A financial institution that offers a variety of services, usually to institutional clients:
- It assists companies, governments and individuals in raising capital to finance themselves in capital markets (debt and equity), by serving as the client’s agents in the issuance of securities.
- It assists companies to merge with or acquire other companies, or undergo other corporate reorganisations.
- It offers brokerage services for institutional clients and provides liquidity through market making and trading of various financial assets.
- It may also undertake large-scale trading for its own account.