SMBC Leveraged Finance?
Anyone have any insight into SMBC’s leveraged finance team? Any info would be very helpful. Thank you all!
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SMBC's LevFin group is called Strategic Credit Products (SCAD) and consists of three subgroups: Sponsor Finance, Portfolio Management and Lender Finance. Sponsor Finance is basically like traditional LevFin groups at other banks providing debt financing for LBOs, refis etc and has better deal flow, bonuses and exit opps relative to the other two groups (Blackstone buying Emerson's Climate Tech business was a big one not too long ago). Portfolio Management works with Sponsor Finance but I don't know what they actually do tbh. Lender Finance is the least transaction-oriented/client facing group and lends to private credit funds, BDCs, does a lot of CLO warehousing too.
Overall culture and WLB are great as its closer to corporate banking than true IB. Comp is definitely below the street (brutal bonuses this year) and decent exit opps are hard to come by but not impossible. Honestly great group/bank to join if you just wanna coast lol
source: I work here
Thank you for the info here very helpful!
Do you mind if i pm you for some more questions?
Does your team commit to direct lender / private credit transactions? Or strictly focused on the syndicated market?
Shoutout for sharing such useful info!
are exits mostly to PC or some LMM/MM PE as well?
Do you have any info on comp on ASSO/VP level?
Base: ASO1 150k/ ASO2 175k/ ASO3 200k. Bonus was 40%-60% depending on group. VPs start at 225k and go up incrementally. Can't confirm bonus numbers but would suspect in the ~50% range as ASOs. (Source I work at SMBC as ASO2).
UK or US?
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Top lev fin group on the street. (1)
Footnotes:
(1) Ranking based on Japanese banks that start with S.
What are bonuses like
Comp is 150/175/200 then 225 at vp. Horrible management. Inefficient processes. Not a place to grow as an employee. No one wants to be friends. Credit officers does no do their job properly.
Took a pay cut to leave. Legit the worse company ever.
They are cheap. Do not care about morale. Not your typical bankers here
Can verify this claim. This place is awful, an actual nightmare. Do not come here unless you have no other options.
can you elaborate? is senior management toxic, is it also among your own team?
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