Bankers to pick up €242м for consulting services in 2018

  • Bankers to pick up €242м for consulting services in 2018
    Independent.t. E.
    Investment banks have earned $280.55 m (€242м) advising a large Irish mergers and acquisitions and capital still increase in transactions this year, according to data provider Thomson financial.
    https://www.independent.ie/business/irish/bankers-pick-up-242m-in-advisory-fees-in-2018-37187060.html
    https://www.independent.ie/business/article37187059.ece/67bd9/AUTOCROP/h342/2018-08-06_bus_43018029_I1.JPG

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Investment banks have earned $280.55 m (€242м) advising a large Irish mergers and acquisitions and capital still increase in transactions this year, according to data provider Thomson financial.

Last week, Smurfit Kappa said that it spent €12m on its successful defense against €9 billion takeover offer from rival International paper.

In new York Citi and homegrown financial advisors Davy advocated Smurfit Kappa to deal.

Earlier this year, falls on the EIR showed that it spent €12 million training its sales NJJ and the Iliad, the firm associated with French billionaire Xavier Niel’.

“Thomson-Reuters” the evidence suggests, the so-called bulge bracket global investment banks – JP Morgan, UBS, Goldman Sachs, Citibank and Bank of America Merrill Lynch were the largest income of the Irish transactions, including large cross-border transactions such CRB and Smurfit Kappa.

Globally, investment bankers enjoy a salary increase on average from 5pcs to 10pcs financial services this year, according to a new York analyst at Johnson associates.

The biggest increase will probably be in sales in securities trading, where bonuses can rise as much as 20pc.

An exception is considered a Prime candidate for merger Advisory work, where the stimuli can fall.

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