The following Banking & Finance guidance note provides comprehensive and up to date legal information covering:
This Practice Note is designed to cover the key roles within a financial institution, the responsibilities that each such role has and how and when an in-house lawyer may come into contact with these roles.
Financial institutions may include investment banks, retail banks, private wealth banks or other investment arms—including asset managers or funds. This Practice Note is primarily aimed at in-house banking and finance lawyers working at investment banks.
The front office is the client-facing side of a bank which generates the bank's revenue.
Some of the roles of individuals working in the front office might include:
selling new trading ideas and concepts to investors
helping clients find solutions to their financing issues
originating and/or distributing investment products
trading secondary market products
issuing debt securities via the debt capital markets
commercial lending, and
compiling research reports
In an investment bank, the sales and trading components work very closely together.
The sales team typically call on potential investors with suggestions of trading ideas and then convey the feedback from the investors back to the trading team. The investors may come up with ideas of how they would like their products to be structured and set out what issues they are trying to address in entering into new products.
Sales and trading
**excludes LexisPSL Practice Compliance, Practice Management and Risk and Compliance. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
Take a free trial
0330 161 1234