Understanding Financial Institutions Groups

Understanding Financial Institutions Groups

A bachelor of science graduate in economics from St. Lawrence University in New York, St. Louis-based James Giacin has over two decades of experience in structured finance, mergers, and private equity. One of the areas that James Giacin focuses on is strategic finance service to insurance companies through a Financial Institutions Group (FIG).

Banks and other financial institutions, like insurance companies, primarily provide services to clients that includes advice for financial stability and help with financing. Where do these institutions seek assistance themselves?

A FIG is a group of professionals who provide expertise and services to banks, insurers, and specialty asset-management firms. FIG employees typically include financial analysts and experts to provide tailored services such as financing for mergers and acquisitions (M&A) and initial public offerings (IPOs).

The FIG business structure varies. Some, especially those for large investment banks and insurance companies, are integrated into the institution as a subset or department. Others, completely autonomous, specialize in a distinct niche, such as insurance, or focus on a more defined industry, such as real estate, healthcare, or media. FIGs often provide financing for their clients’ activities. Their own profits emanate from interest income from the funds they lend, money markets, and deposits.

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July 06, 2023 at 12:31PM