Investment Banking Explained: An Insider's Guide to the Industry, Second Edition

  • 6h 29m
  • Michel Fleuriet
  • McGraw-Hill
  • 2019

The authoritative guide to investment banking—updated and revised for the new financial landscape

What is investment banking? How do investment bankers generate profit for their clients? What is the function of each specialty? How has the industry changed in the past decade? Investment Banking Explained answers these questions—and offers a complete overview of this complex industry.

Written in accessible, easy-to-understand language, Investment Banking Explained provides everything you need to identify structures, strategies, and operational aspects of investment banking, and it offers thorough examinations of the operations of the world's most successful firms. With every chapter updated and revised, this peerless work also includes need-to-know information on all-new topics, including developing strategic relationships with large corporate clients, understanding the role of technology, finding the keys for a successful IPO, how to successfully advise a client in mergers and acquisitions, the strategies for value creation in asset management, and startup financing.

The only book of its kind written by a seasoned investment banking practitioner, Investment Banking Explained delivers a complete overview of investment banking in its modern form. Whether you’re in the business or planning to launch an investment banking career, this comprehensive guide provides everything you need to succeed.

About the Author

Michel Fleuriet, Ph.D., was the Harry W. Reynolds International Adjunct Professor of Finance, Wharton School of Finance, at the University of Pennsylvania, and the founder of university of Paris-Dauphine's master's program in investment banking. Prior to his career in academics, he served as chairman of HSBC France, chairman and head of investment banking at Merrill Lynch France, and CEO of Chase Manhattan France.

In this Book

  • Origins of Investment Banking
  • History of Some Key Financial Institutions and Products
  • The Business of Investment Banks
  • Charting the Course
  • The 2007–8 Financial Crisis: Causes and Consequences
  • Strategies in Relationship Management
  • Trading and Capital Markets Activities
  • Strategies in Trading
  • Equity Research
  • The Business of Equity Offerings
  • Strategies in IPOs
  • Fixed-Income Businesses
  • Strategies in Fixed Income
  • Role of Investment Banking in M&A
  • Strategies for Value in M&As
  • Synergies in M&As
  • Private Banking and Investment Management
  • Alternative Investments
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