An Overview of Private Banking:
Investment banking is the system for helping business organizations to increase their capital from the market. This system actually cooperates companies for better performance in marketing. These banks do not store money. It actually works like a mediator between terms and condition for the investment and the investor to judge the right investment. This system also provides other facilities. While using a private banking system, the investor does not need to face the dealings directly. A person engaged in this profession is called a private banker.
Investment bankers play an important role for any company. The future growth and profit actually depend on the decisions taken by the banker. VikramPandit, of Indian origin, had worked as an investment banker in America. Later, this man also built a firm of investment bankers. After some time, he sold his firm to the Citi Group. Later, he was named as the C.E.O of the organization. This example actually proves the value of experience of an investment banker.
Attributes of Investment Bankers:
Investment bankers have to be serious about their profession. The person should be very efficient in making convenient deals for individuals and companies. Reliability and management of time is also very essential for this field. Making the proper judgment for the client in question is the key attribute for this profession. The presentation skills should be well developed so that the client can understand the matter fully. To join this profession, one must have a vivid knowledge about present market conditions and must be able to calculate the approximate future condition of the investment market.
Investment Bankers in China:
Now in China, investment bankers have been limited. This step was taken by the government in order to regulate this recent phenomenon. A bank invested huge money to hire a privet banker. After that, the profit of that bank did decrease instead of flourishing as one might predict. Later, the higher authority of the bank stated that they were continuously reassured by the banker regardingany future growth of the company. After some time, theadministration supervisors took steps one more time by warning private bankers to close all unregistered loans. And they were also ordered to create restrictions to protect against the increment in corrupted loans. It was posted by the reference of a replica of the instruction provided by the management. The profession of privet bankers is a wealthy one.
Degradation of Investment Banking in Africa:
The same picture also arises in the case of the African market. The rate of investment banking has dropped this year at the rate of 64 percent. Most of the investment bankers have fallen out of the world, ranking Sub-Saharan listing. Fees of the private bankers in the next quarter decreased at the rate of 34 percent to 45.2 million dollars. It was the most difficult time, taking quarter after the second sector in the year of 2005.
These bankers and their business firms are getting damaged recently. One of the key causes behind this destruction is the reckless and risky investments made by industries without consulting these professionals. They are being avoided because these kinds of bankers actually drain out huge amount of fund from the big industries for their profit only.