FIGs provide services to institutions and governments on financial, accounting, tax, and operational matters, and are typically focused on specific industries or geographic regions. Other Fig Investment Banking services include acquisitions, mergers, and dispositions financings corporate restructurings asset based financings leveraged finance projects.
What is the Full Form of FIG?
FIG stands for Financial Institutions Group or Fig Investment Banking. FIGs are a type of bank sponsored investing group comprised of financial professionals and financial service companies. Figs help provide services such as asset allocation, investment education, and portfolio management to bank clients. In addition to helping individual clients make investment decisions, a fig often acts as an intermediary between its bank’s client base and external money managers. FIGs can be found in both commercial and investment banks. FIGs are typically used by De Novo Banking large corporate investors looking for expertise in more complex areas of finance like derivatives, options, futures, foreign exchange forex, and fixed income products.
It is important to note that Fig Investment Banking does not manage assets directly they act as intermediaries between their clients and third party money managers. FIGs were originally designed to improve relationships with clients but have also been linked to growing competition in retail banking. FIGs began popping up during the late 1980’s when it became clear that many smaller banks were losing business because of their inability to provide certain types of specialized investment advice. FIGs allow small banks with limited resources and specialization access to an internal team of specialists who can better compete with larger rivals.
What is Working On FIG?
FIG has grown to have a strong presence in all areas of banking. The firms under Fig Investment Banking have carried out numerous M and A transactions and equity capital market deals, both domestically and abroad. FIG investment banking comprises over 140 firms with more than 20,000 professionals worldwide. FIG member firms serve over 600 international corporate clients as well as six of the top ten U.S. financial institutions. FIG is also active in developing countries including China, India, Indonesia, and Brazil. FIG was established in 2009 by the merger of three existing organizations including International Financial Group FIG.
FIG consists of Fig Investment Banking Division and FIG Member Firms Division. FIG’s mission is to promote greater cooperation among its members to enhance their capabilities and competitiveness while maintaining high professional standards. FIG currently has approximately 240 member firms located in more than 60 countries around the world. FIG aims to become a global standard for excellence in financial services by increasing efficiency and effectiveness through sharing knowledge, experience, and best practices among its members. FIG helps bridge gaps between local markets and cultures so that its members can provide better service to clients on an international scale. With such extensive global coverage, FIG can provide essential information about different markets to help each firm develop new business opportunities for themselves as well as for their clients.
Advice for Individuals Interested in FIG
If you are interested in being a part of Fig Investment Banking, then there are several ways to get involved. You can use your current expertise in accounting, financial services, or engineering and apply it as an expert adviser. You could also become an entry level investment banker and provide business development solutions to clients. Lastly, you could create a financial institution of your own and develop revenue opportunities for your organization. Each option has its pros and cons however, by choosing to be an employee for someone else in FIG or starting up your financial institution, you have complete control over what type of work you do daily and how much money you make per month. The first step is completing our online application. To ensure that we give all candidates equal consideration, we evaluate applications based on factors such as experience and educational background.
Once we receive your application, one of our recruiters will contact you within 1-2 days to discuss more your interest in Fig Investment Banking. From there, we’ll set up an interview with one of our leaders where they will walk you through everything that comes with joining FIG and help answer any questions you may have about career opportunities. At times, some organizations may even require their employees to travel for client meetings. As an intern at FIG Investment Banking Company, most tasks will revolve around researching public companies and analyzing their financial statements as well as company documents like tax returns. Depending on your skill set, you might find yourself drafting memos or presenting recommendations at meetings.