The management and advances of the finances of man is done by his own creation – the Bank. It is deemed as the most stable financial institution on which one can totally trust, with regard to his finances. So, because banks are held responsible for all sorts of financial transactions, it becomes necessary to segregate them according to their specialities. This makes it easier to understand which bank performs which sort of functions and carry out the needed transactions.
Having sorted out the various types of banks based on the specific work they do, defining the client of the bank became another mandatory act. It was important to differentiate the type of the client because of the innumerable types of finance related works. This proved to be beneficial for both parties – the bank and its client.
Those banks that cater to mid-market business and the public in general are popularly known as the retail banks. On the other hand, those banks that render their services to the business corporations and companies are better known as the corporate banks. Further, the banks that are experts in dealing with the financial market are called to be the investment banks. These investments banks have become a compulsory entity for any person interested in the financial market. Investment banking is one thing in the present day that is inextricably linked with the investments that any individual makes. It does not refer to any activity done in an investment bank; instead it is a process of handling the investments that are made.
Jennifer Neighbours an investment banker worked in New York’s SSB Capital Partners, as one of its founding member, in the investment banking department. She and other investment bankers think that this career is a great learning experience and gives exposure to an individual on a large scale. You might even get to meet top class government officials and politicians regarding matters of investment, because they totally rely on these institutions to give advice on their mergers and acquisitions.
The corporate investment banks could be considered as the middle man between the client and the financial market. The primary focus of such banks is to develop and help in the raise of the capital of the concerned company, at the same time holding onto the security that the client requires. The transactions and acquisitions of companies that are operating on a global and international scale are the points of emphasis in the working of a corporate finance bank.
Investment bankers like Jennifer Neighbours from Chicago have a lot of responsibilities because of the huge cliental that they own. The growth of any upcoming business is also largely dependent on the advice of the investment banks and hence they need to work diligently, so that their advices may provide fruitful results to their clients. This helps them in holding onto the client’s trust for a long time.
The exclusive sales and divestitures, the buy-side and sell-side advisories, are among the other services offered by the investment banks along with the merger and acquisition advices. The investment banks need to keep up their trust factor, as a part of their business strategy, because they are reusing the investment that the client has made, in order to give back the pre-specified amount of money promised to the client.
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