List of investment banks
From Wikipedia, the free encyclopedia
Jump to: navigation, search
The following is a list of investment banks
Contents
[hide]
1 Largest full-service investment banks
2 Financial conglomerates
3 Independent investment banks and large cap advisory firms
o 3.1 Private placement firms
4 Other advisory and capital markets firms
o 4.1 Boutique advisory and placement firms
5 Notable former investment banks and brokerages
6 See also
7 Notes
[edit] Largest full-service investment banks
The following are the largest full-service global investment banks; Full-service investment banks
usually provides both advisory and financing banking services, as well as the sales, market
making, and research on a broad array of financial products including equities, credit, rates,
commodities, and their derivatives. The list compiled here is based on investment banking
revenues and assets.[1][2]
Bank of America (Bank of America Merrill Lynch)
BNP Paribas (BNP Paribas CIB)
Citigroup (Citi Institutional Clients Group)
Credit Suisse
Barclays Capital
Deutsche Bank
Jefferies
Goldman Sachs
HSBC
JPMorgan Chase (J.P. Morgan Investment Bank)
Macquarie Group
Morgan Stanley
UBS (UBS Investment Bank)
[edit] Financial conglomerates
Large financial-services conglomerates combine commercial banking and investment banking
and sometimes insurance. Such combinations were common in Europe but illegal in the United
States prior to passage of the Gramm-Leach-Bliley Act of 1999. The following are large
investment banking firms affiliated with large financial institutions (not previously listed above).
The name of the investment banking affiliate is in parentheses, if distinct from the name of the
parent bank.
KeyCorp (KeyBanc Société Générale
ABN Amro [3]
Capital Markets) (SG CIB)
Commerzbank (Dresdner Kotak Mahindra Bank Standard Bank
Kleinwort, Eurohypo) Lloyds Banking Group Standard Chartered
BBVA Macquarie Group Bank
Banco Santander Mizuho Financial SunTrust (Robinson
BB&T (BB&T Capital Group (Mizuho Humphrey)
Markets) Corporate Bank) Toronto-Dominion
Bank of Montreal (BMO Monte dei Paschi di Bank (TD
Capital Markets) Siena (MPS Finance) Securities)
BBH (Brown Brothers M&T Bank (M&T UniCredit (UBM)
Harriman) Investment Banking
Canadian Imperial Bank of Group)
Commerce (CIBC World National Australia
Markets) Bank
Crédit Agricole (Crédit Natixis
Agricole CIB) Rabobank
Daiwa Securities Scotiabank (Scotia
ING Group Capital)
KBC Bank
[edit] Independent investment banks and large cap advisory
firms
Notable M&A advisors and underwriters of securities that are not affiliated with commercial
banks:
Generation Equity Needham and Company
Allen & Company Advisors Oppenheimer & Co.
Arma Partners Greenhill & Co. Panmure Gordon
BBY Ltd Harris Williams & Perella Weinberg
Blackstone Group Company Partners
BOC International Houlihan Lokey Howard Piper Jaffray
Holdings & Zukin Pottinger (Australia)
Brewin Dolphin Imperial Capital Pritchard Capital
Brown Brothers Investec Partners
Harriman Keefe, Bruyette & Woods Raymond James
Bryant Park Capital Ladenburg Thalmann Robert W. Baird &
Catalyst Corporate Lazard Company
Finance Lazard Capital Markets[4] ROTH Capital Partners
Centerview Partners Lincoln International RSM Equico
Close Brothers Group LMC Capital Sagent Advisors
CLSA Mediobanca Sandler O'Neill +
Collins Stewart Miller Buckfire & Co. Partners
Cowen Group M.M.Warburg & CO Signal Hill Capital
C.W. Downer & Co. Maxim Group LLC Group
Defoe Fournier & Cie. Moelis & Company Stephens Inc.
Eternus Capital Morgan Keegan & Thomas Weisel Partners
Europa partners Company Vector Casa de Bolsa
Evercore Partners N M Rothschild & Sons William Blair &
FALCOM Financial Company
Services Woori Investment &
FBR Capital Markets Securities
Fox-Pitt, Kelton WR Hambrecht + Co
[edit] Private placement firms
Private placement agents, including firms that specialize in fundraising for private equity funds:
[5][6]
Helix Associates Park Hill Group
Atlantic-Pacific Capital J.P. Morgan Cazenove Probitas Partners
Campbell Lutyens Monument Group Triago
Cogent Partners Mvision
C.P. Eaton Partners
Fidequity Group
[edit] Other advisory and capital markets firms
This section may require cleanup to meet Wikipedia's quality standards. Please
improve this section if you can. The talk page may contain suggestions. (September
2009)
Broker-dealers and miscellaneous.
Deal Strategy Montgomery & Co.
Aforge Finance Defoe Capital National Securities
Akin Bay Company Duff & Phelps Newedge
Ambrian Equinet AG NIBC
Avista Partners Espírito Santo Old Park Lane Capital
Banca Leonardo Investment Pacific Road Corporate
Blackmont Capital Exane Finance
Brown, Shipley & Co. Grace Matthews Park Lane
Bryant Park Capital Golden Financial Sagacious Financial
Bulger Capital Investment Group Services Ltd.
Partners HNC Saudi Arabia Saxo Bank
BTIG InnoVative Capital Sheshunoff Management
Cantor Fitzgerald Investment Technology Services
Carnegie, Wylie & Group TSG Partners
Company Jones Trading Wynston Hill Capital
Cazenove Kerr Financial
Corporate Finance Corporation
Associates Keytrade Bank
Chardan Capital Madison Williams and
Markets Company
D.A. Davidson & Co. Messier Partner
DAK Capital
[edit] Boutique advisory and placement firms
Financo, Inc. Peter J. Solomon
The Abaxas Group FMI Capital Advisors Company
Almeida Capital Freeman & Co. Pharus Advisors
Americas Growth Capital Gemini Partners The PrinceRidge Group
Aquaa Partners Genuity Capital Quest Profin Advisor
Arbor Advisors Markets Pvt. Ltd., INDIA
Arena Group Global Financial The Potomac Company
Avalon Group Ltd. Services Co. Provident Healthcare
Berkery, Noyes & Co Global M&A GmbH Partners
BG Capital Gordian Group Remington Financial
BGR Capital & Trade Greif & Co. Group
BGR Capital & Trade Grisons Peak Revolution Partners
Blue Crown Funding Growth Capital R.G. Wuelfing &
Blaige & Company Partners Associates
Boenning & Scattergood GrowthPoint RHB Investment Bank
Brescon Corporate Technology Partners Berhad
Advisors Ltd. HarborLight Capital Rutberg & Co.
Broadpoint.Gleacher Group Salman Partners
Bruce D. Schulman & HFP Capital Markets Scott-Macon Ltd.
Associates Hilco Corporate Seymour Pierce
Bryan, Garnier & Co Finance Siemer & Associates
Bryant Park Capital The Hina Group Sonenshine Partners
Business Development Hovde Source Capital Group
Asia Indigo Capital Southwest Securities
Cain Brothers Holding Spurrier Capital
Canaccord Genuity Intellian Capital Partners
The Capital Corporation Advisors Stone Key Partners
Capstone Partners Janney Montgomery Sucsy, Fischer &
CB Capital Partners Scott Company
Cipher Capital Jesup & Lamont Transparent Value
Clayton Capital Partners JMP Securities Universalis Capital
The Collins Group Jordan, Knauff & (Универсалис
Columbia West Capital Company Капитал)
Concorde Capital Lancaster Pollard Vermilion Partners Ltd
Confluence Advisors Lane Berry Versailles Group, Ltd.
Consus Partner Leerink Swann Woodbridge Group
Cross Keys Capital Leonardo & Co. Woodside Capital
Crowe Capital Markets M3 Capital Partners Partners
CSG Partners Marathon Capital, Wyatt Matas &
The DAK Group, Ltd. LLC Associates
Dawson James Securities Marlin & Associates
DecisionPoint International Matthews Asia Funds
Downer & Company Maxim Group
Dresner Partners The McLean Group
Fairmount Partners Midtown Partners
Ferris, Baker Watts Newforth Partners
Orion Capital Group
Pacific Growth
Equities
Peachtree Media
Advisors
[edit] Notable former investment banks and brokerages
The following are notable investment banking and brokerage firms that have been liquidated,
acquired or merged and no longer operate under the same name.
Firm Fate
Alex. Brown & Sons ultimately part of Deutsche Bank, survives as minor business unit
A.G. Becker & Co. acquired by Merrill Lynch in 1984
A.G. Edwards acquired by Wachovia in 2007
The Argosy Group acquired by Canadian Imperial Bank of Commerce in 1995
Babcock & Brown collapsed 2009, liquidation of its assets
BancAmerica acquired by NationsBank in 1998 and integrated into NationsBanc
Robertson Stephens Montgomery Securities to form Banc of America Securities.
Barings collapsed 1995; assets acquired by ING Bank
Bear Stearns collapsed 2008; assets acquired by JPMorgan Chase
Blyth, Eastman Dillon
merged with Paine Webber in 1979
& Co.
merged with Harriman Brothers & Company to form Brown Brothers
Brown Bros. & Co.
Harriman & Co.
BT Alex. Brown acquried by Deutsche Bank to form Deutsche Bank Alex. Brown
C.E. Unterberg,
acquired by Collins Stewart in 2007
Towbin
Commodities acquired by Goldman Sachs and renamed Goldman Sachs Princeton in
Corporation 1997
Dain Rauscher
bought by Royal Bank of Canada in 2000
Wessels
merged with Morgan Stanley to form Morgan Stanley Dean Witter,
Dean Witter Reynolds
subsequently the Dean Witter name was eliminated
Dillon, Read &
acquired by Swiss Bank Corporation, and is ultimately part of UBS AG
Company
Donaldson, Lufkin &
acquired by Credit Suisse in 2001
Jenrette
Drexel Burnham
liquidated 1990
Lambert
acquired by Shearson Lehman/American Express in 1988, ultimately part
E.F. Hutton & Co.
of Lehman Brothers
First Boston merged with Credit Suisse in 1988 to form CS First Boston, renamed
Corporation Credit Suisse First Boston in 1996 and Credit Suisse in 2006
G.H. Walker & Co. acquired by White Weld & Co and ultimately part of Merrill Lynch
Gerard Klauer acquired by BMO Nesbitt Burns, subsequently renamed Harris Nesbitt
Mattison and later BMO Capital Markets
Giuliani Capital the investment banking division of Giuliani Partners was sold to
Advisors Macquarie Group in 2007
H.B. Hollins & Co. liquidated in 1913
Halsey, Stuart & Co. ultimately part of Wachovia
acquired by Chase Manhattan Bank and ultimately part of JPMorgan
Hambrecht & Quist
Chase. H&Q name continues as investment advisor
Hambros Bank acquired by Société Générale
acquired Shearson Hammill & Co. in 1974 and assumed the Shearson
Hayden, Stone & Co.
name. Ultimately acquired by American Express in 1981
Harriman Brothers & merged with Brown Bros. & Co. to form Brown Brothers Harriman &
Company Co.
Hill Samuel acquired by Trustee Savings Bank (TSB) in 1987 later Lloyds TSB
investment bank acquired by Loeb, Rhoades & Co. and ultimately part of
Hornblower & Weeks
Shearson/American Express
J.&W. Seligman &
investment bank ultimately part of UBS AG; continues as asset manager
Co.
J.C. Bradford & Co. acquired by PaineWebber in 2000, ultimately part of UBS AG
IBD acquired by Piper Jaffray in 1999; company continues as asset
John Nuveen & Co. management house under Nuveen Investments, which is controlled by
private equity firm Madison Dearborn Partners
Kidder, Peabody & acquired by General Electric Corporation in 1986, subsequently resold to
Co. PaineWebber in 1994 and ultimately part of UBS AG
Kleinwort Benson acquired by Dresdner Bank in 1995
Kuhn, Loeb & Co. ultimately part of Lehman Brothers
ultimately part of C.E. Unterberg, Towbin, with parts sold to
L.F. Rothschild Oppenheimer‘‘not to be confused with N.M. Rothschild, Rothschild
Group; see Rothschild family
Lee, Higginson & Co. liquidated 1932
Lehman Brothers bankrupt in 2008, asset sold to Barclays Capital and Nomura Holdings
acquired by Shearson Hammill & Co. to form Shearson Loeb Rhoades in
Loeb, Rhoades & Co. 1979 which was later acquired by American Express in 1981 to form
Shearson/American Express
Mendelssohn & Co. aryanized by the Nazis in 1938, sold in parts to Deutsche Bank
acquired by Bank of America in 2008 and integrated into Banc of
Merrill Lynch & Co.
America Securities to form Bank of America Merrill Lynch
Montgomery acquired by NationsBank in 1997 and integrated into NationsBanc
Securities Capital Markets to form NationsBanc Montgomery Securities
acquired by Morgan Stanley in 1967 and incorporated as Morgan et
Morgan & Cie Compagnie International in Morgan Stanley International Incorporated in
1975
Morgan Grenfell acquired by Deutsche Bank in 1990
Morgan, Harjes & Co. renamed Morgan & Cie in 1926 and acquired by Morgan Stanley in 1926
Paine Webber acquired by UBS AG
Park Ryan liquidated 1979
Petrie Parkman & Co. acquired by Merrill Lynch in 2006
Prudential Securities acquired by Wachovia in 2003
acquired by National Bank Financial in 2002; acquired from NBF by
Putnam Lovell
Jefferies & Company in 2007
Robert Fleming & Co. acquired by JPMorgan Chase
acquired by BankAmerica in 1997 and integrated into BancAmerica
Securities to form BancAmerica Robertson Stephens. Sold again in 1998
Robertson Stephens to BankBoston (later FleetBoston Financial and would operate as
Robertson Stephens from 1998–2002, when the firm was shuttered after
the collapse of the Internet bubble
Broken up into three firms in 1934: Roosevelt & Son (liquidated),
Roosevelt & Son Roosevelt & Weigold (today operates as Roosevelt & Cross; and Dick &
Merle Smith
ultimately part of Stifel Financial Corp., parent company of Stifel
Ryan Beck & Co.
Nicolaus
S. G. Warburg & Co ultimately part of UBS AG; not to be confused with M.M. Warburg or
Warburg Pincus; see Warburg family
Salomon Brothers acquired by Travelers Group in 1997, ultimately part of Citigroup
Schroders investment bank bought by Citigroup; continues as asset manager
acquired Lehman Brothers Kuhn Loeb in 1984 to form Shearson
Shearson/American
Lehman/American Express, later Shearson Lehman Hutton and Shearson
Express
Lehman Brothers
renamed Shearson Loeb Rhoades after the 1979 acquisition of Loeb,
Shearson, Hammill &
Rhoades & Co. in 1979. Acquired by American Express in 1981 to form
Co.
Shearson/American Express
renamed Shearson Lehman Brothers in 1990 and split up in 1993 with the
Shearson Lehman
IPO of Lehman Brothers and the sale of the retail and brokerage
Hutton
operations to Primerica
Soundview
ultimately part of Charles Schwab
Technology Group
Swiss Bank
merged with Union Bank of Switzerland to form UBS AG
Corporation
Union Bank of
merged with Swiss Bank Corporation to form UBS AG
Switzerland
Wachovia Securities acquired by Wells Fargo in 2008 and renamed Wells Fargo Securities
Wasserstein Perella &
bought by Dresdner Bank
Co.
Wessels, Arnold & bought by Dain Rauscher to form Dain Rauscher Wessels, later RBC
Henderson Dain Rauscher
Wertheim & Co. acquired by Schroders, and ultimately by Salomon Smith Barney
Wheat First ultimately part of Wachovia
White Weld & Co. bought by Merrill Lynch
WIT Capital bought by Charles Schwab
acquired by the Canadian Imperial Bank of Commerce in 1987, operating
Wood Gundy
as CIBC Wood Gundy before becoming CIBC World Markets in 1997
[edit] See also
List of private equity firms
List of investment banking private equity groups
List of investment management firms
[edit] Notes
1. ^ [1]. Thomson Reuters Deals Intelligence; updated every quarter
2. ^ [2]. Bloomberg 20; updated every year
3. ^ ABN AMRO Bank N.V. was acquired by a consortium of Fortis, RBS and Santander in
October 2007. On 3 October 2008, the Dutch state announced that it has bought Fortis
4. ^ Lazard Capital Markets was spun off from Lazard in 2005
5. ^ Dow Jones Private Equity Analyst, Special Section "Sources of Capital", page 23 "Placement
Agent Ranking" Total Raised From New LPs
http://img.en25.com/Web/DowJonesFIS/2010%20SOC.pdf
6. ^ Excludes placement agent groups within large investment banks. Top Placement Agents at End
of 2008. Wall Street Journal, April 22, 2009
[hide]v · d · eCorporate finance and investment banking
Senior secured debt · Senior debt · Second lien
debt · Subordinated debt · Mezzanine debt ·
Capital structure Convertible debt · Exchangeable debt · Preferred
equity · Warrant · Shareholder loan · Common
equity · Pari passu
Transactions Initial public offering
(terms / conditions)
(IPO) · Secondary
Market Offering
(SEO) · Follow-on
offering · Rights
issue · Private
placement · Spin off ·
Equity offerings
Spin out · Equity
carve-out ·
Greenshoe
(Reverse) · Book
building ·
Bookrunner ·
Underwriter
Mergers andTakeover · Reverse
acquisitionstakeover · Tender
offer · Proxy fight ·
Poison pill ·
Staggered Board ·
Squeeze out · Tag-
along right · Drag-
along right · Pre-
emption right ·
Control premium ·
Due diligence ·
Divestment · Sell
side · Buy side ·
Demerger · Super-
majority · Pitch book
Leveraged buyout ·
Leveraged recap ·
Financial sponsor ·
LeveragePrivate equity · Bond
offering · High-yield
debt · DIP financing ·
Project finance
Financial modeling · Free cash flow · Business
valuation · Fairness opinion · Stock valuation ·
APV · DCF · Net present value (NPV) · Cost of
Valuation
capital (Weighted average) · Comparable
company analysis · Accretion/dilution analysis ·
Enterprise
