Citi forms dealmaking group with data science flourish - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 74 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 33%
  • Publisher: 51%

المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

Citi just launched a new unit that will apply data science to dealmaking. It's all part of a playbook to become a top-3 global investment bank.

Last year, 147 investors launched activist campaigns — an all-time high — including 43 by first-time activists, according toAlongside that trend, investment banks like Goldman Sachs, Evercore, and Lazard have built out teams dedicated to helping companies strategize and defend against investor attacks.

They're not hunting for market inefficiencies and trading ideas a la quant funds like Two Sigma or Renaissance Technology, but rather they're looking to bolster the advice they give a CEO or board. "Instead of just having an ability to cover 20% of the market with your smaller core team, you can now cover the whole market, because you still do the core 20% but you do it where you can have the most impact," Paterson said. "And the other 80% of the marketplace, the coverage teams know enough, have enough training, have enough content, enough awareness to integrate it into their day-to-day coverage efforts.

"Muir and I can do a couple hundred meetings a year, but our content has been used in the order of 3,000 to 5,000 meetings a year," Costanza said. "And so what does that do? Well, that has created the ability for bankers to include the impact of decisions on their shareholder base in a much broader set of meetings than would otherwise have been able to be to be done."Senior executives quickly took notice.

The other pillar comprising the new unit is Citi's corporate finance advisory team, known internally as the financial strategy and solutions group, which has been in the spotlight within the investment bank amid the fallout from the coronavirus pandemic. Khorona will work closely with Paterson in a senior coverage role once the groups are merged, according to the memo.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 729. in SA
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

Careful with this. It can set you up for discriminatory practices. Spreadsheets can be misleading and disconnected from reality.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Citi's Luigi Pigorini: Wealth taxes could fund coronavirus relief - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Living conditions of minorities and low income workers have deteriorated since trade deals briught in cheap goods outsourced jobs whole supply chains to commjnist regimes. INCOME main issue of 50 million Americans for which a basic income is needed and paid for stock mkt salestax I think it's a good idea Keep the money moving Pajak progresif itu baik, asal jgn diselewengkan
مصدر: BusinessInsider - 🏆 729. / 51 اقرأ أكثر »

White nationalist group posing as antifa called for looting on Twitter - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Trump: Let everyone be their own police What can go wrong? In other words, .realDonaldTrump 's buddies and accomplices in crime run.
مصدر: BusinessInsider - 🏆 729. / 51 اقرأ أكثر »

More data shows that rising house prices won't last — the dip is coming - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
مصدر: BusinessInsider - 🏆 729. / 51 اقرأ أكثر »

Alibaba launches tools for small businesses struggling during pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. THANK YOU🙏
مصدر: BusinessInsider - 🏆 729. / 51 اقرأ أكثر »