Module II· Division & Product ChoiceIntermediate
Question
How do you clearly distinguish coverage versus product teams such as M&A?
Answer
Coverage owns client relationships and sector knowledge, coordinating products across M&A, ECM, DCM, and other teams. Product teams bring specialized execution expertise in a specific transaction type. M&A focuses deeply on acquisitions, disposals, valuation, negotiation, and process execution. Good bankers understand both, but the day-to-day emphasis differs.