi-target Director Oliver Stone Stars Charlie Sheen Michael Douglas Tamara Tunie. Jun 5, 2024 · Every bank included in this list is on the Financial Stability Board’s 2023 List of Global Systemically Important Banks (G-SIBs). Investment Banking VP Hours: Average hours at this level are around 55-70 per week, mostly because the work shifts to project management rather than last-minute presentations and Feb 18, 2023 · In 2023, Deutsche Bank continues to be a leading investment banking company in India, leveraging its global expertise and local knowledge to provide clients with customized financial solutions. Hypothesis, or “Solution”: Acquiring a growing company can meet the potential client Learn about investment banking in India. According to their website, BlackRock had assets under management (AUM) of US$4. Bank of Ireland. In all, the year’s sustained robust IB market proved a largely unanticipated boon amid the global chaos. Top Investor Types Investment Bank , Private Equity Firm , Corporate Venture Capital , Venture Capital Jul 19, 2023 · Key Takeaways: Roles of investment banks include the underwriting of new stock issues, handling mergers and acquisitions, and acting as a financial advisor. The big names get all the attention. Most investment banks have a two-year program, after which the analyst rises to the associate rank. However, particularly in the 16710 Our global Investment Banking business is built on a culture of enduring partnerships and a commitment to delivering exceptional execution and unmatched client service. In-Between-a-Banks (IBABs) – Wells Fargo, RBC, and many European, Asian, and Canadian banks, such as HSBC, BNP Paribas, Mizuho, Nomura, BMO, and CITIC. Number of Founders 12. The ranking is based on a survey of more than 2,400 banking professionals who were asked to rate their firms in several workplace categories, including compensation, culture, diversity, hours, training, work/life Feb 29, 2024 · Back Office: While the sexier functions like M&A advisory are “front office,” other functions like risk management, financial control, corporate treasury, corporate strategy, compliance, operations, and technology are critical back-office functions. Capabilities in Investment Banking. 31, and is a subsidiary of Aug 2, 2022 · Patek Philippe Ref. 55 Metascore. Apr 3, 2023 · As the sector endured the economic ramifications, ongoing geopolitical tension and declines in global equity markets, investment banking mandates plummeted, with a falloff in M&A activity and debt capital markets proceeds. Harvard University overtook it in the last two years, but NYU finished in a close second. These should help you get the edge. Investment banks underwrite new debt and equity In addition, bank employees cannot personally trade in securities of any issuer subject to trading restrictions by virtue of being on the Restricted List. Genghis Capital is one of the best investment banks in Kenya excelling well in both the institutional and real market sectors. Within investment banking, the firm works with a broad range of issuer clients, including high growth companies, corporations, institutions and governments, to deliver comprehensive strategic advice, capital raising and risk management expertise that match their scale and needs. Morgan Stanley 2024 Investment Banking Summer Analyst Program (Taipei Apr 19, 2022 · Middle Market Growth ’s 2022 Business Development Report features a list of “Investment Bankers to Watch. Anu Aiygenar, Global Co-Head of M&A at JP Morgan. Based in Frankfurt, Deutsche Bank holds about 1. Morgan. Sales and negotiations. 5 (106K) Rate. Jul 8, 2024 · The Federal Deposit Insurance Corporation (FDIC) has placed 63 lenders on its ‘Problem Bank List,' signaling financial, operational, or managerial weaknesses that could lead to insolvency. BAC, +0. Private equity associate. Try to login to the application with invalid credentials. Bristows. base adjusted for foreign exchange). Second, add scanned listings of stocks that meet general May 2, 2024 · #2 – Financial Advisory. Requirement #3: Deal Knowledge – the bank’s deals, a deal you’ve researched, and your own deals (if applicable). We’re looking for analytical thinkers who thrive on building long-term relationships. The list includes stocks priced at $5 or more with a three month average daily Mar 27, 2018 · List of all Fintech companies in Kenya. We help clients seize new opportunities to unlock growth and transformation. Jun 5, 2024 · Simply defined, investment banking is a division of a bank or other financial institution that serves corporations, government-owned companies, government offices and institutions. +51. Feb 20, 2024 · Investment Bank (IB): An investment bank (IB) is a financial intermediary that performs a variety of services. Morgan Stanley's Global Capital Markets (GCM) division responds with market judgments and ingenuity to clients' needs for capital. qc gz eq no xg he dw cp ky nj