What is the difference between the asset management department and the investment banking department of a securities company?

The investment banking department is responsible for issuing securities, and the asset management department is responsible for managing the preservation and appreciation of assets under custody or corporate assets.

The responsibilities of the two departments are different. The investment banking department mainly deals in stocks and bonds. The asset management department is mainly responsible for the collection of wealth management products and channel business, and the investment banking department is responsible for IPO and bond issuance.