Category 1
What does KBCM stand for?
KeyBanc Capital Markets
What does M&A stand for?
Mergers & Acquisitions
What does IOI stand for?
Indication of Interest
What does DCM stand for?
Debt Capital Markets
What is one of the first things an ECM intern/analyst does when they arrive in the office?
Catch up on the news (using Bloomberg, etc.)
What does IPO stand for?
Initial Public Offering; a company goes public
Cleveland & New York
What does LOI stand for?
Letter of Intent
Describe the career progression for an investment banker (name the levels).
Analyst - Associate - VP - Director - MD; a few years for each
What are the 3 "Product Groups / Partners" (different than "Coverage Groups / Verticals") ?
ECM, DCM, M&A
What does ECM stand for?
Equity Capital Markets
Tom from Industrials said "M&A is connecting ______ and _____"
Buyers & Sellers
What does MD stand for (not in the medical world)?
Managing Director
Why does ECM have to come into the office earlier than other coverage groups such as Industrials / why does ECM have different hours?
ECM's work is very market-dependent, so they need to get here before the market opens and can leave earlier once the market is closed.
When you are doing a pitch, you are trying to win a ____.
Mandate
What can you do to raise money once the company has already gone public?
Follow-on offering / Secondary offering
Jess said the two parts of what Industrials does is "_______ and _______"
Pitching & Execution
What did Tom from Industrials say was a mistake he made as an intern?
Not communicating enough (overcommunication in this job is important)
Who is the CEO of KeyBank?
Chris Gorman
Name a few of the "coverage / industry" groups within KBCM.
Industrial, Healthcare, Energy, Consumer & Retail, Real Estate, Technology
What are the 4 parts of the Institutional Equities sector of KBCM?
ECM, Research, Sales, Trading
What are the two main parts of Equity Capital Markets (ECM)?
Origination (pre-mandate; works in a traditional cube), & Syndicate (post-mandate; works on the trading floor).
What did Dee in Industrials say is the main focus of a Director / Managing Director?
Generating fees
Name 6 cities that KBCM has offices in.
8 total for interns: Cleveland, New York, San Francisco, Chicago, Boston, Charlotte, Houston, Portland
Who is the head of the Institutional Bank (the investment banking part of Key)?
Randy Paine