staff that interacts with customers and clients the members of staff in a financial institution or brokerage who deal directly with customers and clients.
How can firms classify financial products in a meaningful way and tick most of the information requirement boxes of the consumers of such information—i.e. front office, middle office, quants, model certification, legal and compliance, finance and accounting, regulatory reporting, product control
By Markus Krebsz
An investment bank is split into the so-called front, middle, and back office functions. The front office deals with investment banking and management, sales and trading, structured products, private equity investment, research, and strategy. The middle office deals with risk management, finance
The logic for this is irresistible. As the membership of ALCO covers both front-office business line heads with profit and loss (P&L) responsibilities as well as risk management persons, it has the overarching balance-sheet view that an enterprise risk management (ERM) forum perhaps may not
By Moorad Choudhry
Maureen J. Miskovic believes that in the post-crash period risk managers of banks and financial institutions are going to step out of the back office and into front-line roles. Miskovic has been Executive Vice-President and Chief Risk Officer at Boston-based State Street since April 2008
By Maureen J. Miskovic
Definitions of ’front office’ and meaning of ’front office’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’front office’ and other financial terms with our online QFINANCE Financial Dictionary.