This is not my beautiful house…this is not my beautiful wife… images and illusions of investment banking

This is not my beautiful house…this is not my beautiful wife…

images and illusions of investment banking

Admiral General Aladeen – investment banker…

http://www.google.co.uk/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&docid=sDccOOedPLh2KM&tbnid=oHijAGXqqVXOxM:&ved=0CAUQjRw&url=http://fanart.tv/movie/76493/the-dictator/&ei=-PEuUvm9EKP70wWwnoHYDA&bvm=bv.51773540,d.ZGU&psig=AFQjCNF7UFVAalL2TdbCUP9UgAJcmDiypw&ust=1378894708039500

Lesson # 1

Know what you are looking for…

http://www.google.co.uk/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&docid=0La8djKLjYjSwM&tbnid=JQvSoB0NH0706M:&ved=0CAUQjRw&url=http://danceswithfat.wordpress.com/2012/01/12/obesity-and-smoking/apples-and-oranges/&ei=pwsvUu38F9LB0gWw04AQ&bvm=bv.51773540,d.ZG4&psig=AFQjCNEo4pxFIU5w71t9-BgCGuakPRnTcQ&ust=1378901254867775

So what IS an investment bank?

Advisory – Led

Agency – Based

Markets - Centric

Lesson # 2 - Be observant!

http://www.google.co.uk/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&docid=SM4nSKcWxsMPUM&tbnid=ihhyDfUG3XnRaM:&ved=0CAUQjRw&url=http://tripwow.tripadvisor.com/slideshow-photo/this-a-japanese-temple-japan-japan.html?sid=13071362&fid=upload_12942600947-tpfil02aw-29365&ei=2wMvUsmSCYGI0AXU3YCIAg&bvm=bv.51773540,d.ZG4&psig=AFQjCNGlzLEuCSg-qb7APcs0S5RdgPaNYg&ust=1378899269276373

The Universal Banking model…

http://www.google.co.uk/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&docid=fXtdR0huVUA8EM&tbnid=GTjHTmU7lgQsSM:&ved=0CAUQjRw&url=http://frenchspin.com/en/2010/08/phileas-27-what-could-possibly-go-wrong/&ei=HQkvUuP6C8HS0QXnp4GgCw&psig=AFQjCNHZIeU8WEYxLTkthqW8_vu07VZpYQ&ust=1378900485623170

Bowled out in interview # 2

http://www.google.co.uk/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&docid=j2upsYo6EnG_kM&tbnid=glSJuMNyfMC1XM:&ved=0CAUQjRw&url=http://vagabondscholar.blogspot.com/2009/11/american-politics-seen-as-japanese.html&ei=kBwvUoOoCYeX1AW_v4CACw&bvm=bv.51773540,d.ZG4&psig=AFQjCNGtoyPIf8e03ePhPwuxH9APlGqszw&ust=1378905594787704

Lesson # 3 – Have fun!

Debt issuance surges…

http://www.google.co.uk/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&docid=7v7bqIREgXYxZM&tbnid=lmhAKW0PkmwoIM:&ved=0CAUQjRw&url=http://www.businessweek.com/videos/2013-05-28/high-yield-bond-issuance-at-record-high&ei=jyAvUr7EDOax0AXQ_ID4AQ&bvm=bv.51773540,d.ZG4&psig=AFQjCNEFoPgAlOyxrtCd8QogV72ZT3qmGQ&ust=1378906506372614

What could possibly go wrong…?

http://www.google.co.uk/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&docid=b91-j6RKGROtCM&tbnid=WtU0XkXHxnHsPM:&ved=0CAUQjRw&url=http://www.dvice.com/archives/2011/12/1967_chevy_gets.php&ei=yAgvUoe2C4iJ0AWD0IDACw&psig=AFQjCNHZIeU8WEYxLTkthqW8_vu07VZpYQ&ust=1378900485623170

This did not end well

http://allthingsd.com/20120625/lets-face-it-rim-is-a-total-disaster/trainwreck/

New Requirements…

http://www.google.co.uk/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&docid=B4Ip2D3lxxPVrM&tbnid=IeBfH2v_LJI4kM:&ved=0CAUQjRw&url=http://www.open.edu/openlearn/money-management/money/accounting-and-finance/finance/gold-always-believe&ei=IncxUufnMcLy7Abm4oDADA&bvm=bv.52109249,d.ZG4&psig=AFQjCNEvJym_H1QRD1cSPREB-G9b5Yv1sQ&ust=1379059842095235

http://www.google.co.uk/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&docid=KUATxKktGOWKTM&tbnid=A6H-9f5jXVNfZM:&ved=0CAUQjRw&url=http://theiam.org//magazine&ei=lXcxUuj6CqfX7AadlIHwBw&psig=AFQjCNGaw-z9apx_EARQLuAM-wgbUgM6BA&ust=1379059917886187

An investment bank now is:

Advisory – led

Agency – based

Markets – centric

Global in outlook and execution

Capital-intensive, albeit episodically

Classic investment banking is a large market

Lesson # 4 – remember Lesson # 3

Add value to clients!

Have fun!

This is not my beautiful house…this is not my beautiful wife…

images and illusions of investment banking

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This is not my beautiful house…this is not my beautiful wife… images and illusions of investment banking