Banks Outsource Deal Books
By BankersBall on Jun 13, 2007 in Cube Life, Job Hunting
Time to move up the value chain, and quick. Merrill Lynch is the latest i-bank to buy a stake in Copal Partners, a firm that provides outsourced deal book work to banks, reports the WSJ. Merrill, together with Citigroup and Deutsche Bank, own a 25% share in the UK-based firm, which also has a presence in NYC according to its website. And lest you go crazy trying to figure out how a UK-based firm is cheaper than the US — Copal maintains a research staff of 540 in New Delhi.
Besides deal books, Copal also lists equity research and consulting among its services. And finally, to quell the doubters — the Guardian reports that McKinsey is also a client of Copal.
Related:
No Crackdown on Black Cars, Magazines at Citi (Just Your Jobs, Please)
You’ve Been Outsourced
On Jun 15, 2007, Anonymous said:
I find this very amusing when on many of free analytic list-serves maintained in the US (e.g., SAS user community), the bulk of daily inquiries originates from India. These emails are often titled ‘Urgent’ in the Subject line.