投资银行机构分解.pptVIP

执行委员会 股票交易及销售部 投资银行部 资产管理部 固定收益证券交易部 全球投资 研究部 运营、技术、财务支持部 衍生证券交易及风险管理部 投资银行业务与盈利模式变化 不同的投资银行机构业务范围有很大差别,有的投资银行可能只专注某一项业务领域 (the smallest boutiques)，而大的投资银行则可能涉及上述全部业务(Large Full-Service Firms) 大的投资银行：Goldman Sachs, MorganStanly 证券化为中心的中介服务＋投资参与，PE，PF… 全球化 地区性 全能服务 专项 Jardine Fleming E Trade Ameritrade 高盛、美林 摩根士丹利添惠 Salomon-Citigroup J.P.Morgan-Chase Manhattan CSFB，UBS 全球著名投资银行 Goldman Sachs (高盛) Merrill Lynch(美林) Morgan Stanley Dean Witter(摩根士丹利添惠) J.P.Morgan-chase Manhattan(J.P.摩根-大通曼哈顿) CS First Boston(瑞士信贷第一波士顿) Deutsche Morgan Grenfell(德意志摩根建富) ABN AMRO(荷银浩威) SBC Warburg(瑞银华宝) Credit Lyonnais(里昂信贷) 全能银行被认为比专业银行更具备优势。可以为企业提供范围更广的金融产品，更容易与企业建立长期稳定的关系，有利于形成规模经济优势。全能银行可以分析企业运用各种金融产品的表现，而监督企业支票账户情况，从而获得更多的信息，并运用到各个方面，而不仅仅用来支持贷款决策。此外，通过提供各种各样的服务，综合性银行在设计融资合同的过程中拥有更多的选择工具，并且对企业的管理决策有更多的影响手段。 THE ESSENCE OF A GREAT INVESTMENT BANK Reputation is the most important asset Integrity, power, discretion The best people The best clients The best deals Consistency of performance High ROE Timeliness of advice Creative solutions to tough problems Internal strengths 1. Our clients interests always come first. Our experience shows that if we serve our clients well, our own success will follow. Our goal is to provide superior returns to our shareholders. Profitability is critical to achieving superior returns, building our capital, and attracting and keeping our best people. Significant employee stock ownership aligns the interests of our employees and our shareholders. 2 Our assets are our people,and reputation. If any of these is ever diminished, the last is the most difficult to restore.Our business is highly competitive, and we aggressively seek to expand our client relationships. But Integrity and honesty are at the heart of our business. We make an unusual effort to identify and recruit the very best person for every job. In a service business, we know that without the best people, we cannot be the best firm. 3 We stress creativity and imagination