Securities Services

Does anyone have an experience at Securities Services division of an investment bank? I see there are front to back office roles like sales/client management, fund admin/custody/securities lending, risk/BM etc. Is this a good division to start your career? How are the exit opps to other FO roles like S&T/AM/buy side roles? Would it rather be better to take roles say in credit rating agencies as a credit rating analyst?

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