What is the business and operation mode of the asset management department of large commercial banks?

First of all, the concept of asset management is very big. At present, many financial institutions are basically doing this work, but the scope and preferences are not the same, but they are essentially inseparable from the basic category of "entrusted by people to manage money on behalf of customers". For example, we are familiar with the trust, PE and so on. All of them raise customers' funds through certain channels, and then realize the preservation and appreciation of assets for customers through certain investment operation methods, and these institutions, as asset managers, can also obtain certain benefits. Then, as for the asset management department of commercial banks, I think it can be commonly called "bank wealth management fund operation department", which will be easier to understand. Generally speaking, asset management will be divided into two parts: one is the capital side and the other is the investor side. Among them, the investor is the department or link to raise funds, which can be personal finance, corporate finance, private banks and so on. In commercial banks, of course, it may also be peers, but in short, this link is to raise funds, that is, to find money. The second is investment operation, which is also commonly known as investor or asset. This work will generally focus on a department of the head office for specific operations, generally known as the asset management department. Because the customers of the wealth management end of commercial banks are generally ordinary income groups, the access of products is not as high as that of trust /PE, and the demand for investment is relatively stable, so generally speaking, the asset management style of commercial banks will be as cautious and steady as the inherent style of banks. From the perspective of subject matter, money market, bonds and good credit assets are also major. Even if some equity projects are configured, most of them are in the form of structural priority, which is generally a low-risk and low-return investment strategy.