The support function within a bank that acts most like an investment manager is the:

The support function within a bank that acts most like an investment manager is typically the Asset Management Division or Wealth Management Division. These departments are responsible for managing client investments, developing investment strategies, and optimizing asset allocations.

Asset management involves a comprehensive approach to investment, including a deep analysis of various investment vehicles such as equities, fixed income, real estate, and alternative investments. These managers are skilled at assessing market trends, risk factors, and client needs to create a personalized investment portfolio that aligns with the client’s financial goals and risk tolerance.

Moreover, investment managers within these divisions conduct research, monitor market conditions, and adjust portfolios as necessary to respond to changing economic environments. Their primary goal is to maximize returns for clients while managing risk effectively, similar to how an investment manager operates outside of the banking environment.