What does the 'FIG' at an investment bank refer to?

By Rob Renaud AAA
A:

The 'FIG' at an investment bank usually refers to the financial institutions group - a group of professionals that provides investment banking and merger and acquisition expertise to financial institutions. In order to provide more tailored services, some investment banks further segment their areas of expertise under the financial institutions group into a banking or financial services group, and an insurance group. Some investment banks use these sorts of divisions more as a marketing technique than as a representation of real expertise.

Some examples of companies that may represent prospective FIG clients include insurance companies specializing in personal or commercial insurance products, commercial finance companies that provide financial services to businesses, banks, brokerages, investment dealers, and asset and wealth management companies.

The services that the FIGs may provide to clients include, but are not limited to: private and public equity or debt financing, recapitalization, financial restructurings, mergers, acquisitions, corporate valuations, expert financial opinions and corollary analysis and advisory services.

Some other investment banking segments include: health care, industrial, media, telecommunications, mining, energy, retail, technology and real estate, although this is by no means an exhaustive list of the business divisions within which investment banks operate.

For further reading, see IPO Basics Tutorial and The Basics Of Mergers And Acquisitions.

RELATED FAQS

  1. Should commercial and investment banks be legally separated?

    Find out why market risk isn't created by letting commercial and investment banks merge; it results from moral hazard and ...
  2. How did Nathan Rothschild attain his wealth?

    Discover how Nathan Rothschild was born into a wealthy family and what he did with the money during his lifetime that truly ...
  3. What are some examples of cash flow from operating activities?

    Learn about the cash flow statement and cash flows from operating activities, and observe some examples of cash flows from ...
  4. How do investment banks help the economy?

    Learn more about the functions of investment banks in a modern economy and how investment banks have been treated differently ...
RELATED TERMS
  1. Enterprise Value (EV)

    A measure of a company's value, often used as an alternative ...
  2. Asset Valuation Review (AVR)

    A process that establishes an estimate of the value of a failed ...
  3. Assisted Merger

    The merger of two or more financial institutions undertaken with ...
  4. Assuming Institution

    A healthy financial institution that purchases the assets of ...
  5. Acquisition

    A corporate action in which a company buys most, if not all, ...
  6. Roll-Up Merger

    A rollup (also known as a "roll up" or a "roll-up") ...

You May Also Like

Related Articles
  1. Stock Analysis

    Will Kraft-Heinz Be a Winner?

  2. Investing

    WhatsApp: The Best Facebook Purchase ...

  3. Entrepreneurship

    JPMorgan vs. Goldman Sachs: A Tale of ...

  4. Investing

    4 Hottest IPOs in 2015

  5. Entrepreneurship

    Which is The Best Bank for Your Buck, ...

Trading Center