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Vault Message Board: Investment Banking

Topic Name: DLJ vs. Warburg
Message Name: Not kind enough
Date Posted: 06/18/1999
In Reply To: The Facts are: DLJ Bankers are more respected, DLJ is a firm on the RISE, It is public knowledge that UBS is displeased with WDR & is shopping the business, the DLJ "culture" is simply the best on Wall Street for a young banker, who cares if WDR is bigger than DLJ in Frankfurt or Singapore ? Ain't gonna matter to this guys career - This is a no-brainer - go with DLJ
Message: If I wasn't so trusting I'd think you were being deliberately misleading. If you think the International markets can be summed up as Frankfurt and Singapore then you're probably right (even though in both of these markets Warburg is a household name, while if you ask about DLJ no one will know if you are talking about an investment bank, a law firm or even a shoe shop). You conveniently ignored London, a market where Warburg is dominant, and DLJ is scratching around the fringes. Before you knock me down and tell me London is insignificant, let me point out that DLJ think it is important, evidenced by the money they're throwing at building up there. This analysis applies HK, Tokyo, Paris, Switzerland and most of the rest of the world as well.

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