Investment banks continue to have a brokerage approach to structured product distribution, even as private banks are adamant that they focus on a more sophisticated advisory role. “Best execution is no longer a differentiator,” says a capital markets veteran at a major private bank in Asia, echoing the sentiments of many industry players. “Any investment bank that isn’t truly committed…
I-bankers need to generate more ideas, say p-bankers
15 March 2016
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