| Topic Name: |
SSB or JPM or DBAB?? |
| Message Name: |
You say that you're |
| Date Posted: |
02/23/2000 |
| In Reply To: |
You guys have no clue what you are talking about.
I am not going to fill this message with DB propoganda, but I think that it is unprofessional to sit here and attack other firms.. what kind of complexes do you have?
No matter what you say, DB is by all respects a very strong franchise with leadership positions in all products, world-wide.
In europe, it is the most esteemed financial institution.
In asia, it has been there since the turn of the century and is building a world class platform for growth.
In the U.S, no one will deny that BT wasn't the best way to build its U.S. capabilities.. but Alex. Brown continues its traditionally strengths in tech/healthcare IPOs and the franchise is gaining ground and much talent from across the street and the brightest from colleges/mba programs.
Morgan Grenfell purchase ended up blowing up... Only in 1995 did DB make an all out effort to build a world class IB, by 1998 costs and lack of global synergies added up to the point that the old DMG blew up and was completely restructured under the Global Corporates and Institutions division.
DB then bought Bankers Trust since it was cheap and just begging for a buyer.. since then, DBs earnings have been the best in its history and the firm has made real, undeniable momentum in the U.S. and this is reflected by the many, many awards it won.. especially Euromoney's #1 IB for capital raising and several other awards.
Awards aside.. it is not the firm committment of the Vorstand (board) to push DB into the top tier of investment banks, in every market, in every product, in every country.
2 years ago all the naysayers said the firm would completely blow up. Now, REAL people who know their shit aren't talking anymore.
DB, worldwide, is hiring away some of the brightest talent on the street, in the City (london), and in Central (Hong Kong).
It is attracting some very bright candidates who came to DB to be a part of vision in motion.
DB is not a military bank. Can't anyone get over the war? Can we say Credit Suisse? UBS?--they had ties to Nazi money too..
DB is not a retail bank. It spun off Deutsche Bank 24 and the Deutsche Bank that we know is GCI (IB), Asset Mgt (top 3 leader), and Midmarket corporate banking, primarily european.
If you have an open mind, want to be part of something big, and don't mind excellent comp. packages.. consider DB.
If you are too narrow minded with too much a domestic, mid-western perspective.. then just look down at DB and don't consider us.. don't even look back, cause you won't be able to catch us 5 years from now.
Enough said.
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| Message: |
You say that you're "not going to fill this message with DB propaganda", and then you do just that. Interesting. You DB guys are all the same, constantly feeling the need to spout off about the firm. This was the same shit that was fed to me in interviews with the firm - I didn't buy it then, I don't buy it now. To paraphase a quote by I-don't-know-who, the more you remind people of how great you are, the less convincing you become. People from GS or MSDW don't need to tell people how great their company is, everybody knows it.
And don't give me this crap about candidates coming to DB "to be a part of vision in motion." They joined DB because they were paid a shitload of money. I'll admit, that's one area where the firm shines. It'll be interesting to see in a couple of years how many leave once they realize they're working for an unorganized behemoth.
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