Roles in the front office

The way groups and teams are structured varies across banks, but they tend to follow the broad categories below:

Investment banking division structure

  • Industry coverage groups
    • Consumer, healthcare, natural resources
  • Regional groups
    • UK, European, Emerging market
  • Product groups
    • Mergers and acquisitions
    • Leveraged finance
  • Capital markets
    • Equity capital markets
    • Debt capital markets
    • Structuring
Market structure
  • Fixed income, commodities and currencies (FICC)
    • FICC sales
    • FICC trading
    • FICC/Macro Research
  • Equities
    • Equities Sales
    • Equities Trading
    • Equity and credit research
  • Asset backed securities (ABS)
    • ABS sales
    • ABS trading