Top 10 Investment Banks in Australia | Minimum Deposit, Rates
Top 10 Investment Banks in Australia | Minimum Deposit, Rates. Investment banks offer services ranging from buying bonds, securities to providing opportunities for worthwhile investments.
What is an Investment Bank? An investment bank is a financial services company that acts as an intermediary in large and complex financial transactions. Usually, when a startup company prepares for its launch of an initial public offering (IPO) and when a corporation merges with a competitor, it gets involved.
List of Top Investment Banks in Australia
- Citi Bank.
- JP. Morgan
- Goldman Sachs
- Macquarie Group
- UBS
- Credit Suisse.
- Morgan Stanley.
- National Australia Bank
- CBA.
Investment Banking in Australia Recruitment process
In Australia, the recruitment process combines both Europe-Asia and the USA. Let’s go through the process of recruitment in investment banking:
Series of interviews:
Usually, the interview panel gets its few best candidates after the assessment day. After the assessment day, it’s time to filter out the good from the great. A series of interviews are taken, and the interview process is harder than the interviews in the USA and Europe-Asia.
Assessment days:
On assessment days, the whole scenario is different. You will be given a limited time to prepare a case study on a transaction or hypothetical situation. Then, you will prepare the presentation and present the case in front of the panel of interviewers. It is a tough screening method because it is pretty difficult to compose an expression within a short stint of time while concentrating both on the content and context of the presentation.
Online tests:
The screening process in Australia is rigorous. Thus, if you want to break in, you need to go through a series of online exams on both verbal and quantitative subjects. Once you are through, you will go over to the next step.
What are the Best Investment Banks in Australia?
1. Credit Suisse
Having an estimated asset of about $787.3 billion under management, Credit Suisse’s capability in wealth management gradually walked this investment bank into the limelight of the Asia-Pacific region.
2. JP. Morgan
As one of the leading banks in investment, financial services, and asset management in Australia, JP Morgan has so far been a support system to the world’s most important corporations in over 100 countries.
3. Macquarie Group
This is an Australian multinational independent investment bank and financial services company. It ranks as the Australian best mergers and acquisitions adviser with over A$495 billion worth of assets under management.
4. UBS
One major reason UBS made it tops to the list as the second-best investment bank in Australia is the fact that there is an available option for anyone who seeks financial advice, regardless. At UBS, you need a minimum deposit as low as $1,000 and could go up to hundreds of million dollars for those who can afford it.
5. Citi Bank
Citi bank is more or less the outstanding global investment bank with the perfect abilities to suit any financial services that their clients may need. Citi ensures to deliver a laudable experience to clients through its world-class digital channels.
6. Morgan Stanley
Morgan Stanley operates in over 42 countries all around the globe. Its exceptional services paved the way into being recognised as one of the best investment banks in Australia. Bearing in mind the calibre of experts on there, Morgan Stanley stands out.
7. CBA
There are a plethora of services this Australian bank provides its customers and with a market share of 3.9%, it has grown beyond the Australian shores into Asia, New Zealand, and the United Kingdom.
8. Goldman Sachs
Goldman Sachs retains an enviable position in the financial advisory industry offering services in investment management, securities, prime brokerage, and securities underwriting.
9. National Australia Bank
NAB is now a formidable force in the banking industry satisfying over 12 million customers around the globe. As a customer, you can reach out to national Australia Bank through any of their branches, customer service centre, mobile app, online banking, email, and social media. The minimum deposit you should have to go for any investment plan is $5,000 while expecting your interest rate to be at 0.30%.
10. Bank of America Merrill Lynch
Bank of America Merrill Lynch had produced around $27 million and a market share of 4%.
Investment Banking in Australia Services Offered
To understand what sort of services Australian investment banks offer, we will pick one of the top investment banks in Australia and peep within their services. It will help us understand the essence of what Australian investment banks offer to their customers.
Asset Finance:
The investment banks in Australia are experts in providing various finance and asset management solutions. From aircraft to mining, from rail to technology, they offer every possible asset finance service customers would like to get assistance.
Financing: The Australian market has one benefit – it is an emergent market. Thus, the opportunities are limitless. And investment bankers all over Australia have been utilizing this advantage as much as they can. They are everywhere, from lending and investing to commodities and energy/resources.
Advisory and Capital Markets:
Even if Australia has been doing poorly in investment banking, the approach of top-notch investment bankers is still customer-centric. The advisers are trained to serve their customers first, think about profit, second. And when it comes down to their corporate finance capabilities, they have great expertise that has still helped the Australian market float.
Asset Management:
Australian investment banks are not only handling Australian assets; they are also well-equipped in driving global demand. They have 100+ strategies and several teams to outgrow customers’ expectations. (Also, have a look at Asset Management).
Trading and Hedging:
Australian investment banks can equally handle the trading and capital market. They provide 24-hours access to their customers in global market conditions, price-making solutions, and global trading. They also help their customers with market research and technical and fundamental analysis.
Research:
Equity research is the holy grail of every business. And Australian investment banks are the centers of excellence at research. Looking at a company from various perspectives and having thoughtful processes allows the banks to transcend every limitation. Their expertise knows no bounds from consumer, demographics, environment, energy to renewables, utilities, telecom & materials; their expertise knows no bounds.
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