![]() ![]() Perhaps, different banks have different job scopes for CBs, but as far as JPM goes, CBs are definitely responsible for both origination and execution. ![]() ![]() However, if JPM were to be lead arranger on a larger deal, the action would happen at 277 Park Ave in the Syndicated & Leveraged Finance - Origination and Syndicated & Leveraged Finance - Loan Capital Markets groups.Īs far as CBs are concerned, they are responsible for both ORIGINATION and EXECUTION. These individuals work with relationship managers at JPM Chase, as well as middle market banks. JPM indeed has a separate group for middle market loan syndications which is located in Chicago. Pay wise, definitely less than what corp.fin is paying, but the difference isn't too huge. Hours are fairly decent, usually from 9-9pm (occasionally 1-2am when the deal's very urgent). If JPM is appointed the lead arranger for the syndicated loan, it would rope in typically 10-15 banks (the largest syndicated loan involved 30+ banks) to arrange a syndicated loan for the borrowers and charge them an upfront fee and another 100-200 bps above LIBOR for the term loan. say GS and KKR (or some other ibanks/ pe shops) wants to takeover a major listed company but does not have the sufficient funds to do so. Corporate bankers in JPM are heavily involved in leveraged/acquisition financing, arranging syndicated loans for LBO targets. Jamesbraddock: Was with JPMorgan Corporate Banking over the summer on an internship. ![]()
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