Michael Tory Ondra says Investment banking is a division of a bank or financial institution that serves governments, corporations, and institutions by providing underwriting services, the capital raising process, and the way it is done today in the sector.
Investment banks are financial services firms or business units that engage in financial advisory transactions on behalf of individuals, corporations, and governments. Investment bankers provide advice, and investment services, and participate in private and corporate investment transactions. Banks also use many of the analytical tools and financial management processes that investment bankers rely on in their work.
Investment bankers access capital markets to identify investment sources and advise their corporate, government, and other institutional clients as their firms negotiate mergers and acquisitions and other complex transactions. Oversight contrasts with the work of investment bankers, who meet the financing needs of corporate clients by arranging or assisting investment bankers to buy and sell securities. In contrast, fund managers control smaller funds for a large number of clients, and investment bankers work with many different firms and investors on financing agreements.

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