Could someone explain the difference betweenAsset Management and Private Banking to me? I thought they were very similar. Also, is more well-known than its Private Banking side? (i.e. are all sectors of considered equals?)
Also, on a more general note, many of thebanks and upper middle market firms seem to break up their divisions slightly differently. What is the best way to determine what a division really does? Is it just by experience? (Sorry, I'm pretty new to this.)
Thanks in advance!