Can someone please explain this mo--nic “ Commercial Banking “ platform led by CW …? This sht show hasn’t done anything commercial in 30 years… these mindless roadshows with flag wavers and bo--y li---rs… come on folks…! Trollers and drones please join in…!
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It’s not commercial banking, it’s the “Chief Commercial Office” which is just another way of saying the front office of the bank. GCM rolls into her and all the sales and RM leads in the business lines have a dotted line into her org as well. The term commercial here is just denoting that it has to do with client business and being the revenue center.
Not directly relevant to your question but in case it’s helpful - We aren’t a commercial bank in the sense that we do small business banking and loans like a lot of regional/retail banks offer. We are however a corporate bank (in addition to being a securities services/custodian and wealth/asset manager), which offers a lot of the products that commercial banks offer (deposits/liquidity management, payments, credit facilities, fx hedging, capital markets etc.) but at a larger scale for larger, generally publicly traded clients whose needs eclipse what a commercial bank can typically offer.