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. In an IPO, who is a greensheet distributed to and for what purpose?

    One of the most talked about documents that arises in the process of introducing a new issue is the greensheet. This is an ...
  2. What is the Pac-Man defense?

    The Pac-Man defense is a strategy in which a company that is facing a hostile takeover from another company essentially turns ...
  3. If a company undergoes an acquisition can an employee withdraw 401(k) funds tax free?

    Although the participant may be eligible to withdraw the funds if a plan is terminated as a result of an acquisition or other ...
  4. What is a tuck-in acquisition?

    A tuck-in acquisition, often referred to as a "bolt-on acquisition", is a type of acquisition in which the acquiring company ...
RELATED TERMS
  1. Acquisition

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

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

    The legal requirement that a company’s board of directors make ...
  4. Volcker Rule

    The Volcker rule separates investment banking, private equity ...
  5. Business Consolidation

    The consolidation of several business units or several different ...
  6. Golden Bungee

    A benefit conferred to select top executives that is a combination ...
comments powered by Disqus
Related Articles
  1. How Bank of America Holds 1/8 of All ...
    Stock Analysis

    How Bank of America Holds 1/8 of All ...

  2. JPMorgan Chase: Too Big (And Profitable) ...
    Stock Analysis

    JPMorgan Chase: Too Big (And Profitable) ...

  3. How Wells Fargo Became The Biggest Bank ...
    Stock Analysis

    How Wells Fargo Became The Biggest Bank ...

  4. War's Influence On Wall Street
    Bonds & Fixed Income

    War's Influence On Wall Street

  5. What You Need To Know About Net Neutrality
    Stock Analysis

    What You Need To Know About Net Neutrality

Trading Center