Liability Management in DCM
Does anybody have any insight into what the Liability Management team does within DCM? I'm specifically talking about IB, not Asset/Liability management within a commercial bank.
From my understanding they help with debt exchanges and repurchases, but that is really all I have gathered. Someone mentioned to me that teams run fairly small (i.e. 6-7 at a BB).
Any insight into hours, team structure, LT career potential, etc would be very helpful.