bulge-bracket firm

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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.
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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.
HFP offers many of the services typically found in a bulge bracket firm, but in a smaller, more accessible package for its clients.
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.
A member of the NYSE since 2002, she was the first and youngest woman to manage such an operation for a bulge bracket firm, and served as one of its top producers on the Listed Equity Trading Desk.
WestLB, as a lender in the equipment leasing space, gives clients the attention of a boutique bank with the capabilities of a bulge bracket firm," said Matt Tallo, Director in WestLB's Asset Securitization Group.
A member of the New York Stock Exchange since 2002, she was the first and youngest woman to manage such an operation for a bulge bracket firm, and served as one of its top producers on the Listed Equity Trading Desk.
WestLB offers clients the expertise of a bulge bracket firm with the personal attention of a smaller bank," said Tom McCaffery, Managing Director and Global Head of WestLB's Capital Markets Origination and Syndication division, as well as CEO of North America and the United Kingdom.
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.
Unlike the bulge bracket firms for whom high-touch trading is a substantial part of the business, agency brokers have smaller budgets and tend to rely on their technology and low-touch trading services to win clients.