Asset Management and Investment Banking
Asset management and investment banking are two very prominent financial services sectors in Nigeria currently. However, not many understand the specifics that differentiate the two services as well as the distinct clientele that each serves. In this article, we clarify the unique roles of asset management and investment banking, and the type of financial service each offers. Asset Management and Investment Banking Defined To understand the distinction between asset management and investment banking, let’s start with their definitions: What is Asset Management? Asset management is the professional handling of money, assets and investments on behalf of a client to ensure maximum returns. This process involves buying, holding, and selling various financial assets including stocks, bonds, commodities, and alternative instruments and requires executing a proven investment strategy to help a client achieve their investment goal. What is Investment Banking? Investment banking is a fin...