Corporate and Investment Banking

This book provides unique information to prepare graduates and newly hired corporate and investment banking professionals for a career in the global markets environment of large universal and international investment banks. It shows the interrelationship between the three specific business functions of sales, trading, and research, as well as the interaction with corporate and institutional clients. The book fills a gap in the available literature by linking financial market theory to the practical aspects of day-to-day operations on a trading floor and offers a taxonomy of the current banking business, providing an in-depth analysis of the main market participants in the global markets ecosystem. Engaging the reader with case studies, anecdotes, and industry color, the book addresses the risks and opportunities of the global markets business in today’s global financial markets both from a theoretical and from a practitioner’s perspective and focuses on the most important fixed-income financial instruments from a pricing, risk-management, and client-marketing perspective.

Fidelio Tata is a senior market structure specialist with more than 25 years of executive experience in derivatives marketing, institutional sales, risk management, and global fixed-income research. During his 17 years on Wall Street, he developed an in-depth familiarity with a US and European client base consisting of hedge funds, real money, and sovereign investors. Fidelio has broad teaching experience that includes the development of J.P. Morgan’s global derivatives training program, acting as frequent guest speaker at conferences and a trainer in asset and liability management to central banks, and is currently Professor of Finance at the Berlin School of Economics and Law in Germany. Previously, he attended the University of St. Gallen, Switzerland, the London School of Economics and Political Science, UK, as well as New York University’s Stern School of Business and Harvard University in the USA.