Anyone has an idea of what the FI sales department does? Does it sell products/risk management arrangements exclusively for F.I.s? If yes, why is it necessary to separate FI sales from general sales and trading busineses for products including equities and FI etc.?
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hi, the distinction is necessary since there's also "corporate sales" ie sales and trading businesses for corporate clients.
as a hypothetical example the "treasury" department at Apple might want to enter a 200m swap deal , or something.
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