“Investment banking used to be a customer facilitation business that served its client base. Investment banks were private partnerships that were very attuned to the risks they were taking. They were relationship-based – not transaction-based – entities; and they took a long-term approach to the business. That meant aligning themselves, through culture and fee structure, with their clients’ best interests. Doing the right thing for clients was the operating principle.“

The mantra for every good business- at least it should be.

peHUB » How a Changing Investment Banking Industry Will Finance the Future

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