bulge-bracket firm

(redirected from Bulge Bracket Firm)

Bulge-Bracket Firm

In bracketing, an underwriting firm responsible for placing a certain amount of a new issue with investors. If a bulge bracket firm is the single largest underwriter, it may be responsible for assigning parts of the issuer to other underwriters. Brackets are listed in order of size on an advertisement detailing each new issue, known as the tombstone.

bulge-bracket firm

A large investment banking firm that is considered to have an exceptional reputation and customer base. Investment bankers such as Merrill Lynch, Morgan Stanley, and Goldman Sachs are held to be among the relatively small group of firms that qualify.
Mentioned in ?
References in periodicals archive ?
East Wind Advisors said this combination will expand the capabilities of the firm by bringing together bankers who worked together for many years on several assignments and have a shared legacy of having worked at the same bulge bracket firm before founding their own boutique firms.
While Carin has played a senior role at a bulge bracket firm, she has also spent time at successful advisory boutiques and brings an entrepreneurial mindset that fits JMP well.
She started her career as an investment banker with a bulge bracket firm in NY.
"It came down to us and a bulge bracket firm that did investment outsourcing for individuals.
One broker at a bulge bracket firm added that his firm would stop trading on the affected market and contact the exchange if any problems were detected with data feeds.
Byrd has had no problems building solid business relationships during his more than 20 years in the investment banking industry, where he bounced from one bulge bracket firm to the next, including Chemical Bank, Merrill Lynch, and Dean Witter, which would later merge with Morgan Stanley.
Too often, middle-market companies are forced to choose between a niche M&A advisor or a bulge bracket firm when seeking strategic financial advisors.
"Bulge bracket firms have pulled way back in their North America-based sales teams," said Mark Decker, founder and CEO of Decker & Co.
Altman aggressively recruits managing directors from the Wall Street bulge bracket firms, each with a $10 million revenue target and has won many trophy mandates in TMT deals.
The best example of unbundled purchasing and the importance of expertise is the advisory business, where bulge bracket firms or "pure" investment banks have dominated.