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. How is a tender offer used by an individual, group or company seeking to purchase ...

    Learn how tender offers are used in takeover attempts, and understand the difference between a hostile takeover and a friendly ...
  2. How does a company record profits using the equity method?

    Understand what the equity method of accounting is and what it's used for. Learn how a company record profits using the equity ...
  3. What types of companies hire a chartered financial analyst (CFA)?

    Find out which types of firms typically employ chartered financial analysts, what positions CFAs frequently hold and which ...
  4. What are the major categories of financial institutions and what are their primary ...

    Understand the various types of financial institutions that exist in today's economy, and learn the purpose each serves in ...
RELATED TERMS
  1. Hunting Elephants

    The practice of targeting large companies or customers.
  2. Precedent Transaction Analysis

    A valuation method in which the prices paid for similar companies ...
  3. Poison Put

    A takeover defense strategy in which the target company issues ...
  4. Assented Stock

    A share of stock owned by a shareholder who has agreed to a takeover.
  5. Back-End Plan

    An anti-acquisition strategy in which the target company provides ...
  6. Voting Poison Pill Plan

    An anti-takeover strategy in which the company being targeted ...

You May Also Like

Related Articles
  1. Stock Analysis

    The CVS Target Deal: A Healthy Union?

  2. Investing News

    Most Important Mergers And Acquisitions ...

  3. Investing

    Salesforce Buyout

  4. Personal Finance

    Top Spots to Wine and Dine Clients in ...

  5. Investing Basics

    10 Facts You Didn’t Know About Amazon

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!