Investment Bank Fees: Glass Half Full?
Investment bankers have run out of ways to describe the rich revenue potential in LatAm. Those with other products to offer are chasing a much bigger pot.
by James Crombie
Senior investment bankers talk a bigger game than Diego
Maradona when forecasting potential for LatAm revenue
magnification. Balance sheet deployment and frenzied hiring by
the leading firms suggest that global management is buying the
pitch. However, for institutions with nothing else to sell, the
region may have trouble living up to the hype.
Rather like the
ebullience that accompanied the arrival of six LatAm teams in
the last 16 of the soccer World Cup, it is easy to get carried
away. However, even Brazil might fail to impress, and some
bankers privately worry that it may become something of a
Despite lack of scale, the last remaining pure investment banks
are redoubling LatAm efforts. They are convinced of the trend
and its sustainability.
"Today, just about every investor out there wants to
understand whats going on in Brazil, and theyre
even starting to think about Mexico,...
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