Hi all,
Currently, I am doing a 1-year traineeship at a universal bank in NL. My current assignment is a three-month internship at the ECM department.
I am very excited about working in ECM and in IB in general, though I would like to explore a little bit more to know the options that I have when finishing my traineeship.
At my bank there is no leveraged finance department, only acquisition finance. I was wondering: is there a difference between these two, or are they generally the same with a different name? Does acquisition finance count as IB?
Furthermore, my mentor and a fellow trainee told me about working in treasury and that seemed interesting to me too. I noticed that you can pick "Investment Banking - Treasury" as an industry when you are editing your profile. However, I was wondering: how is treasury considered investment banking? It's mostly managing the banks own money right and not really advising clients or am I wrong about this?
If anyone could help me with these questions, I would really appreciate it! Thanks in advance.
Bump. What about product groups like Project Finance, Acquisition Finance, Trade and Commodity Finance, Loan Product Group and Global Client Solutions? Are they considered IB product groups or are they considered to be Corporate Banking activities?
Corporate banks can also take part in global banking but IB's are in charge of acquisition finance. IB's specialise in mergers, securities financing, company restructures and underwriting. The rest can be done by corporate banks.
Hope I've helped a little bit at least.
You have certainly, thanks for your reply.
The bank I work at is a universal bank, with no clear distinction between "investment banking" and "corporate banking". They lump it all together under the umbrella of "Wholesale".
I am trying to understand the organization by getting a clear picture of which groups are IB groups and which are CB. I know that M&A, ECM, DCM, Capital Structuring are clearly IB. But I'm not sure about the rest of the product groups.
Can a banker in a product group focussed on lending ever call himself an investment banker?
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