Working in-house means working closely with senior leaders and colleagues from areas that include tax, finance, strategy and risk. James Williams discusses these benefits and the opportunities it will create.
Corporate development, often coined by those within the industry as ‘in-house M&A’ (mergers and acquisitions), is essentially the same as many investment banking activities that are often idolised in the city.
While those who have graduated into this world of divestments, trade books and fundraising, more often than not ply their trade at the investment banks or top 4 advisory firms.
A lot of benefits can be derived from taking that ‘step into the real world’ by joining one of the big international banks in one of their internal corporate development teams.
As was stated in our previous article on takeovers and their effects on employees; takeovers, buy-outs, mergers and acquisitions are often considered the primary revenue building strategy being implemented by a wide variety of global corporations.
2013 remained a difficult year for the M&A environment which was unexpected by analysts, given that more deals were transacted than previous years and were also well received by investors. However, 2014 has seen the emergence of a number of catalysts that could see the volume of deals elevate.
Substantive targets have been implemented on the banks (notably the larger ones) since 2011 that include major hurdles such as rising interest rates, ensuring capital efficient growth and stricter regulatory requirements.
Banks of all sizes have a range of influencers coming in 2014 that will lead to an increase in deals across all market segments. These range from retooling their geographical presence to basic asset growth. This can only be good for those working on the deals as it increases exposure to both internal and external business stakeholders as well as padding their deal list.
June 2014 saw flexitime legislation being introduced with one of the major talking points and benefits being a happier workforce. This is through better management of what’s considered work/life balance. Much akin to this, corporate development is the much sought after route for investment bankers.
After a number of years of dedication where bankers have to ensure they meet client demands well into the early hours, taking the step into one of the big banks is very appealing where there is a good balance between dealing with experience and the expectations of your time at work.
From our talks with a number of clients, we have seen a strong move by a number of in-house teams that has seen them combine the strategy and corporate development arms. This removes the metaphorical ceiling of progression that is often associated with M&A.
Working in-house means working closely with senior leaders and colleagues from areas that include tax, finance, strategy and risk. This heightened exposure to strategic stakeholders within such large corporations opens numerous doors and opportunities to sideways and upward movement for anyone willing to take the move.
Are you looking for a new opportunity in financial services? Get in touch with James Williams via email, or call him on 01273 651 586.
– James Williams