Taking multitasking to a whole new level – Jackey Zhao
Working in Debt Capital Markets at MUFG has been an exciting journey. With so much going on, the ability to multitask is essential (juggling seems to me to be a suitable metaphor!). If you like the fulfilling experience of managing different projects, tasks (urgent or long-term, ranging from deal-pitching material preparation, credit analysis to swap market analysis, model building, as well as pricing and execution), you should set your foot in here.
My typical day in the Hong Kong office looks like this:
It all starts with a morning call with the Asia team in Singapore. The call summarises overnight market movement, key events, previously priced bond deal performance and looks ahead at things to watch for the week. I then continue with live deal projects, which could be anything from preparing investor marketing material, to speaking with issuers and clients on specific issues related to deal preparation.
In addition to the live deals, preparing pitch materials takes up quite a lot of my time. This involves a fair bit of PowerPoint and Excel work (including capital structure analysis for the client company, primary market trend summary, key recommendations, etc.). Toward the end of the day, I jump on a call with the European team to get an update on deal pricing summaries and market updates from the other side of the world and to update them on the Asian market. Capital markets is highly reliant on global team collaboration.
The rest of day is dependent on the current workflow, be this long-term projects or helping to put together pitch books
In summary, I enjoy the broad exposure of working in the DCM team at MUFG and the skills I find myself developing each day. The intensity of work could be a double-edged sword, therefore being able to prioritise and manage your time is essential.